Approval of CA CPT Exemption For Graduates – Rule Applicability

For latest update on this rule visit here:

CA CPT Passing Marks Rule Applicability (30% For Each Section)

2. CA CPT Exemption Rule For Graduates

The CA CPT Exemption Rule For Graduates is  approved by Government. Common Proficiency Test (CPT) will be exempted for the following Students who fulfill this condition:

(I) Any Commerce Graduates/Post-Graduates who has studied any 3 full papers of 100 marks each out of

1. Accounting
2. Auditing
3. Mercantile Laws
4. Corporate Laws
5. Economics
6. Management including Financial Management
7. Income Tax Laws
8. Indirect Tax Laws
9. Costing
10. Business Administration
11. Management Accounting

and passed the Graduate/Post-Graduate Examination by securing an aggregate of minimum of 55% of the total marks or its equivalent grade from any recognized Universities including Open Universities is exempted from appearing for CPT and can directly appear for the next level i.e. CA IPCC

(II) Any other Graduate/Post-Graduate not falling in the above category (i.e. Non-Commerce Graduates) who has passed the Graduation/Post-Graduation examination by securing an aggregate of minimum of 60% of the total marks in the examination or its equivalent grade from any recognized Universities including Open Universities can also avail of the CPT Exemption

(III) Any Candidate who has passed the Intermediate level examination conducted by The Institute of Cost and Works Accountants of India (ICWAI) or by The Institute of Company Secretaries of India (ICSI). It has also been decided that the above exemption would also be applicable to students who wish to pursue Accounting Technician Course of ICAI.

Provisional Registration for Students pursuing Graduation Course

As it is there in CPT, like the student can register on 12th basis before 12th result; after CA CPT Exemption Rule Approval For Graduates, also the students who are in the final year of graduation are also allowed to provisionally register for IPCC but appear for IPCC Exams only after appearing in the final year examination of Graduation Course.

Their provisional registration to the CA Course would be confirmed only after submission of satisfactory proof of their having passed the graduation course with the prescribed percentage of marks.

Commencement of Articleship for Graduates who are exempt from CPT

Those Students (as specified above) who are exempt from appearing for CPT are allowed to commence their Articleship Training immediately without even clearing IPCC (Group I) Exams

However, candidates passing Intermediate level examination conducted by the ICWAI/ ICSI are allowed to join Articleship only after passing Group I of the IPCC Examination of the ICAI

That’s it for CA CPT Exemption Rule For Graduates Updates.

As we told above too that this rule regarding CA CPT exemption rule for graduates is approved by Government. For more information about this approval, refer: >CPT Exemption Rule For Graduates Approved by Govt. 

Enjoy !!!