New Scheme of Education of the CA course, has been implemented with effect from 1st July 2017. The Examinations at various levels under the New Scheme of Education and Training will be held with effect from May 2018 examination onwards.
Examinations under the existing scheme of education at various levels of the course will continue to be held as per the schedule already announced. The Council of the Institute of Chartered Accountants of India (ICAI) has decided to grant the following exemptions under new syllabus approved by it under sub-regulation (4) of regulation 28G in respect of Intermediate Examination and under clause (iv) of regulation 31 of the Chartered Accountants Regulations, 1988 in respect of Final Examination for existing students in respect of the group/paper qualified by them under the old scheme:
I. Intermediate Examination:
(i) Exemption from appearing in a paper or papers on the basis of securing sixty percent marks
(ii) Group-wise Exemption to candidates of the Intermediate (New) Syllabus, on the basis of group(s) passed, under the IPC Examination or the Intermediate (IPC) Examination.
(iii) Unit Scheme to candidates who had completed one of the Groups under the erstwhile Intermediate Examination under the syllabus as specified in paragraph 2A of Schedule B to Chartered Accountants
Regulations 1988 (held in November 1994 or thereafter) or Professional Education (Examination II) or Professional Competence Examination (PCE), or Intermediate (Professional Competence) Examination, or Integrated Professional Competence Examination or Intermediate (IPC) Examination and are desirous of completing the Intermediate Course (New) Syllabus.
II. Final Examination:
(i) Paper-wise Exemption on the basis of securing sixty per cent or more marks.
(ii) Group-wise exemption on the basis of passing one of the groups under the syllabus as mentioned above shall be treated as having passed in that particular group and are required to appear in the remaining group of Final (New) examination under Regulation 31(iv) in order to pass the CA Final Examination to be held w.e.f May 2018 onwards.
For more details please click: https://resource.cdn.icai.org/48229icaiexamannoun-exemnse.pdf or https://www.icai.org/new_post.html?post_id=14306&c_id=219