If I cleared Group 1 or Group 2 of CA Final, Then Subjects Exempts for CA Final Attempt May 2024

What if I cleared my CA Final in either Group 1 or Group 2 || Then How many subjects I have to give again in May 2024 || and How many subjects will be shifted online.

ICAI (The Institute of Chartered Accountants of India) declares CA Inter and CA Final results on 9th January, 2023. Surprisingly this time the result was much less. Only 8650 Students became Chartered Accountants. It's not a new thing to surprise because November 2023 was the last attempt for students in the old course. For May 2024 students have to give their attempt in the new scheme only. Now many students have confused those who have cleared their either Group 1 or Group 2. In this regard, a tweet from CA Neeraj Arora

Students who clear Group 1 under the old syllabus in Nov 2023 or prior will be exempted to write Paper 4 (Costing and Management accounting) under the new syllabus.

This is confirmed by the CA student journal of September 2023 release. pic.twitter.com/a2vnVBoelb

— Aditi Bhardwaj 🇮🇳 (@CAAditiBhardwaj) January 10, 2024

Now dive into the situations, there are two situations.

Situation 1

What If I clear Group 1 of the CA Final, Then How many Subjects do I have to give in May 2024 which subjects will be online, and Which will be exempt.

In the old course there were 8 Subjects But In the new Course, only 6 Subjects rest shifted to the Online Shelf Paced Modules, If You want to know more about Shelf Paced Modules Read This . If you passed Group 1 of the CA Final in November 2023 then you have to give only these subjects only 

• Direct Tax 
• Indirect Tax
• New Subject Inserted By ICAI Called IBS & SM Know More.
• Elective Papers will be exempted because it is shifted to online Shelf Paced Modules SET C and for those who have their first attempt in May 2024 their SET C & D shall be exempted accordingly.

It means you have to give only and only 4 Subjects offline and SCMPE through online Modules.

ICAI May issue further clarifications same will be updated here.

Situation 2

What If I clear the Group 2 of the CA Final, Then How many Subjects do I have to give in May 2024 which subjects will be online, and Which will be exempt.

If you clear your Group 2, then You have to give only 

• FR (Financial Reporting)
• SFM i.e. AFM now
• Audit and Assurance.
• Corporate Laws will be conducted through online mode.

You have to give a total of 4 Subjects one of which will be conducted online. To understand better you may watch this video

FAQ'S

FAQs Regarding CA Final May 2024 Exams

Q1: If I cleared Group 1, how many subjects in May 2024, and which online?

A: Four subjects - Direct Tax, Indirect Tax, IBS & SM, exempted Elective Papers shifted online (SET C).

Q2: What subjects for Group 2 passers in May 2024, and which online?

A2: Four subjects - FR, SFM (AFM), Audit, and Assurance. Corporate Laws conducted online.

Q3: Any exemptions for those who cleared Group 1 in Nov 2023?

A3: Elective Papers exempted (online SET C), May 2024 first attempt takers have SET C & D exempted.

Q4: Will ICAI provide further clarifications for May 2024 exams?

A4: Possible. Updates on further clarifications will be posted here; stay tuned for ICAI announcements.