Due to ongoing period of lockdown amid Covid-19, it has been
observed that students are facing problems in online filing of
various application forms related to practical training within
prescribed time and such delay is causing levy of condonation fee
upon them, said the Institute
of Chartered Accountants of India (ICAI) in a statement.
The Chartered Accountant's body said it has decided to waive off
this condonation fee considering the hardship faced by students.
"Considering hardship faced by the students, it has been
decided to waive off condonation fee on delay filing of all
articled/industrial training related application forms till 30th
June 2020 if transaction date in such application forms falls
between 1st March 2020 to 30th May 2020," the ICAI said in the
"This period includes one-month prescribed time limit given
in general," the statement added.
In another related announcement, the ICAI said it will start
revision classes for students who would sit for the forthcoming
examinations in June 2020. The classes will begin from April 22 and
will benefit students in intermediate and final levels of the CA
The revision classes will be available for free to all the
students. Students do not need to register in advance and can just
click on the link provided for each class (available on the ICAI
website) and attend the class.
The Institute, which is the supervising professional body for
Chartered Accountant education in the country, has on March 28
postponed the CA exam scheduled to be held in May. The exams will
now be held in June-July.