Relaxation in Study Period for students appearing in May, 2022 Intermediate Examination after passing July, 2021 Foundation Examination
ICAI has given relaxation in study period for students who are appearing in May, 2022 Intermediate Examination after passing July, 2021 Foundation Examination
Students who have cleared July, 2021 Foundation Examination are required to register in Intermediate Course till November 1, 2021 in order to appear in May, 2022 Intermediate Examination
As per ICAI Announcement, in order to remove hardship caused to the students due to postponement of May, 2021 Foundation Examination, it has been decided that such students are allowed to appear in the Intermediate Examination to be held in May, 2022 after completion of six months Study Period in place of eight months Study Period.
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- In considering disallowance u/s 40A(2) genuineness of expenditure not relevant issue
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- Section 143(1) Intimation not an order for Revision u/s 264 of Income Tax Act

