H1b/ PERM query

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Hi all,

My name is  kumar, This mail is regarding the H1b query, 

I94  start date: 21 Mar 2017 ( came to the US)
H1b expiry: 14 Feb 2023
PERM filed: April 20, 2022.

I came to the US on 21 Mar 2017, In the whole H1b period, I did not go on vacation to India. My PERM is filed this year (April 2022) and is under process.  My H1b visa expires on 14 Feb 2023. 
  I have the below question, could you please respond to the below questions?
 1.  Currently my PERM/ I140 process is taking more time, is there any possibility of my PERM getting approved by Dec/January?
 2. If my PERM is not approved by Dec/Jan, can I change the status to F1 until PERM is approved and move back to H1b. In that case,
 will there be any risk of losing the status of H1b/I140 if I change the status from H1 to F1? (Can we continue both statuses simultaneously H1 &  F1?)

 3. By January if I go to India does my PERM will still be valid and also would I come under the H1b cap exemption? 
 4. Can I apply for 1 year h1b extension is there any possibility for me now?


Thank you!!



Edited by Kumar0512
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