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PETITION TO THE PARLIAMENT FOR INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX BILL-2025
| Name | Category | City/State | Comment | Date |
|---|---|---|---|---|
| somanath panda | odisha | Cost Accountants should be included in the definition of Accountant and should be able to file TDS Returns and any returns pertaining to Income Tax | 25-02-2025 | |
| WILSON PAUL BADDE | Others | HYDERABAD | Looking at the broader picture, it’s apparent that Cost Accountants are highly qualified to handle taxation and tax audits. Their training in Income Tax Law, coupled with their experience in managing costs and ensuring compliance, positions them as equals to other accounting professionals. Therefore, it seems only fair and logical that Cost Accountants be included in the definition of Accountant within the Income Tax Bill - 2025. This would provide a clear reflection of modern accounting practices and ensure that the role of CMA professionals is duly recognized within the legal framework of taxation. | 25-02-2025 |
| SWATHI PENNAM | Others | ANDHRA PRADESH | Observing the practices of accounting professionals around the world, it is clear that the role of Cost Accountants has evolved to encompass not only cost management but also significant aspects of taxation and tax audits. Many countries recognize Cost Accountants as equals to other accounting professionals, particularly when it comes to handling complex tax matters. Therefore, it makes sense to align India's Income Tax Bill - 2025 with global standards by including CMA professionals under the definition of Accountants. This would not only ensure that their contribution to tax compliance is recognized but would also enhance India’s position as a progressive nation with a well-defined accounting and taxation framework. | 25-02-2025 |
| PRADEEP KATTA | Others | ANDHRA PRADESH | As someone who values the importance of clear professional recognition, I strongly support the inclusion of Cost Accountants (CMAs) in the definition of Accountant under the Income Tax Bill - 2025. Over the years, CMA professionals have demonstrated deep expertise in the areas of taxation, tax audits, and financial management. Their specialized knowledge in these areas qualifies them to carry out tasks that are integral to the financial health of an organization and the economy at large. By acknowledging them as Accountants, the law would more accurately reflect their skills and ensure that they are afforded the same recognition as other accounting professionals. | 25-02-2025 |
| SIVARAM CHAVA | Others | ANDHRA PRADESH | In my view, the definition of Accountant in the Income Tax Bill - 2025 should be inclusive of Cost Accountants, who possess specialized knowledge in taxation and tax audits. Including them will ensure that the profession is more comprehensive and that all qualified professionals are recognized accordingly. | 25-02-2025 |
| KARTHIK VARMA DATLA | Others | HYDERABAD | Having observed the increasing demand for professionals capable of managing complex tax and financial matters, I fully support the inclusion of Cost Accountants in the definition of Accountant under the Income Tax Bill - 2025. Their qualifications and contributions are indispensable in today’s tax system. | 25-02-2025 |
| VENKATA RAMARAJU KUCHARALAPATI | Others | ANDHRA PRADESH | As an observer of the accounting profession, it is evident that Cost Accountants are equipped with the same level of expertise in taxation as other accountants. Therefore, I strongly support the request for their inclusion in the definition of Accountant in the Income Tax Bill - 2025 | 25-02-2025 |
| SOMASEKHARAM BANDA | Others | ANDHRA PRADESH | As someone observing the development of India’s tax and financial systems, I feel that Cost Accountants have demonstrated sufficient expertise in taxation and should be formally included in the Income Tax Bill - 2025 as Accountants. This would ensure their full participation in the country's economic development | 25-02-2025 |
| DINESH DEVIREDDY | Others | HYDERABAD | From an outsider’s viewpoint, it is clear that Cost Accountants (CMAs) possess the necessary skills to handle taxation, tax audits, and financial reporting. I believe their inclusion in the legal definition of Accountant would enhance the overall functioning of the taxation system in India. | 25-02-2025 |
| HARIKA VENKATA LAKSHMI UDDARAJU | Others | ANDHRA PRADESH | As an individual who recognizes the importance of inclusive professional recognition, I firmly support the inclusion of Cost Accountants in the definition of Accountant under the Income Tax Bill - 2025. Their expertise in taxation and financial management deserves to be acknowledged alongside other accounting professionals. | 25-02-2025 |
| Abhinav Kumar | Member | Ranchi | CMA should also get tax audit. | 25-02-2025 |
| JITENDRIYA MOHANTY | Member | Bhubaneswar | We are so capable to handle Tax laws | 25-02-2025 |
| Dhivyaganapathy | Student | Tamilnadu | 25-02-2025 | |
| Narayan Raghunath Ghule | Member | Pune | 25-02-2025 | |
| Tushar | Student | Delhi | 25-02-2025 | |
| pranay kumar | Student | Odisha | 25-02-2025 | |
| Basudev Bisoi | Student | Cuttack | I support | 25-02-2025 |
| Dhivakar | Puducherry | We need the recognition for the CMA | 25-02-2025 | |
| Subrahmanya Hegde | Student | Bengaluru | The All India Cost & Management Accountants Association (AICMAA) is advocating for the inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the Income Tax Bill 2025. | 25-02-2025 |
| Dishani Das Choudhury | Student | Shillong, Meghalaya | I support the cause | 25-02-2025 |
| Madhumitha | Villianur | We need the recognition for the CMA | 25-02-2025 | |
| Lohitha | Puducherry | We need the recognition for the CMA | 25-02-2025 | |
| Jayashree | Pondicherry | We need the recognition for CMA | 25-02-2025 | |
| Varun Patwa | Member | Delhi | CMA should be included in the definition of accountant | 25-02-2025 |
| J lalit patra | Student | Berhampur/odisha | Cma should included in the definition of accountant because their in-depth knowledge in income tax law, transfer pricing, corporate law make them well equipped to contribute direct tax compliance as well. | 25-02-2025 |
| NigarJahan | Student | Kolkata | Please include Cost accountant in the definition of accountant | 25-02-2025 |
| BATAKRISHNA MOHAPATRA | Member | Bhubaneswar | Cost Accountants should include in the definition of Accountant. In comparison with CAs, there's no any cause for excluding CMAs in tax audit,i feel it is only power of lobby of CAs & they influence to politician and the government to exclude CMAs for their monopoly market.Goverment should understand these thing. For easy doing business, professional person in practice level should be increase without monopoly. New business start-up also day to day increase which is good sign for future India,so it is very very necessary to include cost accountants for future growth of india. | 25-02-2025 |
| Akhil Goyal | Student | Chhattisgarh | Having the capability to do so. | 25-02-2025 |
| Indramani Meher | Others | Balangir Odisha | Support it | 25-02-2025 |
| Pitambar Nag | Others | Balangir Odisha | I support it | 25-02-2025 |
| Ashish Maheshwari | Surat | I am qualified CMA doing well with my job, I am in support with the other members & Students who want to enroll their career in tax & tax audit field and also trained in the same field with their keen interest in same field. So I support and want to get inclusion of CMA's also for Tax Audit. | 25-02-2025 | |
| BIJAYLAXMI BEHERA | Member | Bhubaneswar | I support the cause. | 25-02-2025 |
| Utkarsh Gupta | Student | Unnao/Uttar Pradesh | If it's being taught in the curriculum then it's shouldn't be a question to ask! | 25-02-2025 |
| NITISH KUMAR SHARMA | Student | KOLKATA | As a CMA Final student, I strongly support the inclusion of Cost and Management Accountants (CMAs) in the New Income Tax Act-2025. CMAs play a crucial role in financial management, cost control, and taxation, contributing significantly to the country's economic framework. Recognizing CMAs in the new tax law will ensure a broader, more efficient tax compliance system while utilizing our expertise in direct and indirect taxation. I urge the authorities to consider this petition and provide CMAs with the recognition they rightfully deserve. | 25-02-2025 |
| Sayantan Das | Student | West Bengal | 25-02-2025 | |
| Mohan Gawade | Student | Mumbai | Include cost Accountant in defination of Accountant under proposed income tax bill 2025 | 25-02-2025 |
| Naman Maru | Student | Mumbai - Maharashtra | We respectfully petition to amend the definition of 'accountants' in the new DTC bill to include Cost and Management Accountants (CMAs) alongside Chartered Accountants (CAs). The syllabus and training requirements for CMAs are substantially similar to those of CAs, with a focus on financial management, accounting, and taxation. As a result, CMAs possess equivalent expertise and competencies, enabling them to provide similar services to CA's. | 25-02-2025 |
| GUTTIKONDA MAHABOOB SUBHANI | Member | Hyderabad | WE CMA S HAVE REQUISITE TRAINING AND EXPOSURE TO BE CONSIDERED AS ACCOUNTANT UNDER INCOME TAX | 25-02-2025 |
| Phani kiran | Others | Delhi | 25-02-2025 | |
| Shaikh Rozi | Student | Maharashtra | I support | 25-02-2025 |
| Ratheesh Kumar | Member | Ernakulam | Cost and Management Accountants also possess the same quality in academics and professional expertise to be included as Accountants | 25-02-2025 |
| Balaji Sunkara | Others | Pune | I am a central govt employee and I strongly support this petition | 25-02-2025 |
| Ritesh Singh | Others | Maharashtra | Tax audit to be given to all profession CA monopoly is harming our nation | 25-02-2025 |
| M Satish | Others | Visakhapatnam | I support the cause!! CA's should not have monopoly on tax audits | 25-02-2025 |
| Gopal | Member | Morni | It must be in the same way as it required. | 25-02-2025 |
| Alex.R | Others | Tamilnadu | 25-02-2025 | |
| Anil Kumar Goyal | Member | Guwahati | 25-02-2025 | |
| Rimpi Murpana | Student | Mumbai - Maharashtra | Support | 25-02-2025 |
| Vedika Sethi | Student | Guwahati | 25-02-2025 | |
| Arun Mehra | Member | Gurgaon | It is fair that CMAs get their due! | 25-02-2025 |