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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 |
---|---|---|---|---|
Rohit Routh | Student | Durgapur | We should also be given that chance if you see ,its not that everytime CA has a credibility to perform those high Profile work but also We are learning That Similar thing we may not have that much Papers in our Schedule but we are also Prepared for these. | 01-03-2025 |
Ranjit kumar ray | Others | Siliguri | Yes it should be included in the definition of accountant | 01-03-2025 |
Avinash Ray | Student | Siliguri | It should be included in the definition of cost accountant | 01-03-2025 |
Rajashree kalita | Student | Guwahati | 01-03-2025 | |
Nitima Singh | Student | Lucknow | As a professional it is our right to perform all the related works which we have thoroughly studies! And there is no difference in syllabus of cma and ca in context of Income tax! Also we have worked on every areas during our trainings! Please consider our profession reliable conduct of practices so that it provides us equal opportunity to provide Income tax Audit & related works! | 28-02-2025 |
Bijoy Bhowmick | Member | West Bengal | CMA should be included in the definition of Accountant in the Income tax act | 28-02-2025 |
Kushagra bendre | Student | Nagpur | Including CMAs in tax audit may reduce the burden of Central government for making policies for tax invasion. | 28-02-2025 |
Shivanjali suman | Others | Daltonganj Jharkhand | Very necessary for better competition and India’s better economy enhancement within professionals as included in accountant definition of new income tax code bill. | 28-02-2025 |
Dinesh Kumar Kalantri | Member | Mumbai | CMA must be included in the definition of Accountant as per Income Tax Act and I support the cause | 28-02-2025 |
Ashajain | Student | Rajasthan | 28-02-2025 | |
Anand Kumar Pandey | Member | Ranchi | Income Tax Audit | 28-02-2025 |
Srijit Thakur | Member | Kolkata | 28-02-2025 | |
Deep Jyoti gogoi | Student | North lakhimpur | I strongly believe that both CA AND CMA is equivalent | 28-02-2025 |
Raviteja Gorjirla | Student | Hyderabad | The Income Tax Bill 2025 has sparked a controversy by excluding Cost Accountants (CMAs) from the definition of 'Accountant' for tax audits. The Institute of Cost Accountants of India (ICMAI) has been advocating for the inclusion of CMAs in the definition of "Accountant" for over five years ¹. The ICMAI argues that CMAs should be recognized as accountants under the Income Tax Bill 2025, citing their expertise in taxation, compliance, and financial analysis ². They point out that CMAs are already recognized as internal auditors under the Companies Act 2013 and are authorized to conduct statutory financial audits under various state legislations. The exclusion of CMAs from the definition of "Accountant" may limit competition in the field of taxation and auditing, as only Chartered Accountants (CAs) are currently recognized as accountants under the bill ¹. The ICMAI is urging the government to reconsider the definition of "Accountant" to include CMAs and promote a more inclusive and competitive tax ecosystem. *Key Points:* - *Exclusion of CMAs*: The Income Tax Bill 2025 excludes Cost Accountants (CMAs) from the definition of "Accountant" for tax audits. - *ICMAI's Advocacy*: The Institute of Cost Accountants of India (ICMAI) has been advocating for the inclusion of CMAs in the definition of "Accountant" for over five years. - *Expertise of CMAs*: CMAs have expertise in taxation, compliance, and financial analysis, making them capable of contributing effectively to India's evolving tax regime. - *Recognition under Other Laws*: CMAs are recognized as internal auditors under the Companies Act 2013 and are authorized to conduct statutory financial audits under various state legislations. | 28-02-2025 |
Aditya K | Member | Hyderabad | 28-02-2025 | |
Suresh Pimple | Member | Chh.Sambhajinagar | Representation as above! | 28-02-2025 |
ARIJITA ROY | Student | KOLKATA | A CMA HAS COMPLETE KNOWLEGDE OF DIRECT TAX AND GST JUST LIKE CA AND CS. MANY CMAS HAVE BEEN PRACTICING IN TAX FIELDS FOR SEVERAL YEARS. THEIR COURSE CONTENT IN INTERMEDIATE AND FINAL HAVE THE SAME MATERIAL LIKE OTHER PROFESSIONAL COURSES IN DIRECT TAX AND GST. | 28-02-2025 |
Vivek Ganjeer | Student | Kanker | 28-02-2025 | |
SK D BASHA | Student | Hyderabad | I was strongly support CMA should include in New Income Tax Bill | 28-02-2025 |
Anushree Hegde | Student | Sirsi | 28-02-2025 | |
Vvd | Student | lsbadalswain@reliance.com | Vvsvs | 28-02-2025 |
Dilip | Student | Odisha | Done | 28-02-2025 |
Tophan Kumar swain | Aska | Done | 28-02-2025 | |
Muskan Jain | Student | Agra | 28-02-2025 | |
Stuti Mukherjee | Student | kolkata | Inclusion of *Cost Accountants* in the Definition of " *Accountants* " under the proposed Income Tax Bill -2025. | 28-02-2025 |
CMA Srushti Bedekar | Member | Aurangabad Maharashtra | 28-02-2025 | |
C.Naveen Rao | Member | Hyderabad | I am supporting Inclusion of CMA in Income tax Act "Accountant" | 28-02-2025 |
Ashish Suryawanshi | Student | Bhopal | To get equivalent values and recognition in industry, cost accountants should be defined as Accountants. | 28-02-2025 |
Anshid rahman | Student | Malappuram | 28-02-2025 | |
Gajendra kumar sahu | Student | Korba Chhattisgarh | 28-02-2025 | |
Kundan Shaw | Student | Kolkata | Inclusion of CMAs in new Income tax bill-2025 is mandatory for the vide scope of CMAs in future as well as for tax simplification and other opportunities. | 28-02-2025 |
Vaibhav Sharma | Student | Kharagpur | I support | 28-02-2025 |
VINEEJA VINAYAN | Student | Kerala | 28-02-2025 | |
Pratik Jadhav | Pune | 28-02-2025 | ||
Vaishnavi Sonwane | Student | Pune Maharashtra | Include cma in new income tax act | 28-02-2025 |
Anee kumar Dwivedi | Student | Rewa | Kindly provide the right on basis of qualification and competence | 28-02-2025 |
Geetu khurana | Member | Rohtak | The CMA works at Par or sometimes more than CA. Equal opportunity to be given to CMA members to perform tax audit rather than reserving it exclusive to CA fraternity..this will add competition and which will be good for overall due diligence of businesses | 28-02-2025 |
Ittika Ghorui | Student | Hooghly | Requesting to include the Cost Accounts in the definition of Accountants. | 28-02-2025 |
V. BALASUBRMANI | Member | CHENNAI | COST ACCOUNTANTS SAHLL BE INCLUDED IN THE IT ACT AS ACCOUNTANT | 28-02-2025 |
SHAMBHU KUMAR SHAHU | BAGODAR | 28-02-2025 | ||
JS Arathy | Student | Trivandrum /Kerala | No comment | 28-02-2025 |
Manju | Member | Gafoornagar | Please allow CMAs also to do all related Audits | 28-02-2025 |
ICIYA SHARMI | Student | Chennai | 28-02-2025 | |
somveer singh | Bijnor | 28-02-2025 | ||
murtuza hussain | Member | hyderabad | For Petition for Inclusion of CMA in New Income Tax Act-2025 | 28-02-2025 |
Abin john | Student | Kerala | 28-02-2025 | |
Manshi jha | Student | Noida | 28-02-2025 | |
Sahil singh | Student | noida | Requesting for Addition of CMA in the new era of Tax Audit for betterment of society and a crystal clear compliance. | 28-02-2025 |
Divya prakash | Student | Noida / Uttar Pradesh | Requesting for Addition of CMA in the new era of Tax Audit for betterment of society and a crystal clear compliance | 28-02-2025 |
Suman | Student | Jaipur | 28-02-2025 |