13407
Upvotes & counting...

Approved Support Records

Name Category City Message Date
Saurav Bhowmick Student Arambagh 20 Feb 2025, 01:22 PM
Ismail khan Student Ambarnath 20 Feb 2025, 01:22 PM
Atishay Jain Student Uttarakhand Being a CMA Final Student,as of now what I observed as per the contents of Direct and international Taxation ,Cost Accountants shall also be included in the Definition of Accountant as per sec 515(3)(b) of the proposed Income Tax Bill 2025. 20 Feb 2025, 01:22 PM
Paban kharka Student Shonitpur We study tax so as CA does.We study whole syllabus of tax and appear in exam.But there is no right of CMA in tax audit.So I cordially request you to include CMA in the definition of Accountant. 20 Feb 2025, 01:22 PM
Suriyanarayanan Student Kanchipuram As CMA syllabus covers all the provisions of Direct taxation and have in depth knowledge relating to income tax but till now CMA is not added as a accountant in the definition as per new income tax bill. So I'm in a support of CMA community to get authority for tax audit 20 Feb 2025, 01:21 PM
Tipu Sultan Azhar Member RANCHI Why the reservation is given to CA, it's a business ant it should be open to all and competent one got the job as per requirement 20 Feb 2025, 01:21 PM
JYOTI KUMARI Student BOKARO STEEL CITY We are eligible for tax audit, CMA fertnity deserves to be included as accountant definition in order to conduct tax audit. 20 Feb 2025, 01:21 PM
Roshni kumari Student West Bengal I support the bill.. 20 Feb 2025, 01:21 PM
S Rohan Member Hyderabad We Cost and Management Accountants Demand inclusion of CMA in Accountant Definition 20 Feb 2025, 01:21 PM
Ashutosh Sharma Member Ludhiana 20 Feb 2025, 01:20 PM
VINOTHINI. V Student Nagapattinam(D.T). Respected Sir/Madam,
20 Feb 2025, 01:20 PM
Shailesh Kumar Gupta Member Ranchi I hope that current govt will think in this direction in a broader way like they are moving ahead in their foreign policies and create new dimensions for accountant 20 Feb 2025, 01:20 PM
Sandra John Others Thrissur 20 Feb 2025, 01:20 PM
Deepak Rajbhar Others Dhanbad 20 Feb 2025, 01:20 PM
SUMANTRA BHATTACHARYA Member BERHAMPORE, WEST BENGAL COST ACCOUNTANT HAVE TO BE INCLUDED IN THE DIFINITION OF ACCOUNTANT FOR BENFIT OF SOCIETY AND FOR DEVELOPING NEW INDIA. 20 Feb 2025, 01:19 PM
Vivek Kumar Das Student West Bengal 20 Feb 2025, 01:19 PM
KRISHNA JANGID Student Jaipur Allowing CMAs in tax audits will enhance compliance, improve audit quality, reduce workload on existing professionals, and create more opportunities, strengthening India’s financial and regulatory system. 20 Feb 2025, 01:19 PM
Nikita Kumari Student Bokaro Steel City Please consider us also . 20 Feb 2025, 01:19 PM
Abhishek Raj Others Dhanbad 20 Feb 2025, 01:19 PM
Shashikanth Gadadi Member Belgavi 20 Feb 2025, 01:18 PM
mohamed Student chennai i support 20 Feb 2025, 01:18 PM
Sourav Ganguly Student Kolkata 20 Feb 2025, 01:18 PM
Amar Pal Member Delhi CMA having the professional qualification and perfect to be included in income tax act-2025 and included in the definition in accountant. 20 Feb 2025, 01:18 PM
K NAVEEN KUMAR Student Bangalore 20 Feb 2025, 01:18 PM
Kunal Kumar Shaw Student Kolkata Cma Final 20 Feb 2025, 01:18 PM
Krutika Dhanukar Student Mumbai 20 Feb 2025, 01:18 PM
Srajit Kumar Mallick Student Angul 20 Feb 2025, 01:18 PM
Prithwi Biswas Student Kolkata I strongly support this 20 Feb 2025, 01:17 PM
Anita Kumari Singh Student West Bengal As a CMA final students it's very disheartening that even though we are studying same syllabus as CA students and giving years of hardwork yet we are not included in the definition of accountant. 20 Feb 2025, 01:17 PM
Priyanjali maurya Others Uttar pradesh (Mau) 20 Feb 2025, 01:17 PM
NILESH MOHANLAL GUPTA Student NASHIK 20 Feb 2025, 01:17 PM
Saranga Goswami Student Assam Inclusion of Cost Accountant in the definition of Accountant 20 Feb 2025, 01:17 PM
Madumitha E Student Pondicherry Yes, I support this. We should also include in the definition of ACCOUNTANT 20 Feb 2025, 01:17 PM
REENA RANJIT PRASAD GUPTA Student Mumbai City I would like to support that the Cost & management accountant should be include in Accountant definition of New Income Tax Act -2025 20 Feb 2025, 01:16 PM
Jeni Minj Student Koriya Yes,I agree that inclusions of Cost Management Accountant in the definition of 'Accountant' as we also have almost same subject and practical knowledge of tax as well.We can also contribute our expertise for our country and it will be a great opportunity to do a work for our country. 20 Feb 2025, 01:16 PM
R Vijayakumar Student Chennai Tamil Nadu I support 20 Feb 2025, 01:16 PM
Mohd Farhan Siddiqui Student Durg/Chhattisgarh Yes,I support the cause 20 Feb 2025, 01:16 PM
Subodh kumar Member Ranchi/jharkhand I support for inclusion of CMA in definition of "Account ". 20 Feb 2025, 01:16 PM
Roshni Ramesh Others Erode,Tamil Nadu CMA’s has to be included in the New Income Tax Act 2025 20 Feb 2025, 01:16 PM
Vikas Student Haryana 20 Feb 2025, 01:16 PM
Abhishek Popli Student New Delhi Central CMA should be included in the definition of accountant as we too play an integral role in the country's economy. We, too have the equal academic Qualification and skills for conducting tax audit. 20 Feb 2025, 01:15 PM
Ravi Student Delhi "The inclusion of Cost Accountants in the definition of 'Accountant' under Section 515(3)(b) of the proposed Income Tax Bill 2025** is essential for ensuring fairness, recognition, and broader professional opportunities. Cost Accountants play a crucial role in financial reporting, tax compliance, and cost management, contributing significantly to the economy. I strongly support this petition and urge the Parliament to acknowledge and include Cost Accountants in the definition of 'Accountant'. Let’s unite and make our voices heard! 20 Feb 2025, 01:15 PM
Vicky shaw Student Kolkata 20 Feb 2025, 01:15 PM
Janani K Student Chennai 20 Feb 2025, 01:15 PM
Devanshu Gupta Student Delhi As CMA students are provided a detailed and vast knowledge about income tax . So CMA should be included in the definition of accountant for considering TAX Audit 20 Feb 2025, 01:15 PM
Dushyandh Student Chennai Tamilnadu 20 Feb 2025, 01:14 PM
Ritik Kheria Student Durgapur I am a CMA final student and i am comptent enough for Income Tax and i want Cma to be included in the definition of accountant. 20 Feb 2025, 01:14 PM
Bhawana Pandey Student Mumbai 20 Feb 2025, 01:14 PM
Ayush Sinha Others Dhanbad Everyone should be given equal playing field if they are capable enough regardless of the who they are(CA/CMA) 20 Feb 2025, 01:14 PM
Priya Singh Student Durgapur 20 Feb 2025, 01:13 PM
Prithiviraj Student Puducherry 20 Feb 2025, 01:13 PM
Ashokkumar P Student erode please dont give up because we represent our profession very strongly,tax audit is not for charted accountant property we are also study income tax broadly with indepth knowledge and interpret the tax laws very efficiently so we want added to be accountant meaning in the new income tax bill it is the last chance for our profession so dont giveup 20 Feb 2025, 01:13 PM
Rakesh tiwari Member Vapi/Gujarat 20 Feb 2025, 01:13 PM
Subodh kumar Ranchi/jharkhand 20 Feb 2025, 01:13 PM
Geetha Others Chennai 20 Feb 2025, 01:13 PM
Shubham Vishvakarma Student ALLAHABAD We have seen that in many cases such things have happened where tax audit is not done properly.
Allowing CMAs in tax audits will enhance compliance, improve audit quality, reduce workload on existing professionals, and create more opportunities, strengthening India’s financial and regulatory system.
20 Feb 2025, 01:13 PM
Ankita Roy Student Durgapur/ West Bengal Yes! I support the cause 20 Feb 2025, 01:13 PM
Gopika Student Tiruvannamalai 20 Feb 2025, 01:11 PM
Jaisudhan Sivakumar Student Tuticorin We (CMA) are going through the same subjects study curriculum as CA then why CA only to be in definition of Accountant and we strongly possess skills which plays key role as accountants and we(CMA) need to be in Accountant definition! 20 Feb 2025, 01:10 PM
Hukumvaishnav Student Mumbai 20 Feb 2025, 01:10 PM
Anmol Gola Student Delhi 20 Feb 2025, 01:09 PM
Piyush Student Hisar/Haryana I'm a CS PROFESSIONAL & CA INTERMIDIATE STUDENT

"I strongly support the inclusion of Company Secretaries (CS) and Cost & Management Accountants (CMA) in the Income Tax Act for conducting tax audits. Our syllabus and curriculum comprehensively cover all aspects of taxation, equipping us with the necessary expertise to perform tax audits efficiently and professionally."
20 Feb 2025, 01:09 PM
Sayan Dutta Student DURGAPUR I vote for the inclusion of CMAs in the defination of accountants . 20 Feb 2025, 01:09 PM
Gunjan Agarwal Student Raniganj 20 Feb 2025, 01:09 PM
Adarsh Prakash Student Dhanbad 20 Feb 2025, 01:09 PM
CMA D V S Swaroopa Member Berhampur I support for the inclusion of CMA in the definition of "Account ". 20 Feb 2025, 01:09 PM
Aditya raj Student Yes I support the casuse 20 Feb 2025, 01:08 PM
Kailash Manimozhian Student Melur 20 Feb 2025, 01:08 PM
Aamir Hussain Student Begusarai I request you to INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX BILL-2025 20 Feb 2025, 01:08 PM
S BIJAYA Student Bhubaneswar I support the initiative..pls add cma in accountant terms. 20 Feb 2025, 01:08 PM
Ankit kumar Student gaya Tax audit must be include in cma profession. 20 Feb 2025, 01:07 PM
Subha Paul Student Kolkata Yes, I support 20 Feb 2025, 01:07 PM
Kaleendra Kumar Yadav Member Patna 20 Feb 2025, 01:07 PM
Ishita Kumari singh Ranchi/Jharkhand I support for inclusion of CMA in definition of "Account ". 20 Feb 2025, 01:06 PM
CMA SOMANATH SUBUDHI Member BHUBANESWAR/ODISHA 20 Feb 2025, 01:06 PM
S.Sandhya Rani Berhampur 20 Feb 2025, 01:06 PM
Saloni Rajput Student Ahmedabad 20 Feb 2025, 01:06 PM
Keerthana A Student Chennai Kindly include cost accounting 20 Feb 2025, 01:06 PM
Sneha Shukla Student Bokaro Steel City As CMA is also professional and equivalent to CA in all aspects then why there is difference in tax related aspects. New tax act must give us this recognition. 20 Feb 2025, 01:05 PM
Udhaya Kumar Others Ponnaravathi Please include the word 'Cost Accountants' in the definition of Accountants in the New Income Tax Bill 2025 20 Feb 2025, 01:05 PM
ABHIJIT SAHA Member KOLKATA I SUPPORT THE CAUSE 20 Feb 2025, 01:05 PM
Deepali Satyawan Tike Student Navi Mumbai 20 Feb 2025, 01:04 PM
Amir Hamza Member Dhanabd 20 Feb 2025, 01:04 PM
Bikram Singh Member Ranchi Jharkhand 37039 20 Feb 2025, 01:03 PM
Baliram Shaw Member West Bengal (Hooghly) Kindly add Cost & Management Accountants in the definition of "Accountant " 20 Feb 2025, 01:03 PM
Mohit Dipan Kotak Student Mumbai CMA are Competent enough to be included in the definition of Account 20 Feb 2025, 01:03 PM
CMA C V V Subrahmanyam Member Andhrapradesh Support to include Accountant cost accountants too 20 Feb 2025, 01:03 PM
Febin Noushad Student Haripad 20 Feb 2025, 01:03 PM
CHARANJIT SINGH Student NAYA NANGAL SUPPORT 20 Feb 2025, 01:02 PM
Debasis Jena Student Bhubaneswar 20 Feb 2025, 01:02 PM
CMA Arvind Kumar Tiwari Member Jorhat Yes, CMA are accountants. 20 Feb 2025, 01:02 PM
Amit Student Delhi Respected Sir/Madam,

I Amit, a concerned citizen and professional in the field of accounting, hereby submit this petition to request the inclusion of Cost Accountants as recognized professionals under the new tax code. This inclusion is vital to ensuring enhanced financial transparency, accuracy in tax filings, and promoting more effective cost management within Indian businesses.

1. Introduction
The formulation of a new tax code presents a significant opportunity to reform and modernize the way businesses and individuals comply with tax regulations in India. As part of this reform, it is crucial to recognize the specialized role that Cost Accountants play in the effective management of financial resources. These professionals are essential in calculating, controlling, and reporting costs, all of which directly impact the financial health of an organization and the accuracy of its tax obligations.

Currently, while general accountants and auditors are recognized under the tax code, the role of cost accountants is often overlooked despite their increasing importance in modern financial management. Cost accountants have specialized expertise that is particularly crucial for determining taxable income, managing cost-related deductions, and ensuring businesses follow correct cost allocation procedures to comply with tax regulations.

2. Role of Cost Accountants in Business and Financial Management
Cost accountants play a pivotal role in business operations by providing detailed analysis of costs that affect the pricing, profitability, and financial reporting of companies. Their core responsibilities include:

Cost Control and Efficiency: Ensuring that organizations minimize waste and optimize the allocation of resources to maintain profitability while complying with tax regulations.

Cost Allocation for Financial Reporting: Accurate allocation of direct and indirect costs is critical for businesses to calculate their taxable income correctly. Cost accountants help ensure this process aligns with both corporate goals and tax regulations.

Budgeting and Forecasting: Cost accountants aid in preparing financial forecasts and budgets that are essential for managing both operational costs and tax liabilities effectively.

Pricing and Decision-Making: With their deep understanding of cost structures, cost accountants assist in setting competitive prices that consider both cost recovery and tax efficiency.

3. The Necessity of Recognizing Cost Accountants in the Tax Code
Inclusion of Cost Accountants in the new tax code will lead to numerous benefits for both businesses and the tax authorities:

Enhanced Financial Transparency: Cost accountants specialize in ensuring accurate financial reporting and cost allocations. Their expertise can help businesses achieve a higher degree of transparency, making it easier for tax authorities to assess whether tax obligations are being met properly.

Accurate Tax Calculations: A cost accountant's role in determining the correct amount of deductible expenses and allocating costs appropriately ensures that taxable income is accurately reported, reducing errors that can lead to disputes with tax authorities or penalties.

Improved Compliance: By formally recognizing cost accountants in the tax code, businesses will be encouraged to integrate cost accounting practices into their tax planning. This integration will promote better adherence to tax laws and regulations, ultimately contributing to the nation's revenue generation.

Support for Business Growth and Development: Cost accountants support companies in optimizing their operations, which often leads to improved profitability. Their role in efficient cost management also provides businesses with the resources to reinvest in their operations and expand, ultimately benefiting the economy.

4. Global Trends and Recognition of Cost Accountants
Internationally, many developed economies recognize the role of cost accountants in shaping effective tax policies and ensuring financial integrity. Countries such as the United States, the United Kingdom, and Australia have frameworks that include cost accountants as key stakeholders in business financial management, particularly with respect to tax filings. This recognition aligns with global best practices and can further strengthen India’s position in the global economic landscape.

5. Conclusion and Request for Consideration
In conclusion, the role of Cost Accountants is not only fundamental in managing the internal financial health of businesses but also crucial in ensuring tax compliance. Their expertise in cost allocation, financial reporting, and tax planning makes them valuable contributors to accurate tax filings and financial transparency.

Therefore, I kindly urge the Honorable Members of the Lok Sabha to consider this petition and advocate for the inclusion of Cost Accountants in the new tax code. By formally recognizing them as professionals who directly impact the efficiency and accuracy of tax calculations, we can ensure that India’s tax system becomes more transparent, reliable, and business-friendly.

I request your esteemed office to take immediate steps to incorporate this crucial change in the upcoming tax reforms.

Thank you for your consideration.

Sincerely,

Amit
20 Feb 2025, 01:02 PM
Mujahid Alam Student Mumbai, Maharashtra I'm currently a CMA aspirant having keen interest in taxation but the rules are not supporting me neither my dream of becoming a certified tax auditor. I request the Authorities to help me and my dream by including CMA Profession in the definition of Accountant in (New) Income Tax Act. Thank You 20 Feb 2025, 01:02 PM
Parthasarathee Nayak Member Bhubaneswar 20 Feb 2025, 01:02 PM
CMA Rajesh Kumar Trivedi Member Kanpur Cost Accountants are expert in cost calculation, cost management, analysis of financial statements. Cost Accounting, in fact, is the critical analysis of financial performance of any entity. That's why Cost Accountants have more expertise in Financial Accounting than any other professionals. Cost Accountants are eligible for Cost Audit. Cost Audit requires critical, detailed and comprehensive understanding of Financial Accounting. They are well versed with the audit procedures and Accounting and Auditing Standards and Practices. They are expert and have deep knowledge and experience in Direct and Indirect Tax and other relevant laws. So, we strongly demand to include Cost Accountants (CMAs) under the definition of Accountants in proposed Income Tax Bill. Non- inclusion of Cost Accountants will not only discourage the professional motive, but also will abolish the healthy competition and national economic objectives set by our beloved Prime Minister. 20 Feb 2025, 01:02 PM
Aryan Singh Student Ranchi I support to add CMA in the definition of Accountant under New Income tax bill proposed by Nirmala Sitharaman Ma'am 20 Feb 2025, 01:02 PM
Kundan Kumar Member Ranchi I sincerely admit that CMAs are the most prominent pictures in the field of accounting & taxation. Through Years, CMAs serve as a benchmark for good decision making and strict compliances. CMAs play a pivotal role in achieving good governance through fair and accountable reporting. The policy makers while framing any code related to Taxation, audit & accounts, they should give recognition to this respected profession as honour for serving the nation for so long. 20 Feb 2025, 01:01 PM
Sivaprasad Raghavan Member kerala 20 Feb 2025, 01:01 PM
Kartik kishan Student Chandigarh 20 Feb 2025, 01:01 PM
Kavya Student Visakhapatnam 20 Feb 2025, 01:01 PM