Name | Category | City | Message | Date |
---|---|---|---|---|
Ajay Dattatray Bhabad | Student | Mumbai | 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, 12:43 PM |
BALAI CHANDRA NATH | 20 Feb 2025, 12:43 PM | |||
Samshad Ali | Student | (Siwan)Bihar | 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, 12:42 PM |
Aditya Kumar | Student | Noida | I support to add CMA in the definition of Accountant under New Income tax bill proposed by Nirmala Sitharaman mam | 20 Feb 2025, 12:42 PM |
Ganesh Singh | Member | Kolkata | I support for inclusion of CMA in definition of "Account ". | 20 Feb 2025, 12:42 PM |
BAKUL MALLICK | Others | Pune | I support this | 20 Feb 2025, 12:42 PM |
Keshav Periwal | Student | West Bengal | 20 Feb 2025, 12:42 PM | |
Vranda Maheshwari | Student | Gurgaon | I support the cause. | 20 Feb 2025, 12:42 PM |
SOMNATH GHOSH | Others | WEST BENGAL, KOLKATA | I hope that the policymakers address these concerns and include CMAs in the Income Tax Bill, allowing them to play an equal role in the country's economic and financial growth. | 20 Feb 2025, 12:41 PM |
Abhishek Kumar Agrawal | Member | Ranchi | Affirmed. | 20 Feb 2025, 12:41 PM |
ATAUR RAHAMAN | Others | Kolkata | As a taxpayer I have to do my Tax Audit. All my GST return file and Accounting are done by a CMA Just because CMA don't have the right to do TAX Audit the same is done by a CA. I think CMAs are capable of tax audit and they should have the right to do so. | 20 Feb 2025, 12:41 PM |
S AMIT KUMAR PRUSTY | Member | Hyderabad | I support the inclusion of CMA in the definition of Accountant in as per Income Tax Act. | 20 Feb 2025, 12:41 PM |
Priyanka Das | Member | Duliajan | 20 Feb 2025, 12:41 PM | |
Abhaya Kumar Das | Member | PARADEEP | Yes,I support. | 20 Feb 2025, 12:41 PM |
Vishnupriya | Student | Ernakulam | 20 Feb 2025, 12:40 PM | |
VIKKY | Student | UTTAR PRADESH | ToThe Hon’ble Speaker,Lok Sabha / Rajya Sabha,Parliament of India,New Delhi. Subject: Petition for Inclusion of "Cost Accountant" in the Definition of "Accountant" under the Income Tax Bill 2025 Respected Sir/Madam, I, the undersigned CMA student and concerned stakeholder, respectfully submit this petition to seek an amendment in the proposed Income Tax Bill 2025 to include "Cost Accountant" within the definition of "Accountant." Background & Justification The current definition of "Accountant" under the Income Tax Act primarily recognizes Chartered Accountants (CAs), thereby restricting the role of Cost Accountants in tax-related matters. Cost Accountants, registered under The Cost and Works Accountants Act, 1959 (now The Cost and Management Accountants Act, 2021), possess expertise in taxation, financial management, cost auditing, and compliance. Given the evolving complexity of financial regulations and taxation, recognizing CMAs as eligible professionals for tax audits and certifications will: Strengthen the financial reporting and compliance ecosystem. Enhance efficiency in taxation processes. Provide businesses with a broader range of qualified professionals for financial attestation. Ensure parity and equal opportunity among qualified accounting professionals. Request for Amendment I urge the Hon’ble Parliament to amend the definition of "Accountant" in the Income Tax Bill 2025 to explicitly include "Cost Accountant" along with "Chartered Accountant." Such an amendment will align with global best practices, where cost and management accounting professionals are entrusted with taxation responsibilities. Conclusion In light of the above, I humbly request the Parliament to consider this petition and take necessary legislative action to amend the relevant provisions. Recognizing Cost Accountants as eligible professionals under the Income Tax Act will contribute significantly to India's financial and economic governance. I look forward to your positive response and am willing to provide further justifications, representations, or discussions as required. Respectfully submitted,VIKKY CMA Student20FEB,2025 |
20 Feb 2025, 12:40 PM |
ANJAN GANGULY | Others | kolkata | Yes, CMA should be included in definition of ACCOUNTANT we do study taxation in depth, and we deserve equal rights. | 20 Feb 2025, 12:40 PM |
sahil Wadhwani | Student | New Delhi | 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, 12:40 PM |
Swastik Das | Student | Bhubaneswar | If there is no cma in defination of accountant,what is the use of learning Income tax act in cma course.Equal importance to be given for Both CA and CMA | 20 Feb 2025, 12:40 PM |
DEBPARNA NAYAK | Others | kolkata | Including CMAs would not only enhance the integrity of tax practices but also offer a broader, more inclusive approach to financial management in India. | 20 Feb 2025, 12:39 PM |
Amandeep kaur | Member | Mohali | 20 Feb 2025, 12:38 PM | |
Sandeep | Member | Hyderabad/Telangana | 20 Feb 2025, 12:38 PM | |
Eram Irshad | Student | Rourkela/odisha | I cast my vote | 20 Feb 2025, 12:38 PM |
K Pranit Kumar | Student | Koraput/ Odisha | Cost and management accountants should be added to the definition of accountant in the new IT bill | 20 Feb 2025, 12:38 PM |
Neelabha Bhaduri | Student | Kolkata | . | 20 Feb 2025, 12:38 PM |
Adarsh Rawat | Student | Delhi | Yes, I support the cause | 20 Feb 2025, 12:37 PM |
G Ashish | Student | Bhilai | 20 Feb 2025, 12:37 PM | |
Shashank sharma | Student | Delhi | Please provide a tax audit right for greater transparency | 20 Feb 2025, 12:37 PM |
Akshay Anand | Student | Delhi | It is very important for the well being of the future CMA's by this we can get easy exposure to other aspect of our profession | 20 Feb 2025, 12:37 PM |
Nithyashree Viswanathan | Others | Chennai | Inclusion of CMAs in Accountant definition in IT act is necessary as we are equally qualified and experienced | 20 Feb 2025, 12:37 PM |
SUVADRA CHOWDHURY | Others | delhi | I want that all powers of CA should be given equally to CMA and CS | 20 Feb 2025, 12:37 PM |
Shivam Sharma | Student | Faridabad, Haryana | Yes! I support the cause | 20 Feb 2025, 12:36 PM |
Saqib javed | Student | Delhi | I support the cause | 20 Feb 2025, 12:36 PM |
Anubhab saha | Student | Habra, West Bengal | CMAs have adequate knowledge of books of accounts a businessman, professional and corporate house. We are taught how to file ITR. I think a qualified cma is competent to certify authenticity of accounts. | 20 Feb 2025, 12:36 PM |
Yeluri Chinmayee | Pune | 20 Feb 2025, 12:36 PM | ||
BISWAJIT SAHOO | Student | KUAKHIA,JAJAPUR | 20 Feb 2025, 12:36 PM | |
N Vijaya saradhi | Member | Telangana | 20 Feb 2025, 12:36 PM | |
Arpit | Student | Bhubaneswar | "I fully support the inclusion of Cost Accountants in the definition of Accountants under Section 515(3)(b) of the proposed Income Tax Act-2025. Recognizing Cost Accountants will enhance financial transparency, compliance, and professional equity. Let’s urge Parliament to acknowledge our contribution to the nation’s economic framework!" |
20 Feb 2025, 12:36 PM |
REBA NEOGY | Others | delhi | As a student, I believe the inclusion of Cost and Management Accountants (CMAs) in the new Income Tax Bill 2025 is an important move that reflects the growing importance of specialized financial management in modern economies. | 20 Feb 2025, 12:36 PM |
Braja Mohan Rout | Member | Bhubaneswar | It should be at par. | 20 Feb 2025, 12:36 PM |
SAHIL | Student | Delhi | #CMAmangetaxaudit | 20 Feb 2025, 12:36 PM |
Seema Gunjal | Member | Mumbai | I support | 20 Feb 2025, 12:35 PM |
Yashika Jain | Student | Chhattisgarh | We are working day night but people barely recognise us we want people to know us respect us | 20 Feb 2025, 12:35 PM |
Amit kumar agrawal | Member | RANCHI | Due to dynamic change in macro economic conditions, economic activities of India is in boom state. We are very ambitious that our country will definately be a developed nation by 2047. Considering this it is evident that the business activities will definately increase vastly in the years to come. hence to cop up the change in business environment various tax compliances is need to done. Cost accountant now a days are well versed with the taxation rules interalia. Giving the opportunity only to CA's would might hinder the ambitious goal of developed nation. Further CMA's will get the level playing field and will contribute immensely towards our nation by complying various taxation compliances. | 20 Feb 2025, 12:35 PM |
Saurabh Kumar sahu | Student | Bhubaneswar, Odisha | Recognizing CMAs as accountants is a significant step in valuing their expertise in financial management, cost analysis, and taxation. Their specialized skills enhance traditional accounting roles, improving the accuracy and efficiency of financial reporting and tax compliance. |
20 Feb 2025, 12:35 PM |
N Kameswar Rao | Member | Rourkela | I support | 20 Feb 2025, 12:35 PM |
Gurutej Singh | Student | Panipat | 20 Feb 2025, 12:35 PM | |
Smrutimalay Biswal | Student | Bhubaneswar | As a student, I believe including Cost and Management Accountants (CMAs) in the Income Tax Bill 2025 is crucial. CMAs play a key role in cost optimization and financial management, skills directly relevant to taxation. Their exclusion limits their potential contributions and creates an unfair competitive disadvantage in the industry. | 20 Feb 2025, 12:35 PM |
Ramdev Rathi | Student | Surat / Gujarat | 20 Feb 2025, 12:35 PM | |
Divya M P | Student | Tenkasi | 20 Feb 2025, 12:34 PM | |
Sreekanth Duvvuru | Student | Nellore, Andhra pradesh | It is very important for the well being of the future CMA's by this we can get easy exposure to other aspect of our profession | 20 Feb 2025, 12:34 PM |
Sani Ashok Shah | Student | Palghar | 20 Feb 2025, 12:34 PM | |
Swastik Mukherjee | Student | Kolkata | We will also competent in tax audit, We have also great knowledge about tax regulations. So, I support this matter. |
20 Feb 2025, 12:34 PM |
Gopinath | Student | Tamil Nadu | 20 Feb 2025, 12:33 PM | |
Rutvik H Patel | Student | VADODARA | 20 Feb 2025, 12:33 PM | |
Sajid iqbal | Others | RANCHI | 20 Feb 2025, 12:33 PM | |
ASOKE GANGULY | Others | Kolkata | The inclusion of Cost Accountants in the New Income Tax Act 2025 is a crucial step in strengthening the country’s tax framework. Cost Accountants possess in-depth expertise in cost management, financial analysis, and taxation, enabling businesses to ensure compliance and optimize financial reporting. Their involvement will contribute to greater accuracy, transparency, and efficiency in the tax system, benefiting both taxpayers and the government. | 20 Feb 2025, 12:33 PM |
Sameera Khatoon | Student | RANCHI | Inclusion of cost accountants in new income tax bill | 20 Feb 2025, 12:32 PM |
MUNAZIR Rawoot | Student | Morba | Cost Accountant also have good knowledge regarding tax, audit, gst so weare requested to include name of cost accountant in proposed income tax bill | 20 Feb 2025, 12:32 PM |
Neeraj | Student | Faridabad | 20 Feb 2025, 12:32 PM | |
DIPANKAR NEOGY | Others | WEST BENGAL, KOLKATA | Their exclusion from the definition of "Accountant" in the Bill seems like a missed opportunity to acknowledge their unique contributions to the field of taxation. CMAs are trained to handle cost audits, financial control, and management accounting, which aligns directly with the objectives of tax efficiency and compliance. Ignoring their role might limit the scope for more holistic tax planning and management practices. | 20 Feb 2025, 12:32 PM |
Rajendra Moharana | Student | Puri | Studing | 20 Feb 2025, 12:32 PM |
Abhik datta | Member | Kolkata/WB | Cost Accountant should definitely be included as per the definition of Accountant in IT Act 2025 | 20 Feb 2025, 12:32 PM |
Aditi Gangwani | Others | Bhilai | The course structure of CA and CMA is similar for like 70% and CMAs do have the basic knowledge required by an accountant. So of CAs are included within the definition, CMAs shall also be included. When govt. Posts are common for both, then why not the accountants definition includes both? | 20 Feb 2025, 12:32 PM |
deshna jain | Student | CHENNAI | 20 Feb 2025, 12:32 PM | |
Soumyasmita Pradhan | Student | Odisha | 20 Feb 2025, 12:32 PM | |
Baidyanath Behera | Khorda | The Cost Accountants(CMA) should be included in the definition of "Accountant"in the upcoming Income Tax Bill 2025 along with Chartered Accountants since both are represented from similar professional Statutory Bodies under the Act of Parliament | 20 Feb 2025, 12:32 PM | |
Suchismita Chattopadhyay | Others | WEST BENGAL, KOLKATA | It's important for the government to reconsider this stance to ensure that all accounting professionals who bring significant value to the table are recognized equally. | 20 Feb 2025, 12:31 PM |
Narasimharaju | Student | Andhrapradesh | 20 Feb 2025, 12:31 PM | |
Uday Shanker Dewangan | Student | Bilaspur | CMAs play a vital role in taxation, financial compliance, and cost management, ensuring accuracy in tax assessments and preventing revenue leakages. Excluding them from the Income Tax Bill 2025 disregards their expertise and limits taxpayers' access to qualified professionals. Recognizing CMAs will strengthen India's tax framework, promote fair competition, and enhance compliance efficiency. Their inclusion aligns with the government’s vision for a transparent tax system. I urge policymakers to amend the bill and grant CMAs the statutory recognition they rightfully deserve for the nation’s economic and financial governance. | 20 Feb 2025, 12:31 PM |
Uma Kakarlapudi | Member | Vishakapatnam | CMA itself has Accountant and hence to be included in the definition of Accountant | 20 Feb 2025, 12:31 PM |
ASIS BHOWMIK | I support Inclusion of CMA in New Income Tax Act-2025 | 20 Feb 2025, 12:30 PM | ||
Sachin gadekar | Student | Pune Maharashtra | 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, 12:30 PM |
Satabdi Dhal | Student | Bhadrak /Odisha | 20 Feb 2025, 12:30 PM | |
Anirban Chattopadhyay | Others | SHYAMNAGAR | Yes, CMA should be included in definition of ACCOUNTANT we do study taxation in depth, and we deserve equal rights. | 20 Feb 2025, 12:30 PM |
shubhransh Vishesh Srivastava | Lucknow, Uttar Pradesh | 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, 12:30 PM | |
SATISH KUMAR | Member | FARIDABAD | Yes Accountants must include cost accounts, because profession is contributing for decades for taxation, accounting & other financial domain & possess all required technical knowledge, expertise & may contribute in future for evolution of above domain. |
20 Feb 2025, 12:30 PM |
MOHD Rizwan Ansari | Student | Delhi | Kindly include CMA in the definition of Accountant in DTC. | 20 Feb 2025, 12:30 PM |
VANAPALLI ANIL KUMAR | Student | JEYPORE | How can there be such an injustice. When you study the same and didn't get the same authority. I strongly condemn the decision taken by the government. | 20 Feb 2025, 12:30 PM |
Ritik Jaiswal | Delhi | 20 Feb 2025, 12:29 PM | ||
Ashim Kumar Dhal | Others | Odisha | Yes CMA should add with the definition | 20 Feb 2025, 12:29 PM |
Rinnkuu chandak | Others | Kolkata | Cost accountant should be included in the definition of accountants under the income tax act | 20 Feb 2025, 12:29 PM |
Gaurav Verma | Student | THANE | Govt should balance and treat all the professional bodies equally, why only ICAI has significant signing authorities over other professional bodies? | 20 Feb 2025, 12:29 PM |
ASHIM KUMAR DAS | WEST BENGAL | 20 Feb 2025, 12:29 PM | ||
Sourav Jaiswal | Member | Ranchi | CMA's should also be included in the definition of accountant | 20 Feb 2025, 12:29 PM |
Ansuman Chattopadhyay | Others | SHYAMNAGAR | As a student, I believe including Cost and Management Accountants (CMAs) in the Income Tax Bill 2025 is crucial. CMAs play a key role in cost optimization and financial management, skills directly relevant to taxation. Their exclusion limits their potential contributions and creates an unfair competitive disadvantage in the industry. | 20 Feb 2025, 12:29 PM |
Sunidhi kumari | Student | Ranchi | 20 Feb 2025, 12:29 PM | |
Kanhaiya Kumar Singh | Student | JAGATDAL | I support to be the part of Accountant in new Income Tax Act, 2025 | 20 Feb 2025, 12:28 PM |
Rinku Gupta | Student | Haryana | 20 Feb 2025, 12:28 PM | |
ARINDAM BANARJEE | Others | Delhi | As a Bank manager I have worked with lot of CA and CMA. In my opinion they both are equally capable and knowledgeable to do Tax related works. I think that CMAs should have the right to do Tax Audit like CAs. I support Inclusion of CMA in the definition of "accountant" in the new income tax Act 2025 | 20 Feb 2025, 12:28 PM |
JOYDEEP CHAKRABORTY | Others | delhi | I want that all powers of CA should be given equally to CMA and CS | 20 Feb 2025, 12:28 PM |
Tushar Bhupendra Makwana | Student | Mumbai | 20 Feb 2025, 12:28 PM | |
Keshav | Student | Delhi | Including a Cost and Management Accountant (CMA) in the definition of an "Accountant" under the Income Tax Act 2025 is crucial for the following reasons: 1. Expertise in Financial and Taxation Matters CMAs possess extensive knowledge of costing, financial management, taxation, and compliance, making them well-qualified to handle tax-related matters, audits, and financial reporting for businesses. 2. Contribution to Tax Compliance and Efficiency CMAs specialize in cost analysis, pricing strategies, and indirect taxation, playing a key role in ensuring accurate tax computation, transfer pricing compliance, and cost optimization, thereby helping businesses comply with tax laws effectively. 3. Parity with Other Accounting Professionals In many jurisdictions, including India, CMAs are already recognized under tax laws for functions like certification, tax audit, and compliance reporting. Including CMAs in the definition of “Accountant” will ensure a level playing field among accounting professionals. 4. Bridging the Compliance Gap in MSMEs and Corporates Small and Medium Enterprises (SMEs) and large corporations rely on CMAs for cost audits, tax planning, and compliance. Recognizing CMAs under the Income Tax Act 2025 will help in widening the tax base and reducing tax evasion through better financial control. 5. Global Best Practices and Recognition Many countries, including the USA (CMA USA), Canada, and the UK, recognize management accountants as key financial professionals. Aligning with international standards will enhance global investor confidence and improve compliance standards. 6. Support in Government Initiatives and Fiscal Policy Implementation CMAs play a critical role in advising businesses on tax savings, incentives, and regulatory changes, supporting government initiatives like GST, Make in Country programs, and digital taxation compliance. Conclusion Recognizing CMAs under the Income Tax Act 2025 will strengthen the taxation ecosystem by leveraging their expertise in costing, compliance, and financial management, ensuring better tax governance and economic growth. |
20 Feb 2025, 12:28 PM |
Tushar | Student | Delhi | Include CMA in defination of Accountant | 20 Feb 2025, 12:28 PM |
PRASANTA GHOSH | Others | WEST BENGAL, KOLKATA | As a student, I believe the inclusion of Cost and Management Accountants (CMAs) in the new Income Tax Bill 2025 is an important move that reflects the growing importance of specialized financial management in modern economies. | 20 Feb 2025, 12:28 PM |
Prince Goel | Student | Delhi | We all study same tax so why only CA for tax audit it is our right... We must need this. | 20 Feb 2025, 12:27 PM |
Yogesh Vishwakarma | Student | Nashik | 20 Feb 2025, 12:27 PM | |
Parveen Mathur | Student | Gurgaon | Cma must be in 'accountant' defination | 20 Feb 2025, 12:27 PM |
Sukirti Singla | Member | YAMUNA NAGAR | Please increase opportunities for our profession | 20 Feb 2025, 12:27 PM |
CMA Shailesh Yadav Nagpure | Member | TAL-YEOLA, DIST-NASHIK | Included Cost Accountant in Accountant definition | 20 Feb 2025, 12:27 PM |