13407
Upvotes & counting...

Approved Support Records

Name Category City Message Date
Ayesha Parween Student West Bengal 20 Feb 2025, 11:12 AM
Divya kedarnath nandedkar Student Nanded I'm a CMA Finalist student. I want CMA should be included under the definition of Accountant in the proposed Income Tax Bill 2025. 20 Feb 2025, 11:12 AM
Vidhi Sharma Student Bhuj Kindly include CMA in the definition of Accountant in Direct Tax 20 Feb 2025, 11:12 AM
Vignesh Student tamil badu 20 Feb 2025, 11:11 AM
Pandey Raj Sandeep Kumar Bhuj I am student of cma so I know how we learn the tax subjects very deeply with proper understanding in my cma journey tax subjects is only which was very lengthy and very time to unstable and ca can also do the same so why I can't get right to tax audit we are also capable for that so I request to all authorities to give tax audit right to cma students and include cost accountant in account meaning in income tax bill. Thank you very much 20 Feb 2025, 11:11 AM
Ramesh N Others Chennai/ Tamilnadu We would like to approve and support for then to give recognition sign like CA 20 Feb 2025, 11:11 AM
Uday Debnath Student Tripura As a Cost and Management Accountant (CMA), I strongly believe that the new Income Tax Act 2025 should recognize CMAs as eligible professionals for conducting tax audits. Our expertise in managerial decision-making, cost control, and tax-related matters enables organizations to achieve greater cost efficiency and profitability.

Expanding the scope of tax audits beyond Chartered Accountants (CAs) will foster healthy competition, ultimately improving the quality of tax audits. Breaking this monopoly will not only enhance audit standards but also provide businesses with diverse perspectives and more effective financial strategies.
20 Feb 2025, 11:11 AM
Subhash Kumar Student Bihar sharif bihar Cma should be included 20 Feb 2025, 11:11 AM
Manish Dhawan Member Mumbai Cost and Management Accountants should be included under the defination of " ACCOUNTANT ". As per the statute the word " Accountant " is embeded in it's name and hence there is no doubt to include this category in to the defination of Accountant. 20 Feb 2025, 11:11 AM
Unnati Gajra Student Bhuj Gujarat I do support to include CMAs in the new Income tax act 2025 20 Feb 2025, 11:10 AM
Venkata Subbareddy balu Student Nellore Please include my CMA qualification in accountant definition 20 Feb 2025, 11:10 AM
Nagarathna Student Bangalore We support this 20 Feb 2025, 11:10 AM
Ganesh Mohkar Member Pune Please add CMA in the definition of accountant 20 Feb 2025, 11:10 AM
Harsh Gusai Student Bhuj I support this case and CMA must be included in accountant definition.It is the right of every CMA to be included in the definition of Accountants . To maintain the viability and prosperity of the professionals , it is mandatory.Kindly include CMA in the definition of Accountant in INCOME TAX BILL - 2025 20 Feb 2025, 11:10 AM
Urvashi Shiyani Student Bhuj Kutch, Gujarat I personally believe that the study of CA & CMA are almost similar relating to the tax so as a CMA aspirants we are also eligible for the audit work. Kindly consider the same. 20 Feb 2025, 11:10 AM
Neeraj kumar ojha Others Bihar I want the accountant definition should be change in new income tax 2025 20 Feb 2025, 11:10 AM
Poojitha Student Tamil Nadu 20 Feb 2025, 11:10 AM
Lohith Kumar Kenguva Student Visakhapatnam 20 Feb 2025, 11:10 AM
Kartik Tamrakar Student Chhatarpur I support inclusion of Cost Accountants in defination of Accountants in New Income Tax Bill, 2025. 20 Feb 2025, 11:10 AM
Aldus k j Student Kannur Allowing CMA would ensure healthy competition which is very much required in open economy. It will definitely benefit the tax administration system as well as the assesses, especially the MSME assesses. 20 Feb 2025, 11:10 AM
Harsh soni Student Bhuj Please include us as in defination of accountant 20 Feb 2025, 11:10 AM
Het Tejash Purohit Student Bhuj Kachchh As a CMA we also have the right qualifications & expertise in the field. We play a important role in the economy. 20 Feb 2025, 11:10 AM
Sabih Fatma Others Rajgangpur Qualified CMA yet to be member 20 Feb 2025, 11:10 AM
Mahek Thakker Student Bhuj I support it because scope will be wider,people will get work 20 Feb 2025, 11:10 AM
Selvi Nainar Maraimalainagar Working as a Finance head in US Based MNC 20 Feb 2025, 11:10 AM
Arjun Nair Student Navi Mumbai 20 Feb 2025, 11:10 AM
Bhagesh Garg Student Alwar Sir jitna tax ca students padhte hai ,utna tax hum bhi padhte hai.
Or cma ki include Krna chahiye new income tax bill mai
20 Feb 2025, 11:10 AM
Manisha Aswani Bhopal I am a student pursuing professional course 20 Feb 2025, 11:10 AM
Alakendu Chakraborty Member Calcutta 20 Feb 2025, 11:10 AM
Archi Bhatia Student Bhuj Gujarat CMA are competent for income Tax audits. Rights should be given to us. 20 Feb 2025, 11:09 AM
TIMIRATRITHA DAS Cuttack I request to ammende the meaning of accountant.
Because in the course of CA AND CMA not more different in study curriculum.
Both are similar course so why you are not considering CMA as a accountant.
Please consider it.
20 Feb 2025, 11:09 AM
Ravi Jhunjhunwala Kolkata West Bengal 20 Feb 2025, 11:09 AM
Divya Thacker Student Gujarat/Bhuj I want CMA to be included in definition of accountant 20 Feb 2025, 11:09 AM
Dilipsinh Student Bhuj Cost accountants must be included under the definition of Accountants, must be given equal exposure to the financial world. 20 Feb 2025, 11:09 AM
Soham Thacker Student Bhuj As a CMA we also have the right qualifications & expertise in the field. We play a important role in the economy and now you restricting it 20 Feb 2025, 11:09 AM
Pragati Tejwani Student bhuj The constant war between CMA and CA is unnecessary—both have their own importance. But let's be real, CMAs are the masters of cost control, management, and strategic decision-making! While CAs focus more on taxation and auditing, CMAs drive business growth with financial expertise. It’s time people recognize the power of CMA in the corporate world! 20 Feb 2025, 11:09 AM
Hem Parmar Student Bhuj The CMAs should be given the status of accountant under the new IT Act. 20 Feb 2025, 11:08 AM
Santhosh Raj C Student CHENNAI CMA Should be included in the definition of Accountant in the New Income Tax Act 2025, We CMA Professional Deserve Equal Rights and Duties as Par with CA's 20 Feb 2025, 11:08 AM
Jeeva Chennai Yes I supported 20 Feb 2025, 11:08 AM
Namira Rafiq Chaki Gujarat 20 Feb 2025, 11:08 AM
Keerthi Eswaran Student Chennai, Tamil Nadu Please recognise Cost and Management Accountant as inclusive in the section 515 3 (b) 20 Feb 2025, 11:08 AM
Nandani Thacker Student Bhuj Gujarat 20 Feb 2025, 11:07 AM
Mohan Rathod Student Kothrud, Pune I'm a CMA Finalist student. I want CMA should be included under the definition of Accountant in the proposed Income Tax Bill 2025.
20 Feb 2025, 11:07 AM
NIRMALA S. Member JAPAN यह क्या तमाशा है, हम CMA लोग हमेशा देर से क्यों जागते हैं? 20 Feb 2025, 11:07 AM
Hariharan V Student Vedaranyam 20 Feb 2025, 11:06 AM
Jeet Kumar shaw Student Kolkata It's a right of CMA to do Tax Audit 20 Feb 2025, 11:06 AM
Ibtehaj Afzal Others Kolkata I'm qualified CMA 20 Feb 2025, 11:05 AM
CMA Rittyk Giri Member Kolkata CMAs should be given an equal opportunity to perform taxa audits, as they possess the professional competency well enough for the same. Further this will benefit the normal citizens at large, due to bottleneck situations during return filing timelines. And further the move shall also ease the life of CAs, thus benefitting all. 20 Feb 2025, 11:05 AM
Kishore Chandra Mohanty Member Bhuban̈eswar 20 Feb 2025, 11:05 AM
Akash Chauhan Student Delhi 20 Feb 2025, 11:05 AM
LAKHAN DNYANOBA SHINDE Member Pune Inclusion of CMA in New Income Tax Act-2025 20 Feb 2025, 11:04 AM
Chinna Thambi Student Madurai I support this case and CMA must be included in accountant definition. 20 Feb 2025, 11:04 AM
Muskan kumari Student Gaya We also have right to do tax audit because as a cost accountant we have very limited work to explore. 20 Feb 2025, 11:04 AM
Udaya Kumar Bengaluru Yes I agre to include the cost accountant in definition of accountant 20 Feb 2025, 11:04 AM
Yash Jain Student Jaipur It is the right of every CMA to be included in the definition of Accountants . To maintain the viability and prosperity of the professionals , it is mandatory. 20 Feb 2025, 11:04 AM
CMA Rudra Kumar Shukla Member Bokaro, Jharkhand CMA must be added in the accounting defination . 20 Feb 2025, 11:04 AM
Rajeev sharma Student Delhi 20 Feb 2025, 11:04 AM
Laxman Kumar Meher Student Odisha 20 Feb 2025, 11:03 AM
Sreekanth Others Kozhikode 20 Feb 2025, 11:03 AM
Naveen Kumar Others Chennai I want CMA to be included in definition of accountant 20 Feb 2025, 11:02 AM
Dhiren Beura Member Bhubaneswar 20 Feb 2025, 11:01 AM
Nikhil Barot Student Gujarat I am student of cma so I know how we learn the tax subjects very deeply with proper understanding in my cma journey tax subjects is only which was very lengthy and very time to unstable and ca can also do the same so why I can't get right to tax audit we are also capable for that so I request to all authorities to give tax audit right to cma students and include cost accountant in account meaning in income tax bill. Thank you very much 20 Feb 2025, 11:01 AM
Pooja Student Chennai As a CMA we also have the right qualifications & expertise in the field. We play a important role in the economy and now you restricting it 20 Feb 2025, 11:01 AM
Alphy Jose Member Kerala There is only a single Income Tax Act previously, which is studied by CMA students, CS students and CA students equally, and there will only be a single new one equally to be studied by fhe three category above. So, its fair to consider everyone equally in the definition of "Accountant". Let everyone accept the healthy competition. 20 Feb 2025, 11:01 AM
Bipanchi Bailung Kamrup Metropolitan I'm a CMA finalist.. left with 1 group to clear finals. 20 Feb 2025, 11:01 AM
Ganesh Others Chennai 20 Feb 2025, 11:01 AM
Udaya kumar Others Chennai I want CMA to be included in definition of accountant 20 Feb 2025, 11:00 AM
Bishnu Shaw Student Howrah 20 Feb 2025, 11:00 AM
Vishal Khandelwal Student Mp 20 Feb 2025, 11:00 AM
Pradeep kumar mandal Others Bokaro 20 Feb 2025, 11:00 AM
Yazhmozhi A.E ERODE I'm an cma final student. I want to includes Cma in definition of tax audit. Cma is fully deserve for conduct the tax audit. Learning and experience can design a good sculpture. So what we learns only determine our talent not a designation as CA. 20 Feb 2025, 11:00 AM
Deepak Namdeo Naik Member Maharashtra 20 Feb 2025, 11:00 AM
K Govind Raj Student Karnataka Qualified CMA also have huge knowledge about Taxation hence CA and CMA both are Equal so we also want Tax Audit 20 Feb 2025, 11:00 AM
Siddhi Santosh Mahadik Student Thane Please include us as in defination of accountant 20 Feb 2025, 10:59 AM
DISHANTHI E Student CHENNAI Kindly include CMA in the definition of Accountant in INCOME TAX BILL - 2025 20 Feb 2025, 10:59 AM
Dharaneesh Student Salem Please consider our CMA also for tax audit 20 Feb 2025, 10:59 AM
Arunkumar Others chennai I want CMA to be included in definition of accountant 20 Feb 2025, 10:58 AM
Surya prakash Gutula Member Bargarh 20 Feb 2025, 10:58 AM
Gokul M Student Tamilnadu Cost accountants must be included under the definition of Accountants, must be given equal exposure to the financial world. 20 Feb 2025, 10:58 AM
Devrat Dalmia Student Deoghar Include cost accountant in the definition of accountant... 20 Feb 2025, 10:58 AM
GOMATHI S Student Chennai Kindly include CMA in the definition of Accountant in Direct Tax Code 2025 20 Feb 2025, 10:57 AM
Vikram Sreedhar Member Mysuru Petition to Include Cost Accountants in Tax Audit and the Broader Definition of Accountants in the Proposed Income Tax Act 2025

To

The Hon’ble Finance Minister of India,
Government of India

Subject: Inclusion of Cost Accountants in Tax Audit and Broadening the Definition of "Accountant" in the Income Tax Act 2025

Respected Madam/Sir,

We, the undersigned professionals and stakeholders, hereby submit this petition to request the inclusion of Cost Accountants (CMAs) in the scope of tax audits and in the broader definition of “Accountant” under the proposed Income Tax Act 2025. This inclusion will strengthen compliance, benefit businesses, and enhance tax governance.

Rationale for Inclusion

1. Strengthening Industry Compliance and Governance

Cost Accountants are already recognized under various laws, including:

Companies Act, 2013 (for cost audit and compliance reports)

GST Act, 2017 (as GST auditors)

Customs Act, 1962 (for Special Valuation Branch matters)

National Financial Reporting Authority (NFRA) & SEBI regulations


Recognizing them for tax audits will improve compliance monitoring and ease the burden on businesses by increasing the availability of qualified professionals.

Industry Impact: Enhanced tax compliance, reduced litigation, and better reporting.


2. Expanding the Talent Pool for Tax Audits

India has a limited number of Chartered Accountants (CAs) eligible for tax audits under Section 44AB.

Over 100,000 Cost Accountants in India possess deep expertise in cost structures, transfer pricing, and tax impact analysis—key components of tax audits.

Expanding the definition of an "Accountant" to include CMAs will increase efficiency in tax compliance and reduce delays caused by the shortage of auditors.


3. Ensuring Fair Recognition of Cost Accountants' Expertise

Cost Accountants undergo rigorous training in:

Financial and cost accounting

Taxation and compliance management

Risk assessment and audit methodologies


They are already recognized as accounting and audit professionals under multiple regulatory frameworks, making their exclusion from tax audits is inconsistent.


4. Boosting the Economy and Ease of Doing Business

Businesses, especially MSMEs and manufacturing firms, face challenges in appointing auditors due to limited availability and high costs.

Allowing Cost Accountants to conduct tax audits will reduce compliance costs and ensure wider professional accessibility.

Supporting this inclusion aligns with Atmanirbhar Bharat by utilizing India’s full pool of financial professionals.


5. Strengthening the Professional Community

Cost Accountants, Chartered Accountants, and Company Secretaries each have specialized roles in governance.

Recognizing CMAs for tax audits will ensure a balanced and fair division of professional responsibilities while fostering collaborative governance.


Our Request

We urge the Hon’ble Ministry of Finance to:

1. Amend the proposed Income Tax Act 2025 to recognize Cost Accountants as eligible professionals for conducting tax audits under Section 44AB.


2. Broaden the definition of “Accountant” under Section 288 of the new Act to include CMAs, aligning with their recognition under GST and Companies Act.


3. Ensure fair representation of CMAs in policy discussions and advisory committees related to taxation.



This step will empower businesses, enhance tax governance, and strengthen the professional ecosystem, leading to improved compliance and economic efficiency.

We sincerely request your consideration of this matter in the national interest.

Thank you.
20 Feb 2025, 10:57 AM
jeeva Chennai 20 Feb 2025, 10:57 AM
RAJSHRI CHAKRABORTY Student WEST BENGAL, KOLKATA As a CMA Intermediate student, we study all the subjects related to tax Direct/Indirect, we study day and night to pass in our exams, we have almost same syllabus as CA students so why we don't have the signing power. I strongly support CMAs should be included in the definition of "Accountant" in new Income Tax Bill 2025. 20 Feb 2025, 10:57 AM
SUTAPA ADHIKARY Student WEST BENGAL, KOLKATA As a CMA final student I have studied Direct taxation and international taxation which is no difference from ICAI syllabus therfore we CMA have the same knowledge of taxation as of a CA. CMA should be included in the definition of "accountant" in New Income Tax Act 2025. 20 Feb 2025, 10:57 AM
Santhosh Pichai Student Coimbatore/Tamil Nadu As a CMA Inter Student, I support to include Cost Accountant in the definition of "Accountant" in the IT Act 20 Feb 2025, 10:57 AM
Niyati Student S.A.S Nagar I m in the support of inclusion of cost accountant in new income tax act 20 Feb 2025, 10:57 AM
G Suresh Student Perundurai I'm a CMA Finalist student. I want cma to be included in definition of accountant. 20 Feb 2025, 10:56 AM
Manpreet kaur Student Raipur 20 Feb 2025, 10:56 AM
DHAMODHARAN Student TAMILNADU Cost Accountants should be included under the definition of Accountant in the proposed Income Tax Bill 2025. 20 Feb 2025, 10:56 AM
Diganta Kumar swain Student Puri I want cma to be included in definition of accountant 20 Feb 2025, 10:56 AM
Siddhesh Nachane Student Mumbai/ Maharashtra I want CMA to be included in Income Tax 2025 20 Feb 2025, 10:56 AM
Tapan Kumar Barik Student Bhadrak 20 Feb 2025, 10:55 AM
Tanya Bhatia Student Varanasi Cost and management accountants should be included in the definition of Accountants.. 20 Feb 2025, 10:55 AM
Shruti Agarwal Student Raipur 20 Feb 2025, 10:54 AM
Muhammed ubai Student Thrikkunnapuzha Kerala cma shall be included in the definition of accountant 20 Feb 2025, 10:54 AM
Jaypraksh Das Bari CMA CREATE LIFE EASY 20 Feb 2025, 10:54 AM
HEMALATHA Student chennai I want cma to be included in definition of accountant 20 Feb 2025, 10:54 AM
Pooja Student Chennai 20 Feb 2025, 10:54 AM
HEMANT KUMAR SINGH Member BHUBANESWAR Since,CMAs are professional they should be included as Accountant in the new I Tax Act2025 by GoI. 20 Feb 2025, 10:52 AM