| Name | Category | City | Message | Date |
|---|---|---|---|---|
| Yash | Student | 19 Feb 2025, 08:18 PM | ||
| Abdul Azeez Kokkottil | Member | Kerala | As a Fellow member of the Institute of cost accountants of India ,Membership no.42405, I strongly request to add Cost Accountants in the definition of "Accountant " as per the Income Tax Act. | 19 Feb 2025, 08:18 PM |
| N S Subrahmanyam | Member | Andhra Pradesh | Request to include cost accountant in the definition of Accountant in Income Tax bill 2025 | 19 Feb 2025, 08:18 PM |
| Amith Sunil MS | Student | Koorikuzhi | Yes I support | 19 Feb 2025, 08:17 PM |
| M Christy Simon | Member | Kancheepuram | 19 Feb 2025, 08:17 PM | |
| Muskan | Student | Cost accountant also have right to do Tax audit, as we are also doing hard work studying all the syllabus as chartered accountant | 19 Feb 2025, 08:17 PM | |
| Shivchand Prajapati | Member | Nasik | It's very important to increase scope of practice | 19 Feb 2025, 08:17 PM |
| Megha s john | Member | KOLLAM | We all studied same subjects,same laws, same rules and we successfully completed the CMA from ICMAI which is recognized by Indian government. Please don't show a partiality on us. Don't promote the monopoly of ICAI. We are equally qualified. Please do consider this. Include CMA in the definition of accountant | 19 Feb 2025, 08:16 PM |
| Chandra | Student | Delhi | I believe that accountant definition should include cost accountants as the syllabus focuses a lot on the taxation part . It would be unfair to not do the same | 19 Feb 2025, 08:16 PM |
| Priya nagdev | Raipur chhattisgarh | Please add cost and management accountant to the definition of the accountant. | 19 Feb 2025, 08:16 PM | |
| Abid K | Member | Kerala | I support and suggest to include Cost accountants in the definition of “Accountants” in new Income tax bill | 19 Feb 2025, 08:16 PM |
| Indrani Majhi | Student | Kolkata | Please amend bill and include cma for future of the many students and members | 19 Feb 2025, 08:16 PM |
| Anirudh Dayama | Member | PUNE | 19 Feb 2025, 08:16 PM | |
| Rakshit Kochhar | Member | NEW DELHI | 19 Feb 2025, 08:16 PM | |
| J. Satham Hussain | Others | Trichy | 19 Feb 2025, 08:16 PM | |
| Nimit Kathuria | Others | Faridabad | Qualifed cma in corporate sector and working for a listed pharma company | 19 Feb 2025, 08:15 PM |
| Prasanth | Member | Tanuku | 19 Feb 2025, 08:15 PM | |
| BABITHA REDDY | Member | HYDERABAD | CMA should be included in accountant in Income Tax ACT | 19 Feb 2025, 08:15 PM |
| Dimple Kumar | Member | Chandigarh | I am Dimple Kumar working in Finance Manager ITC Ltd. Baddi. I would like to bring to your attention a long-pending issue regarding the definition of “Accountant.” As per Clause 2, only Chartered Accountants are eligible, which contradicts the government’s earlier intent, particularly since Hon’ble Prime Minister Shri Narendra Modi Ji assumed office 11 years ago. The guiding principle has always been that, apart from three designated audits—Statutory Audit by Chartered Accountants, Cost Audit by Cost Accountants, and Secretarial Audit by Company Secretaries—all other taxation-related assignments should be open to professionals from any of the three institutes. This amendment is crucial – 1. It is also predominant to mention here that in earlier DTC proposals the recommendations by the standing committee it was proposed to widen the scope for inclusion of Cost Accountant / Company Secretary in the definition of Accountant. 2. To prevent monopolistic and restrictive practices, which often lead to inefficiency, complacency, and corruption. |
19 Feb 2025, 08:15 PM |
| Rahul prakash chauhan | Others | Pune | I am cost accountant working in German MNC | 19 Feb 2025, 08:15 PM |
| Yaswanth Banala | Kurnool,Andhra pradesh | I'm yaswanth a student of icmai currently pursuing CMA final level. | 19 Feb 2025, 08:15 PM | |
| S.MOHANED SUBUHATHULLA | Student | Trichy | 19 Feb 2025, 08:15 PM | |
| Pankaj Papadkar | CMA is equivalent to CA in all respect. Course contain, working experience etc. It should be include in Accountant definition under Income tax act. Why should give monopoly to a single institute. | 19 Feb 2025, 08:15 PM | ||
| Satish Kumar Gupta | Member | Indore | CMAs can give positive contribution in Income Tax field, CMAs are as capable as other professionals to handle tax matters. | 19 Feb 2025, 08:15 PM |
| Hitesh Khatri | Member | Jaipur | Cost Accountants are equally competent as Chartered Accountants to carry tax audits. The curriculum contains Taxations laws (Direct and Indirect) in depth and in detail. Hence, the Cost Accountants should be included in the Definition of Accountant in the Income Tax code to carry the Tax Audits | 19 Feb 2025, 08:14 PM |
| Birendra Kumar Srivastava | Member | Bokaro | I strongly support for proper recognition what we deserve | 19 Feb 2025, 08:14 PM |
| kumar | Member | Hyderabad | Yes CMA is an accountant and should be part of accountant definition in IT act no further questions on it | 19 Feb 2025, 08:14 PM |
| Ganesh SanjeevKumar Chippa | Student | Maharashtra | 19 Feb 2025, 08:14 PM | |
| Sumit Kumar | Student | Jammu | So that I start my practice after completing Final | 19 Feb 2025, 08:14 PM |
| BABITHA REDDY | Member | HYDERABAD | Both Chartered Accountants (CAs) and Cost & Management Accountants (CMAs) study taxation, accounting, auditing, financial management, and related subjects. The key difference is their focus areas: CA specializes in financial accounting, auditing, taxation, and regulatory compliance. CMA focuses on cost accounting, management accounting, strategic financial management, and decision-making in businesses. Since both professions require a strong foundation in accounting and taxation, CMAs should be recognized alongside CAs for roles in accounting, finance, and taxation. Many companies already consider CMAs for accounting positions, but broader recognition is still evolving. |
19 Feb 2025, 08:13 PM |
| ARVIND BAJORIA | Member | KALYAN | It is required | 19 Feb 2025, 08:13 PM |
| Sivananda Gayatri | Member | Kolkata | We have to show the unity for our power and the professional recognition. | 19 Feb 2025, 08:13 PM |
| Swati Priya | Student | MUZAFFARPUR | I fully support the petition for the inclusion of Cost Management Accountants CMA in the new Income Tax Act. CMAs bring invaluable expertise in cost control and financial management, which is essential for businesses of all sizes. Their knowledge not only aids in optimizing operations but also contributes significantly to economic growth. Recognizing CMAs in the tax framework aligns with global standards and enhances the credibility of our financial practices. Furthermore, this inclusion would empower CMAs to provide better support to small and medium enterprises, fostering innovation and sustainability in our economy. I urge the authorities to consider this petition seriously, as it will benefit both the profession and the broader economic landscape. Thank you for your attention to this important matte |
19 Feb 2025, 08:13 PM |
| Jain Abraham | Member | Kannur | I support for inclusion of CMAs in the definition of accountants in the income tax act. | 19 Feb 2025, 08:13 PM |
| Prerna Nidhi | Student | Jamshedpur | As the name itself denote CMA ( COST AND MANAGEMENT ACCOUNTANT) then why CMA's have being removed from the definition of ACCOUNTANT. | 19 Feb 2025, 08:13 PM |
| TARAK NATH DUTTA | Member | Shyamnagar | By allowing Cost and Management Accountants to conduct tax audits, taxpayers will have more choices, leading to greater adherence to tax | 19 Feb 2025, 08:13 PM |
| Birendra Singh | Member | Kolkata | CMA must be included in Accountants definition in Income Tax Act as we are fully equipped to do income tax related activities. | 19 Feb 2025, 08:13 PM |
| Subhadeep Maity | Student | Howrah | 19 Feb 2025, 08:12 PM | |
| Kumari Manisha | Member | Patna | CMAs to be included in Accountant definition | 19 Feb 2025, 08:12 PM |
| Ram karna sah | Member | Delhi | 19 Feb 2025, 08:12 PM | |
| Nameer Ahmad | Student | Agra | 19 Feb 2025, 08:12 PM | |
| Astha Raj | Student | Jamshedpur, Jharkhand | 19 Feb 2025, 08:12 PM | |
| Jitendra Ashok Nikhare | Member | Nagpur | Cost Accountant should be included in defination of accountant in new income tax bill | 19 Feb 2025, 08:12 PM |
| Biswajit Nayak | 19 Feb 2025, 08:12 PM | |||
| Biswabandhu Mohapatra | Visakhapatnam | A CMA is qualified to conduct Tax Audit. | 19 Feb 2025, 08:12 PM | |
| Amol Gurnule | Others | Nagpur | Support | 19 Feb 2025, 08:12 PM |
| Piyush Soni | Durg | Please include cost accountant in the definition of accountant | 19 Feb 2025, 08:11 PM | |
| Dhruv | Student | Ranchi | Cost Accountants should be inclusion in Accountant definition of Income Tax bill 2025 | 19 Feb 2025, 08:11 PM |
| Vishnu kumar T S | Student | Tamilnadu | We are as a cost accountant no difference from chartered accountant. We studied almost same syllabus. Then why excluded from definition of cost accountant. Plz re consider this | 19 Feb 2025, 08:11 PM |
| SHYAM SHARMA | Member | DHANBAD | CMA's are capable enough and acquainted with the skillset to conduct Tax Audit. We demand to include CMA's to the definition of "Accountant " in the Income Tax Bill 2025". | 19 Feb 2025, 08:11 PM |
| Sachin Sinha | Member | 19 Feb 2025, 08:10 PM | ||
| Jandhyala Srinivasa Murthy | Member | Hyderabad | We are equally trained to fot the definition of Accountant | 19 Feb 2025, 08:10 PM |
| Lakshmanan m p | Member | Palakkad kerala | Subject: Inclusion of Cost Accountants in the Definition of 'Accountant' under the Income Tax Bill, 2025 To: The Honorable Finance Minister, Ministry of Finance, Government of India. Respected Madam/Sir, We, the members of the Institute of Cost Accountants of India (ICMAI), an esteemed professional accountancy body established under an Act of Parliament and functioning under the administrative purview of the Ministry of Corporate Affairs (MCA), wish to bring to your attention a matter of significant concern regarding the Income Tax Bill, 2025. Background: The current definition of 'accountant' under the Income Tax Act restricts the eligibility to Chartered Accountants (CAs) for conducting tax audits and related attest functions. This exclusivity has been a subject of extensive debate, especially considering the evolving dynamics of the accounting profession and the diverse expertise offered by various accounting professionals. Our Position: 1. Equitable Recognition of Professional Bodies: Statutory Recognition: ICMAI, like the Institute of Chartered Accountants of India (ICAI), is a statutory body constituted under an Act of Parliament. Our members undergo rigorous training and possess specialized knowledge in cost and management accounting, equipping them with the necessary skills to perform tax audits with utmost proficiency. Global Practices: Internationally, various jurisdictions recognize multiple accounting professionals for audit and attest functions. For instance, in the United States, Certified Public Accountants (CPAs) and Certified Management Accountants (CMAs) are authorized to perform a range of audit services. Aligning with such global practices would enhance the credibility and inclusivity of our tax administration system. 2. Preventing Professional Monopoly: Diverse Expertise: The inclusion of Cost Accountants in the ambit of 'accountant' would leverage their expertise in cost analysis, financial management, and performance evaluation, thereby enriching the quality of tax audits. Competitive Environment: Allowing only one category of professionals to conduct tax audits fosters a monopolistic environment, which can stifle innovation and efficiency. Inclusion of Cost Accountants would promote healthy competition, leading to improved service standards and broader professional development. 3. Enhancing Tax Compliance and Governance: Comprehensive Audits: Cost Accountants bring a unique perspective to audits, focusing on cost efficiency and management effectiveness. Their involvement in tax audits can provide deeper insights into the financial operations of entities, thereby aiding in more accurate tax assessments and compliance. Strengthening Oversight: A diversified pool of auditors ensures a more robust and resilient audit system, reducing the risk of oversight and enhancing the overall governance framework. Conclusion: In light of the above, we earnestly request the government to consider amending the definition of 'accountant' in the forthcoming Income Tax Bill, 2025, to include members of ICMAI. This inclusion would not only recognize the professional capabilities of Cost Accountants but also align India's tax audit practices with international standards, fostering a more transparent, competitive, and efficient tax ecosystem. We trust that our submission will be given due consideration in the legislative process. Yours sincerely, Lakshmanan Sharma Mathur Agraharam Palakkad |
19 Feb 2025, 08:10 PM |
| Orijeet Saw | Student | Jamshedpur/ Jharkhand | By studying the same syllabus which is in CA .. and then also not getting inclusion in the definition of Accountant is not a good news for a CMA aspirants. As a CMA finalist I request to get us included in the definition of Accountant u/s 515 (3)(b). | 19 Feb 2025, 08:10 PM |
| Sakshi Jatin Thakkar | Student | Dombivli | CMA deserves to be included in the definition of an accountant. | 19 Feb 2025, 08:10 PM |
| Yogesh Vishwanath Shirude | Member | Pune | CMA should be add in the definition of accountant in proposed Income Tax Act 2025 | 19 Feb 2025, 08:10 PM |
| Neha | Student | Rajasthan | Support | 19 Feb 2025, 08:10 PM |
| Anurag | Others | Maharashtra l | 19 Feb 2025, 08:10 PM | |
| Piyush Kumar Ray | Student | Howrah | All syllabus is same then why discrimination in all sister' institutions . Then all sisters institutions members is eligible. | 19 Feb 2025, 08:10 PM |
| Ashiwani Maheshwari | Member | Agra | CMA for Tax Audit | 19 Feb 2025, 08:10 PM |
| Anirban Chakrabarty | Member | Nagpur | Yes, I support the cause for inclusion of Cost Accountant under definition of Accountant under new Income Tax Rule. | 19 Feb 2025, 08:10 PM |
| Satprem Pal | Student | Bhubaneswar, Odisha | Cost Accountant should be included in Accountant definition of Income Tax bill 2025 | 19 Feb 2025, 08:09 PM |
| Pradeep Kumar | Member | MACHILIPATNAM | 19 Feb 2025, 08:09 PM | |
| NITHISH S | Student | coimbatore | 19 Feb 2025, 08:09 PM | |
| SADEK SHAIKH | Member | Nashik | CMA’s also possess deep knowledge of financial reporting, internal controls, and compliance, similar to Chartered Accountants (CAs). Recognizing CMAs would provide businesses and taxpayers with an alternative pool of qualified professionals. CMAs already assist in GST audits, transfer pricing, and cost audits, areas closely related to direct and indirect taxation. CMA’s inclusion would enhance the quality of tax compliance, assessments, and dispute resolution. | 19 Feb 2025, 08:09 PM |
| Balaprakash Harikrishnan | Member | Chennai, Tamil Nadu | Having served in senior finance profession for 3 decades, it’s very painful to hear non-inclusion . I am confident that government will consider and come out with amendment soon |
19 Feb 2025, 08:09 PM |
| DASARI HANUMANTHA REDDY | Member | KURNOOL | WE ARE EQUALLY GOOD AS ANY OTHER CHARTERED ACCOUNTANT. IT WILL ONLY HELP THE TAXPAYERS IN COMPLYING THE LAW. | 19 Feb 2025, 08:09 PM |
| Rishabh Mishra | Lucknow | 19 Feb 2025, 08:09 PM | ||
| CMA Anil sharma | Member | CHANDIGARH | Cost Accounting determine Cost of a product n margin where as financial accounting workout Profit of a busines entity. So Cost Accounting has bigger prospective hence serve for Income Tax Audit | 19 Feb 2025, 08:09 PM |
| Chandana Jena | Others | Chennai, Tamilnadu | In ICWA/ICMA we have Direct Tax and Indirect Tax Sylabus. Also after passing CMA(Grad ICMA) a person has to get 15 months Industrial Experience in Costing , Accounting and Taxation. Hence a CMA is always equivlent to a CA person. Therefore a CMA is eligible as an Accountant as per Income Tax Act,1961 & 2025. | 19 Feb 2025, 08:09 PM |
| Mohammed Abdul Wasay | Member | Hyderabad Telangana | Yes I support it | 19 Feb 2025, 08:09 PM |
| UDAY KUMAR REDDY THAANDRA | Student | HYDERABAD | 19 Feb 2025, 08:09 PM | |
| S BALASUBRAHMANYAM | Member | Dhanbad | CMA Profession to be included as they are equally competent | 19 Feb 2025, 08:09 PM |
| Sateesh Kumar Gandikota | Member | Hyderabad | This is very much required and all CMAs are eagerly waiting for a positive outcome. This would really help the nation in optimization of utilising the equally competent professionals for better compliances and healthier competition amongst professional bodies. Please cease atleast now the unreasonable and huge quantum of injustice being done to CMAs in the country that too for betterment of the nation in fiscal eco system. |
19 Feb 2025, 08:09 PM |
| Shweta mishra | Student | Moga | 19 Feb 2025, 08:08 PM | |
| Sakthi Manoharan | Others | Tamilnadu | Include CMA in Accountant definition under new income tax act (DTC 2025). This will remove monopoly and brings efficiency for taxpayers for filing 44AB TAX AUDIT before given time and reduces burden on chartered accountant |
19 Feb 2025, 08:08 PM |
| khaja jalal uddin | Member | Hyderabad | Inclusion of CMA in New Income Tax Act-2025 | 19 Feb 2025, 08:08 PM |
| Naved khan | Student | Agra | Yes, I support the CMA should include in the definition of accountant in income tax act | 19 Feb 2025, 08:08 PM |
| Deep Navin Lala | Student | Pune | CMA'S Should Be Included as an Accountant under Income Tax Bill,2025 | 19 Feb 2025, 08:08 PM |
| Aryan Singh | Student | Hyderabad | I support the inclusion of CMA as a accountant definition in the new Income tax bill 2025. | 19 Feb 2025, 08:08 PM |
| Pawan Kumar Sharms | Member | IITO New delhi | CMA are well trained and experienced in Income tax / Accounting and auditing. CMA must be included in definition to compete with the monopoly as done by CA profession. Due to this big revenue loss to the government. So CMA must be included in"accountant definition |
19 Feb 2025, 08:07 PM |
| Srikant | Member | Ranchi | I extend my support to include Cost Accountants in the definition of Accountant in the Income Tax Bill 2025 | 19 Feb 2025, 08:07 PM |
| Pramod Derle | Member | Maharashtra | Cost Accountants are highly qualified professionals with in-depth knowledge of cost management, taxation, and financial analysis. They play a crucial role in various sectors by ensuring proper compliance, improving financial efficiency, and supporting businesses in making strategic decisions. In fact, Cost Accountants are already recognized by banks and financial institutions for preparing and certifying loan proposals for corporates. By including Cost Accountants in tax audit eligibility, the government will not only widen the pool of qualified professionals but also ensure greater compliance and improved tax governance. Furthermore, it will help in reducing the workload on Chartered Accountants and enable a more diversified approach to auditing. I sincerely request you to kindly consider this proposal and support the recognition of Cost Accountants in the upcoming Direct Tax Code 2025. We are confident that this inclusion will strengthen the country's financial and taxation ecosystem. |
19 Feb 2025, 08:07 PM |
| Priyanshi Chauhan | Student | Delhi | Please add CMA in the definition of ACCOUNTANT | 19 Feb 2025, 08:07 PM |
| Priya bhojwani | Student | Bilaspur | 19 Feb 2025, 08:07 PM | |
| Deepak Kumar Dubey | Member | Jaipur | CMA must be included | 19 Feb 2025, 08:07 PM |
| SHIV SHANKAR | Member | Bokaro | 19 Feb 2025, 08:06 PM | |
| DURAIMURUGAN V | Student | Chennai | I support the to change the Accountant definition that's include the Cost Accountant in the new Income tax bill 2025 for Tax audit | 19 Feb 2025, 08:06 PM |
| Rakesh khire | Member | Pune | We all three professionals CA, CMA, CS are going under same syllabus. All our exams are tough. We CMA are expertise in accounts, finance, taxation, costing, corpate law. Now the times comes to permit all type of professionals to work in eachother field freely. CMA already have very little scope in tax and accounting sector due to legal provisions. We request you to allow CMA to perform statutory audit & tax audit of all type of firms. This will help all industries as many professionals will be available at a low professional charges | 19 Feb 2025, 08:06 PM |
| CMA Pradeep Dixit | Member | Lucknow | Inclusion of CMA as an accountant | 19 Feb 2025, 08:06 PM |
| Nousheen P | Student | Hyderabad | Every CMA is eligible | 19 Feb 2025, 08:05 PM |
| Sandeep Kumar | Member | Gurgaon | 19 Feb 2025, 08:05 PM | |
| Gokul | Student | Kotagiri | Included CMA in Accountant definition under new income tax act (DTC 2025). This will remove monopoly and brings efficiency for taxpayers for filing 44AB TAX AUDIT before given time and reduces burden on chartered accountant. |
19 Feb 2025, 08:05 PM |
| Chetan Iranna Gobbur | Student | Solapur | Yes! I support the cause | 19 Feb 2025, 08:05 PM |
| Sai sameer Nagam | Member | Hyderabad | Practicing Cost accountant | 19 Feb 2025, 08:05 PM |
| Arshin Shaikh | Student | Maharashtra | 19 Feb 2025, 08:05 PM | |
| Firoz khan Pattan | Member | GUNTUR | Cost accountant should be included in Accountant definition of New Income tax 2025 | 19 Feb 2025, 08:05 PM |
| Shaheer PK | Others | Ajman | 19 Feb 2025, 08:05 PM | |
| Jitendra Vekariya | Member | Gujarat | Yes I Support the cause | 19 Feb 2025, 08:04 PM |
| Akula Dhanush Kumar | Student | Andhra Pradesh | 19 Feb 2025, 08:04 PM |