| Name | Category | City | Message | Date |
|---|---|---|---|---|
| SEENUVASAN M | Member | Chennai | 19 Feb 2025, 04:46 PM | |
| Rashid Mustafa | Member | Gorakhpur | 19 Feb 2025, 04:46 PM | |
| Varma | Member | 19 Feb 2025, 04:46 PM | ||
| BISWAJIT PAUL | Member | WEST BENGAL | 19 Feb 2025, 04:42 PM | |
| Sudhakar Omkaram | Member | Bangalore Urban | Cost Accountants should be considered as accountants under the new Income Tax Bill as they possess specialized knowledge and expertise in financial management, taxation, and accounting. With their comprehensive training and qualification, Cost Accountants are equipped to handle complex tax matters, financial reporting, and auditing. Recognizing Cost Accountants as accountants under the new Income Tax Bill would not only be a logical step but also ensure that taxpayers have access to a broader pool of qualified professionals, promoting competition, and better services. |
19 Feb 2025, 04:12 PM |
| Tara Shanker Devashish | Member | Sahibganj, Jharkhand | The involvement of Cost Accountants in specialized areas like inventory valuation, GST audits, internal audits, and banking sector stock audits highlights their crucial role in ensuring tax compliance and financial integrity. The inclusion of CMAs in the Income Tax Act, 2025 is not just about recognizing their technical expertise but also about providing an additional layer of financial oversight that helps prevent fraud, misreporting, and tax evasion, which have historically been associated with audits performed by Chartered Accountants. Their specialized role ensures a more accurate and fair financial system. | 19 Feb 2025, 03:32 PM |
| ANAND KUMAR PANDEY | Member | Ranchi/Jharkhand | The vision of a "Viksit Bharat" (Developed India) by 2047 is a bold and transformative goal set for India’s future. The role of Cost Accountants (CMAs) in realizing this vision is critical, as they are at the heart of financial management, cost optimization, and economic strategy. Since Cost Accountants are duly recognised in GST Audit (Indirect Tax) therefore in the Income Tax (Direct Tax) Audit which is in one way complementary process of the Indian Taxation System makes inclusion of Cost Accountants is Sine Qua Non. Cost Accountant inclusion in the new Income Tax Bill-2025 will make transparent and accurate tax audits. Further CMAs recognition will help foster trust in the Indian Tax System globally. This trust will encourages more businesses and individuals to be a tax compliant, thus contributing to the country's economic growth and realising the billion dreams of Viksit Bharat. Jai Hind ! | 19 Feb 2025, 03:11 PM |