| Name | Category | City | Message | Date |
|---|---|---|---|---|
| Mohammed savad. E | Student | Kerala | *Cost Accountants* in the Definition of " *Accountants* " under the proposed Income Tax Bill -2025 |
24 Feb 2025, 07:09 AM |
| Aishwarya Deshpande | Student | Karad | I support |
24 Feb 2025, 07:08 AM |
| Ankita kapale | Student | Chhatrapati sambhajinagar | Please give the tax audit to CMA and CS also | 24 Feb 2025, 07:02 AM |
| Fathima Shana | Student | Kerala | Under definition of 'accountant' kindly add cost accountants. We are studying this course such a hard working. It's not fair | 24 Feb 2025, 06:58 AM |
| P MARUTHI REDDY | Member | Mysore, Karnataka | Cost and Management Accountants competent enough to be recognised as "Accountants" under the proposed Income Tax Bill 2025. | 24 Feb 2025, 06:53 AM |
| Babul bhuyan | Student | Odishq | Cost Accountants are capable professional to take up the Tax related matters and need to be recognized | 24 Feb 2025, 06:50 AM |
| Rakesh Gupta | Student | Guwahati, Assam | Currently, under section 288(2) of the Income Tax Act, 1961 only chartered accountants (CAs) are recognised as "Accountant" for the certification and audit purpose. However CMA & CS also possess expertise in taxation, accountancy, compliance and corporate governance making a strong case for their inclusion. |
24 Feb 2025, 06:50 AM |
| Pramod Kumar Mohapatra | Member | Bhubaneswar | CMA also a Account | 24 Feb 2025, 06:48 AM |
| Bikram Keshari Mahanty | Berhampur, Odisha | 24 Feb 2025, 06:45 AM | ||
| Vansh agarwal | Student | Bijnor, Uttar Pradesh | 24 Feb 2025, 06:43 AM | |
| Jagadish Chandra Patra | Member | Chinsurah | Cost Accountant/ Cost and Management Accountant may please be included in the definition of Accountants under Income Tax Act, 2025.as they are qualified Accountants under an Act of Parliament “ Cost and Works Accountants Act, 1959. I think Income tax Act, 2025, be impartial, as it governs all citizens of India and all residents of India. | 24 Feb 2025, 06:40 AM |
| Shaik.Noushad | Student | Nellore | 24 Feb 2025, 06:32 AM | |
| Jayalakshmi S | Student | Chennai | 24 Feb 2025, 06:31 AM | |
| Shalini Gupta | Member | Delhi | Inclusion of CMA professionals by Government in Income tax act | 24 Feb 2025, 06:26 AM |
| CMA Maithili Malpure | Member | Nashik | 24 Feb 2025, 06:19 AM | |
| Deepa Princy | Student | Dindigul | 24 Feb 2025, 06:18 AM | |
| SUNIL KUMAR BHATIA | Member | Gurgaon | Cost Accountants are fully competent to conduct Tax Audit | 24 Feb 2025, 06:11 AM |
| Jahnavi Amineni | Student | Rajampet | 24 Feb 2025, 06:10 AM | |
| Vikas Chauhan | Member | Mumbai | Member of the Institute and a Financial due Diligence professional (3+ yrs of experience). | 24 Feb 2025, 06:08 AM |
| Shifa Fathima KK | Kozhikode | PETITION TO THE PARLIAMENT FOR INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX BILL-2025 | 24 Feb 2025, 05:58 AM | |
| Bhawna | Student | I am a qualified CMA, I support the cause. | 24 Feb 2025, 05:51 AM | |
| Rohit Ray | Student | Ghaziabad | It is required to add CMA in the Accountant Definition | 24 Feb 2025, 05:45 AM |
| Sanjana | Student | Kerala | 24 Feb 2025, 05:25 AM | |
| Netra Mohan Swain | Member | Bhubaneswar | In all profession several institutions are authorised to contribute their professionalism for quality in the work & serving the people/nation.There is no such monopoly of one institution. For Example in Medical profession there is no restriction that one medical college/university shall carry out a particular medical treatment, in legal profession there is no restriction that one law colleges/Universities will carry out a particular legal work, in Engineering there is no restriction that a particular engineering college/ university shall do the particular engineering work. But in case Tax Audit it is very unfortunate that professionals of one institution can only do the Tax Audit. Hence, my request that professionals of Institute of Cost Accountants of India who are very much capable of doing Tax Audit needs to be included in the New Income Tax Act-2025. | 24 Feb 2025, 05:13 AM |
| Birendra Singh | Member | Jharkhand | Should not created monopoly. Everyone has opportunity to prove himself. |
24 Feb 2025, 05:11 AM |
| vishnu subramanian | Student | Palakkad | Those who work hard must have the eligibility too | 24 Feb 2025, 05:00 AM |
| Bhavika | Student | Mumbai | Inclusion of cost accountants in definition of accountants and we request for tax audit | 24 Feb 2025, 04:51 AM |
| S. Senbaganathan | Others | Sivaganga | CMA Professionals should be considered for Tax Audit. It will give more scope to the clients also. | 24 Feb 2025, 04:41 AM |
| Divyam Jain | Student | GUWAHATI | CMAs are highly qualified to conduct tax audits, having mastered taxation through rigorous education and practical training. Our expertise in tax laws, financial compliance, and cost analysis makes us essential for a transparent and efficient tax system. Excluding CMAs from the New Income Tax Act 2025 would mean overlooking a powerhouse of financial acumen. It's time to recognize our rightful role and harness our expertise for a stronger, more accountable taxation framework!" | 24 Feb 2025, 03:45 AM |
| Anbazhagan | Others | Puducherry | Consider CMA is eligible to become accounts auditors | 24 Feb 2025, 03:11 AM |
| Kanika Sharma | Indore/Madhya Pradesh | 24 Feb 2025, 02:21 AM | ||
| jamil | Student | Motihari | Tax audit for cma | 24 Feb 2025, 02:10 AM |
| Parth Minocha | Student | GHAZIABAD | CMA has all the knowledge required to be regarded as an accountant. | 24 Feb 2025, 02:07 AM |
| Vignesh Sridharan | Others | Chennai, Tamilnadu | I am a semi (inter completed) cost accountant. | 24 Feb 2025, 02:01 AM |
| Ahmed | Student | Aligarh | Inclusion of cost accountants in the definition of accountants under the proposed income tax bill 2025 23-02-2025 | 24 Feb 2025, 01:47 AM |
| Shezin | Student | Kannur, kerala | 24 Feb 2025, 01:31 AM | |
| Ashish Kumar Baranwal | Bansi | 24 Feb 2025, 01:31 AM | ||
| shreyank dutta | Student | Kolkata | We should have equal opportunity to work | 24 Feb 2025, 01:25 AM |
| Sumit Gupta | Kolkata | 24 Feb 2025, 01:17 AM | ||
| FARZANA MOIDEENKUTTY | Member | Thrissur | I support | 24 Feb 2025, 01:15 AM |
| Nikita | Student | New delhi | Its all about knowledge and skills that we also have.. | 24 Feb 2025, 01:12 AM |
| Munavira | Student | Dharmashala | 24 Feb 2025, 01:08 AM | |
| SUBRAT SAMAL | Member | Dhenkanal | As CMAs are studying taxation in detail in their study curriculum they should be given an opportunity for tax audit. Hence they should be called as an accountant as per income tax Act. | 24 Feb 2025, 01:06 AM |
| Nikumoni Konwar | Others | Guwahati/Assam | 24 Feb 2025, 12:59 AM | |
| Sahil | Student | ajmer | inclusion of cost accountant in definition of income tax act,2025 | 24 Feb 2025, 12:52 AM |
| Aswathi R | Tamilnadu | 24 Feb 2025, 12:50 AM | ||
| Adithya chandra | Student | Kerala | CMA should be included in Accountant definition under Income Tax Act 2025 | 24 Feb 2025, 12:45 AM |
| Yougal Minocha | Member | Delhi NCR | 24 Feb 2025, 12:43 AM | |
| Suman Sarkar | Student | Haldibari | 24 Feb 2025, 12:25 AM | |
| ADIL P K | Student | TIRUR | 24 Feb 2025, 12:23 AM | |
| Het shah | Student | Ahmedabad | 24 Feb 2025, 12:19 AM | |
| Lipu Kumar Sahoo | Member | Odisha | I support | 24 Feb 2025, 12:16 AM |
| Prateek Chauhan | Student | Uttar pradesh | 24 Feb 2025, 12:15 AM | |
| Sneha vijayan | Student | Palakkad | 24 Feb 2025, 12:15 AM | |
| Aman Naik | Member | Mandi | 24 Feb 2025, 12:15 AM | |
| Kriti | Student | Gaya/Bihar | 24 Feb 2025, 12:02 AM | |
| Hemantalaxmi Mangaraja | Hyderabad | 24 Feb 2025, 12:01 AM | ||
| Somnath Chakraborty | Member | Kolkata | I support the inclusion of Cost Accountants in the definition Accountant which would create a level playing ground. | 23 Feb 2025, 11:53 PM |
| Himanshu Kumar | Student | Siwan Bihar | CMA should be equally empowered for Tax Audit. Yes, I support for petition |
23 Feb 2025, 11:52 PM |
| Chandan Kumar | Student | Siwan Bihar | CMA s are also capable for Tax audit Requesting the inclusion of cost accountants in the income tax bill |
23 Feb 2025, 11:50 PM |
| Shahana Muhammed | Calicut | Yes I support this cause | 23 Feb 2025, 11:48 PM | |
| Khushi Verma | Student | Indore, madhya pradesh | 23 Feb 2025, 11:48 PM | |
| SIJAH MUHAMMED M.K | Student | Karala | 23 Feb 2025, 11:45 PM | |
| Muhammad shamir | Student | Malappuram | 23 Feb 2025, 11:43 PM | |
| Monalisa swain | Member | Bhubaneswar | 23 Feb 2025, 11:43 PM | |
| Aaradhana sharma | Student | Delhi | Tax audit for CMA | 23 Feb 2025, 11:42 PM |
| Ankit Raj Gupta | Student | Bokaro | CMA's are equally important for this role. | 23 Feb 2025, 11:42 PM |
| Aryan Singhai | Student | Uttar Pradesh | CMAs are highly qualified to conduct tax audits, having mastered taxation through rigorous education and practical training. Our expertise in tax laws, financial compliance, and cost analysis makes us essential for a transparent and efficient tax system. Excluding CMAs from the New Income Tax Act 2025 would mean overlooking a powerhouse of financial acumen. It's time to recognize our rightful role and harness our expertise for a stronger, more accountable taxation framework!" | 23 Feb 2025, 11:41 PM |
| Bijay Kumar choudhary | Member | Jharkhand | Including CMA AS ACCOUNTANT | 23 Feb 2025, 11:41 PM |
| Aysha | Student | Kerala | I support this | 23 Feb 2025, 11:39 PM |
| Muhammed Sidhan AP | Student | Kerala | As a CMA student we are studying tax laws as CA students do, So it is very clear that we are also achieving our profession with high level of hardwork and studying, so I think as CA, CMA also eligible for doing TAX AUDIT | 23 Feb 2025, 11:37 PM |
| Sabarish Kumar | Student | Cuddalore | Inclusion of cost accountants in the definition of accountants under the proposed income tax bill 2025 | 23 Feb 2025, 11:35 PM |
| Ayush | Student | Delhi | I support that they should include cost accountant in the defination of accountant | 23 Feb 2025, 11:32 PM |
| Salman | Student | Kerala | 23 Feb 2025, 11:26 PM | |
| Eedala Mohana Murali | Member | Mysuru | 23 Feb 2025, 11:25 PM | |
| Mohammed Rahees P | Student | Tirur | I support | 23 Feb 2025, 11:24 PM |
| Fathima Serin N | Student | Karunagapally | 23 Feb 2025, 11:23 PM | |
| Muhmmed Jesi Mubarack K C | Student | KOZHIKODE | 23 Feb 2025, 11:22 PM | |
| Sree Lakshmi | Student | Kerala | 23 Feb 2025, 11:21 PM | |
| Kvrgs sastry | Member | Ramagundam | 23 Feb 2025, 11:20 PM | |
| Anulakshmi | Student | Kerala | I do support this | 23 Feb 2025, 11:18 PM |
| Dipen | Student | Ambernath | 23 Feb 2025, 11:15 PM | |
| Nesrin | Student | Tirur | 23 Feb 2025, 11:14 PM | |
| Naveen | Others | Bengaluru | 23 Feb 2025, 11:13 PM | |
| Palagiri Rajasekhar Reddy | Member | Bangalore | This is the right time to include cost accountant in definition of Accountant. | 23 Feb 2025, 11:13 PM |
| SHISHUPAL KHORAGADE | Member | Nagpur | 23 Feb 2025, 11:12 PM | |
| Umesh Karne | Member | Thane Maharashtra | Memorandum for Inclusion of “Cost Accountant” in the definition of “Accountant” Under Section 515(3)(b) of the Income-Tax Bill, 2025 1. The Institute of Cost Accountants of India (ICMAI) was set up under the Cost Accountants Act enacted by Parliament in 1959 to regulate and develop the profession of Cost Accountancy in India. 2. The Institute of Chartered Accountants of India (ICAI) was set up under the Chartered Accountants Act enacted by Parliament in 1949 to regulate and develop the profession of Chartered Accountancy in India. 3. Historically, the Income Tax Act of 1961 defined the term ‘accountant’ to mean Chartered Accountants (CAs), as the Cost Accountants’ profession was still in its infancy. 4. However, over the years, Cost Accountants have evolved with rigorous training and have contributed significantly to the areas of taxation, accounting, management accounting, cost accounting and auditing. 5. Both ICAI & ICMAI are founder members of all international bodies of accountants, viz., International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA). 6. Today, both Cost Accountants and Chartered Accountants are widely recognized under various statutes and play critical roles in tax compliance and representation before authorities. Some of the areas under various statutes where Cost Accountants have been representing before the Govt. Authorities with other peer accounting professionals are stated as under: o Goods and Services Tax [GST] - {Initially, under section 35(5) of CGST Act, Chartered Accountants as well as Cost Accountants were eligible for GST Audit though section 35(5) has been omitted later} [Special audit u/s 66 (i) of CGST shall be conducted by Chartered Accountant or Cost Accountant] o Customs Act o Erstwhile Central Excise Act o Service Tax Act o VAT Audit/Certifications under all states’ VAT Act o Tax Return Preparer (Amendment) Scheme, 2018 o Appearances before Sales Tax Authorities o Certification under Foreign Trade Policy o Stock Audit, Concurrent Audit, Forensic Audit and other professional services of various Banks. o In Companies Act 2013, section 138 defines that Internal Auditor shall be a Chartered Accountant or Cost Accountant. o Both are eligible for Insolvency professional by Insolvency and Bankruptcy Board of India (“IBBI”) and Registered Valuer under 247 of the Companies Act, 2013. 7. The 49th Report of the Parliamentary Standing Committee on Finance (15th Lok Sabha) on the “Direct Taxes Code Bill, 2010” emphasized the necessity for broader inclusion of finance professionals. By recommending the inclusion of Cost Accountants, the Committee recognized their critical role in providing SMEs with a cost-effective and simplified tax compliance option. The Direct Taxes Code (DTC) 2013 formally proposed to expand the definition of “accountant” to include Cost Accountants and Company Secretaries, showing progressive legislative intent towards recognition of broader professional expertise. 9. The 122nd Report of the Department Related Parliamentary Standing Committee on Commerce on Ease of Doing Business (December 21, 2015) supported this approach by explicitly recommending the inclusion of Cost Accountants, Company Secretaries, and other financial professionals in the definition of “accountant.” 10. Both CA and CMA are known as “Accountant” as well as “Auditor”, as pronounced by Supreme Court & High Courts in several judgements. 11. Notably, Section 142(2A) of the Income Tax Act, 1961 allows the appointment of Cost Accountants for inventory valuation. 12. Globally, Cost Accountants are treated at par with other accounting professionals. South Asian and European Countries recognize Cost Accountants as ‘accountants’ and ‘auditors.’ 13. Inclusion of “Cost Accountant” in the definition of “Accountant” under Section 515(3)(b) of the Income-Tax Bill, 2025 will provide a fair opportunity and recognition to the professional expertise of Cost Accountants, ensuring a more inclusive and strengthened tax framework of the country |
23 Feb 2025, 11:10 PM |
| Vaishakh | Student | Kerala | Cost Accountants are capable professional to take up the Tax related matters and need to be recognized | 23 Feb 2025, 11:08 PM |
| Vishnu G | Student | For the change! For letting cost accountant making valuable contribution in the field of taxation and business advisory | 23 Feb 2025, 11:07 PM | |
| Arunima mol | Student | kerala | Yes I support the cause | 23 Feb 2025, 11:07 PM |
| Subhendu Mondal | Member | Thane/Maharashtra | I support the cause | 23 Feb 2025, 11:07 PM |
| Pavani | Student | Ap | 23 Feb 2025, 11:06 PM | |
| Ramavtar Vyas | Student | Sridungargarh | I support it | 23 Feb 2025, 11:05 PM |
| MUHAMMED SUHAIL K | Student | Kerala | 23 Feb 2025, 11:04 PM | |
| Arpit Saxena | Student | Ghaziabad Uttar pradesh | "CMAs are highly qualified to conduct tax audits, having mastered taxation through rigorous education and practical training. Our expertise in tax laws, financial compliance, and cost analysis makes us essential for a transparent and efficient tax system. Excluding CMAs from the New Income Tax Act 2025 would mean overlooking a powerhouse of financial acumen. It's time to recognize our rightful role and harness our expertise for a stronger, more accountable taxation framework!" | 23 Feb 2025, 11:00 PM |
| paavani Goyal | Student | New Delhi | I want to support | 23 Feb 2025, 10:57 PM |
| Adithyan Raviprakash | Student | Kerala | 23 Feb 2025, 10:57 PM | |
| Minha | Student | Kozhikode | 23 Feb 2025, 10:56 PM | |
| Mizba | Student | Kannur/kerala | Inclusion of cost accountants in the definition of accountants under the proposed income tax bill 2025 | 23 Feb 2025, 10:55 PM |
| Anandu R Krishnan | Student | Kollam/Kerala | Please consider we people also, we are also Accountants. | 23 Feb 2025, 10:55 PM |