| Name | Category | City | Message | Date |
|---|---|---|---|---|
| Kritika Sharma | Student | Guwahati | CMA should be included in the definition of "Accountants".As we also struggle to be a member of the institute.CA people only defame us | 23 Feb 2025, 06:45 PM |
| Smita dasgupta | Student | Assam | 23 Feb 2025, 06:45 PM | |
| Sneha debnath | Student | Assam | GRANTING OF TAX AUDIT TO CMAs | 23 Feb 2025, 06:44 PM |
| Kashish garg | Student | Guwahati | 23 Feb 2025, 06:44 PM | |
| Harshika Jain | Student | Assam | 23 Feb 2025, 06:44 PM | |
| ANNU THOMAS | Kerala | 23 Feb 2025, 06:44 PM | ||
| Diya Jamatia | Student | Guwahati | 23 Feb 2025, 06:44 PM | |
| Rohan Kalwar | Guwahati | I support the Petition | 23 Feb 2025, 06:44 PM | |
| Pitambar Bhattarai | Student | Guwahati, Assam | We want inclusion of cost accountant in the definition of accountant as per income tax bill. We also want the govt to include our CMA Professional to conduct Tax Audit . | 23 Feb 2025, 06:44 PM |
| RajSaranya | Others | Chennai | 23 Feb 2025, 06:43 PM | |
| Ayushi jain | Student | Indore / MP | 23 Feb 2025, 06:42 PM | |
| Diksha Poddar | Student | Barpeta | Yes, I support the cause. | 23 Feb 2025, 06:42 PM |
| Prasann | Student | Guwahati | 23 Feb 2025, 06:42 PM | |
| Ranajit Chowdhury | Student | Anandanagar Pandu-12 | I support | 23 Feb 2025, 06:41 PM |
| Annay kumar gorain | Student | Bokaro Steel City | We support | 23 Feb 2025, 06:41 PM |
| Abu Tufail | Student | Assam | 23 Feb 2025, 06:41 PM | |
| Sachin Kumar | Others | Rajasthan | Inclusion of CMAs in the defination of "accountant" would be beneficial for both the profession and the overall tax audit process. | 23 Feb 2025, 06:39 PM |
| Subhankar Badapanda | Student | Sonepur | Yes | 23 Feb 2025, 06:36 PM |
| CMA PINKY RAJKUMARI | Member | Guwahati/ Assam | We Cost Accountant deserves to be included in the definition of Accountant under Income Tax Act | 23 Feb 2025, 06:36 PM |
| Jitendar Sood | Member | Noida | Inclusion of CMA is must. They are extremely competent to perform these tasks | 23 Feb 2025, 06:35 PM |
| Parag Rane | Member | Aurangabad Maharashtra | 23 Feb 2025, 06:35 PM | |
| RAKESH KUMAR | Others | Rajasthan | CMAs are highly competent for tax audits, they should be included in the definition of "accountant". | 23 Feb 2025, 06:35 PM |
| B K Raja | Member | Kolkata | As has been done in the definitions under Companies Act 2013 and GST Act 2017, here also CMA's should be included in the definition of Accountants. This will broaden the base of tax auditors. | 23 Feb 2025, 06:35 PM |
| M.karthiga devii | Student | City | Considered CMA | 23 Feb 2025, 06:34 PM |
| G B Archana | Student | Andhra Pradesh | 23 Feb 2025, 06:33 PM | |
| SUSHEEL JOSHI | Others | Lagos | 23 Feb 2025, 06:33 PM | |
| Kedar Hegde | Member | Karnataka | I support for CMA's | 23 Feb 2025, 06:32 PM |
| Sumanth Reddy | Student | Kadapa | Include | 23 Feb 2025, 06:30 PM |
| Deepak dash | Member | Assam | 23 Feb 2025, 06:29 PM | |
| Karan Roy | Student | Kolkata/west bengal | 23 Feb 2025, 06:26 PM | |
| Vineet Kumar Jain | Member | Noida | Yes tge definition should be amdnded to include cost accountants | 23 Feb 2025, 06:23 PM |
| Shruti Sagar | Student | Howrah | 23 Feb 2025, 06:22 PM | |
| Rajesh Kumar | Member | UP | To make finance sector effective inclusion of Company secretaries and CMAs as pat with CA in Accountants definition under Income tax Act | 23 Feb 2025, 06:19 PM |
| Pranay bharath | Member | Kurnool | 23 Feb 2025, 06:19 PM | |
| Narayanan Dhandapani | Others | Hyderabad | CMA should be included under accountant definition as per IT act. | 23 Feb 2025, 06:18 PM |
| Sudha Narayanan | Hyderabad | Cma should be included under accountant definition as per IT act | 23 Feb 2025, 06:18 PM | |
| Abhishek Kumar | Student | Dhanbad | 23 Feb 2025, 06:17 PM | |
| Selvaraj Kaveri | Member | CHENNAI | Inclusion of Cost Accountants as "Accountants" Under Section 515(3)(b) of the Proposed Income Tax Act, 2025 I am petitioning the Parliament of India to recognize Cost Accountants as "Accountants" under Section 515(3)(b) of the proposed Income Tax Act, 2025. This initiative seeks to rectify the long-standing exclusion of Cost and Management Accountants (CMAs) from the definition of "Accountants," which has unfairly restricted their professional practice in taxation and financial reporting. Rationale for Inclusion 1. Competence and Expertise: CMAs undergo rigorous training in costing, taxation, financial reporting, and auditing, making them well-qualified to certify financial statements and tax returns. 2. Global Best Practices: Many countries, including the United Kingdom, Canada, and Australia, recognize cost accountants as professional accountants. India must align with global standards. 3. Bridging the Professional Gap: Excluding CMAs from the definition of "Accountants" limits businesses from leveraging their expertise, leading to unnecessary dependence on a single professional body. 4. Strengthening Tax Compliance: Cost Accountants play a crucial role in cost audits, transfer pricing, and indirect taxation. Their inclusion will enhance tax compliance, reduce tax evasion, and improve financial transparency. Demand for Legislative Amendment I along with my professional colleagues , urges the Hon'ble Members of Parliament to amend Section 515(3)(b) of the proposed Income Tax Act, 2025, by explicitly including Cost Accountants in the definition of "Accountants." This recognition will ensure a level playing field and empower CMAs to contribute effectively to the nation’s financial ecosystem. The exclusion of Cost Accountants is a matter of professional injustice, and I strongly seek parliamentary intervention to correct this anomaly. |
23 Feb 2025, 06:15 PM |
| Surendra Khemani | Kolkata | 23 Feb 2025, 06:14 PM | ||
| Sanyam | Student | Rajpura,Punjab | I support this petition | 23 Feb 2025, 06:14 PM |
| Jinson.C.S | Member | Kerala | 23 Feb 2025, 06:13 PM | |
| Jaydeep Malaviya | Member | Surat | 23 Feb 2025, 06:12 PM | |
| Angappan Maruthachalam | Member | Chennai | 23 Feb 2025, 06:11 PM | |
| Aadarsh Agnihotri | Student | Bhopal (M.P.) | CMA should be included in the definition of "Accountants" in the new Income Tax Bill. Skillset of a CMA doesn't differ from that of a CA, except the feild of specialization i.e. Cost accounting and Management accounting and Operations rather than Account maintenance and Audit. | 23 Feb 2025, 06:11 PM |
| Ashwin Sharma BS | Member | Karnataka | I support the cause | 23 Feb 2025, 06:10 PM |
| Sudheendra H S | Member | Karnataka | 23 Feb 2025, 06:09 PM | |
| Sujash Sarkar | Member | Gurgaon | 23 Feb 2025, 06:09 PM | |
| CMA ANIRUDDH GUPTA | Member | Ujjain (MP) | The New Income Tax Bill 2025 was introduced in the Lok Sabha on 13th February 2025. The purpose of this bill is to simplify the complex Income Tax Act of 1961. The primary objective mentioned by the Minister is to reduce disputes / litigation involving the tax system and bring Ease of Compliance. ICMAI as well as ICSI have represented their inclusion quoting industries and businesses will require more qualified professionals for taxation and compliance purpose preventing dependency on any single profession and ensuring a competitive, quality-driven tax ecosystem. Lets look what could be points which may be relevant for such inclusion of CMAs for Income Tax Audits, are - 1. ICMAI is recognised an accounting body formed by Act of Parliament. It’s affiliated to IFAC (International Federation of Accountants), CAPA, SAFA. Further Cost Accountants are authorized to be an Auditor as per definition in section 2 of CWA Act. 2. Curriculum of CMA extensive coverage of Income Tax Law at the Intermediate Stage in PAPER 7: Direct and Indirect Taxation (DITX) & at Final Stage PAPER 15: Direct Tax Laws and International Taxation (DIT). 3. Strengthening MSME Tax Governance - MSMEs often lack structured tax compliance due to limited resources. CMAs, with their experience in cost management and financial structuring, can help optimize tax liability while ensuring full compliance, benefiting small businesses and increasing tax revenues. 4. Recognition as at par under all other Statutes- – Goods and Services Tax [GST] – Companies Act as an Internal Auditor (sec 138) – Co-operatives Societies Act in States like Karnataka, Maharashtra, HP, West Bengal – Tax Return Preparer (Amendment) Scheme, 2018 – Erstwhile Central Excise Act & Service Tax Act – Income Tax Act as Authorised representative & Audit of Inventory Valuation (Sec 142 A) – CMAs are recognized by statutory bodies for professional services in RBI, IRDAI, SEBI, IBA, MCA, IBBI, CCI, NPPA, TRAI, CERC, IFSCA, NABARD, NSDL, Ministry of Agriculture, Ministry of Commerce and Industry, Ministry of Textiles and many others. 5. Strengthening Transfer Pricing & International Taxation - CMAs are already involved in transfer pricing documentation and cost analysis for international transactions. Their inclusion in tax audits would enhance accuracy in cross-border tax compliance, preventing tax base erosion and profit shifting (BEPS). 6. Industry-Specific Tax Audit Insights - Since CMAs conduct cost audits in regulated industries (such as pharmaceuticals, infrastructure, and manufacturing), they have deep insights into sectoral taxation. Their inclusion in tax audits would ensure a more informed approach to sector-specific tax policies. 7. Expertise in Cost & Financial Analysis - CMAs have deep expertise in cost structures, cost allocations, and financial analysis, making them well-equipped to assess financial statements accurately in an Income Tax Audit. They can ensure proper disclosure and classification of expenses, reducing tax leakages. 8. ICMAI has a disciplinary mechanism in place which is required to keep check on the auditing professionals. Further, it has prescribed code of conduct, Peer review mechanism as well Quality Review Board (QRB) to ensure quality auditing services are rendered by its members. 9. Recommendation by the Parliamentary Committee to include Cost Accountants in the definition of ‘accountant’ in its 49th Report of 15th Lok Sabha, relating to “The Direct Taxes Code Bill, 2010” as well as in “DTC, 2013” & again in 122nd Report of the Department Related Parliamentary Standing Committee on Commerce on Ease of Doing Business dated 21st December, 2015. 10. 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. 11. CMA with their techno commercial skills will be able to provide value added auditing services apart from regular compliances checks which may bring more effectiveness in Tax administration system. Further, increased availability of professionals will ensure timely compliances, avoiding extensions, & competitive pricing of auditing services which will be benefiting both Tax Administration as well as Taxpayers. Our Prime Minister Narendra Modi ji has set up target of 5 trillion economy by 2025 and robust tax mechanism would play vital role in ensuring we achieve it. His vision of Viksit Bharat 2047 would mean inclusive growth for everyone not limiting to certain class. CMA professionals would definitely be an active participant in achieving the milestones set up by our leadership. As we always say its TEAM (Together Each Will Achieve More) effort. In order to encourage fair competition and in public interest such inclusion of CMAs are paramount for the growth of the nation. Request Cum Right of a professional CMA in the field of academics FCMA ANIRUDDH GUPTA |
23 Feb 2025, 06:06 PM |
| MD SHAMSHER ALAM | Student | Kolkata | We are also competent to do tax compliance and tax audit related domain | 23 Feb 2025, 06:05 PM |
| Mubeena Malvi | Student | Mumbai | 23 Feb 2025, 06:04 PM | |
| Taher Malvi | Others | Mumbai | 23 Feb 2025, 06:04 PM | |
| Haider Aliasgar Malvi | Student | Mumbai | CMA's are considered equivalent to CA's - therefore in the definition of accountant CMA's shall be included. In the case of holding knowledge both professionals have been evolving in the nation building. | 23 Feb 2025, 06:03 PM |
| Mustafa Saify | Student | Kolkata | I request the respected Govt Of India to include CMAs in the definition of Accountancy under the IT Code, 2025. As the students & members have the right amount of taxation knowledge, it would be a decline in Indian Economy in terms of tax evasion, corrupt policies and practices followed earlier. With new generation accountants, we believe that we would be able to contribute as much as Chartered Accountants are doing for this nation. | 23 Feb 2025, 06:03 PM |
| shivam kumar gupta | Student | BEGUSARAI | CMA ( Cost accounting ) must be added in new income tax act 2025 | 23 Feb 2025, 06:02 PM |
| Prity kumari | Student | Bokaro steel city /Jharkhand | Cost accountants are competent enough to do Tax audit as the course includes subject of Direct taxes in depth in both inter and final level of examinations. 23-02- | 23 Feb 2025, 05:59 PM |
| Ankit pandey | Student | PRAYAGRAJ | Incusition in accounant | 23 Feb 2025, 05:56 PM |
| Moosal Kazim Nazeer | Bangalore, Karnataka | Cost Accountants are competent to perform tax audit. | 23 Feb 2025, 05:52 PM | |
| Vineet Goel | Member | Navi Mumbai | 23 Feb 2025, 05:52 PM | |
| Pooja Chendke | Student | Maharashtra | Supports the petition of inclusion of "Cost Accountant" in the definition of "Accountant" in the new income tax bill 2025. | 23 Feb 2025, 05:51 PM |
| Anand Kumar Choudhary | Student | Rourkela | Since long time we are part of this system but without recognition so we want it in a responsible manner | 23 Feb 2025, 05:51 PM |
| Aarti Chaurasia | Others | MumbaiMaharashtra | 23 Feb 2025, 05:49 PM | |
| CMA Rajesh Kumar | Member | Delhi | CMA must be included and recognized as Accountant in Income tax also. | 23 Feb 2025, 05:47 PM |
| Ranjeet kumar sabat | Student | Berhampur | Cost accountants also studied income tax and gst, so why they don't included in the definition of accountant in respect of income tax bill. | 23 Feb 2025, 05:44 PM |
| Rehan fazal | Student | kolkata | 23 Feb 2025, 05:41 PM | |
| MOHAMMED ANAS M | Student | Kerala | 23 Feb 2025, 05:40 PM | |
| Rashid AP | Member | Kerala | 23 Feb 2025, 05:40 PM | |
| Dhiren Rohra | Others | 23 Feb 2025, 05:38 PM | ||
| Muskan Ahmed Hasan Ansari | Mumbai | 23 Feb 2025, 05:37 PM | ||
| Amit Sharma | Member | Jaipur | 23 Feb 2025, 05:35 PM | |
| Neha Tiwari | Student | Maharashtra | 23 Feb 2025, 05:34 PM | |
| selva kumar | Student | Pondicherry | Cost auditer also right accountant definition | 23 Feb 2025, 05:34 PM |
| CMA R. S Rajan | Member | Kerala | Cost Accountants are capable professional to take up the Tax related matters and need to be recognized | 23 Feb 2025, 05:33 PM |
| Bharat Zanvar | Member | Ahilyanagar | I support For Petition for Inclusion of CMA in New Income Tax Act-2025 | 23 Feb 2025, 05:33 PM |
| RAKESH GUPTA | GURGAON | Cost and Management Accounts of India must be included in the defination of Accountant and | 23 Feb 2025, 05:32 PM | |
| Nitesh Layek | Asansily | It has very much good impact | 23 Feb 2025, 05:32 PM | |
| Bhawika | Jaipur | 23 Feb 2025, 05:32 PM | ||
| Ravishankar M K | Member | Mysore | It is long awaited plea to the Govt. For inclusion of CMAs in the new IT bill 2025 | 23 Feb 2025, 05:29 PM |
| Shayeena Yusuf | Student | Chennai | Please include CMA | 23 Feb 2025, 05:29 PM |
| Saqlain | Delhi | I support this petition | 23 Feb 2025, 05:28 PM | |
| Debasish Kundu | Member | Faridabad / Haryana | 23 Feb 2025, 05:28 PM | |
| Mitesh koshti | Member | Gujarat | Must include in tax audit | 23 Feb 2025, 05:27 PM |
| Simran Kumari Sinha | Student | Raniganj / Paschim Burdwan | 23 Feb 2025, 05:26 PM | |
| Srishti Yadav | Student | Delhi | 23 Feb 2025, 05:21 PM | |
| Mantosh Sah | Student | Kolkata | Yes , we as CMA can do everything what a CA ,hence we also looking ourselves in the defination of Accountant | 23 Feb 2025, 05:21 PM |
| Mohammed Khalfan | Student | Malappuram / Kerala | With due respect, we, the members, students and supporters of the Cost and Management Accounting (CMA) profession, express our deep concern regarding the discriminatory provision in the New Tax Bill 2025, which restricts tax audit rights exclusively to Chartered Accountants (CAs), thereby excluding Cost and Management Accountants (CMAs). This exclusion is unjust and illogical, as both CAs and CMAs undergo rigorous professional training, study nearly identical subjects in taxation, auditing, financial management, and compliance, and contribute significantly to financial governance in India. CMAs are already recognized under various laws, including the GST Act, for certifying tax-related matters. However, denying CMAs the right to conduct tax audits not only undermines their professional capabilities but also creates an unfair monopoly, limiting opportunities for skilled professionals and increasing dependency on a single profession. Granting tax audit rights to CMAs will: Enhance Efficiency – Expanding the pool of qualified professionals will ease the burden on taxpayers and businesses. Promote Fair Competition – A level playing field will improve the quality of tax audits and reduce professional monopolization. Ensure Compliance & Transparency – CMAs, with their cost audit expertise, can strengthen tax compliance and revenue accuracy. In a country striving for financial inclusion and professional equality, such exclusionary policies hinder progress. We urge the government to reconsider and amend the bill, ensuring that CMAs receive their rightful tax audit privileges, just as in global economies where Cost and Management Accountants have equal rights in financial auditing and taxation. We request you to uphold the principles of fairness, merit, and professional equality by granting CMAs the rightful recognition they deserve. |
23 Feb 2025, 05:20 PM |
| Harsh Kalra | Student | New Delhi | Cost accountants are competent enough to do Tax audit as the course includes subject of Direct taxes in depth in both inter and final level of examinations. | 23 Feb 2025, 05:19 PM |
| R Sankararaman | Member | Chennai Tamilnadu | Kindly include CMAs under the definition of Accountant | 23 Feb 2025, 05:17 PM |
| Ayushi bansal | Student | Jaipur | In my opinion this should be definitely it's a need of all cma's as we don't have to explain our profession in future. | 23 Feb 2025, 05:12 PM |
| Balu | CMA included in income tax act 2025 | 23 Feb 2025, 05:11 PM | ||
| POOJA | Student | Jaipur | Inclusion of Cost Accountant's in definition of "Accountant's" as outlined in Section 513(3)(b) under proposed Income Tax Act 2015. | 23 Feb 2025, 05:11 PM |
| BiswaranjanSahu | Odisha | I'm a CMA student | 23 Feb 2025, 05:11 PM | |
| S prakash | CMA included in accounted in incomes tax act 2025 | 23 Feb 2025, 05:10 PM | ||
| Geeta kumari | Member | GURGAON | In favour of adding CMA's in definition of Accountant | 23 Feb 2025, 05:06 PM |
| HRITIK PADHY | Student | BERHAMPUR | CMA should be equally empowered for Tax Audit | 23 Feb 2025, 05:04 PM |
| Khushboo Agarwal | Student | Kolkata/West Bengal | Yes, I support for petition | 23 Feb 2025, 05:03 PM |
| K RAGHU KISHORE | Student | Hyderabad | 23 Feb 2025, 05:02 PM | |
| Ankit Kumar Mishra | Student | Kolkata | CMA should be included under the definition of Accountants as per income tax act 1961. CMA is equally capable to conduct Tax Audit as CA. In CMA curriculum, we have to study in depth concepts of Income Tax both at intermediate level as well as final level. Since we possess entire knowledge of Tax, hence, Govt. should allow CMAs also to conduct Tax Audit. | 23 Feb 2025, 05:02 PM |
| Rajeshwari Pandit | Student | Durg | Please include CMA in new income tax act-2015 | 23 Feb 2025, 05:01 PM |
| Farhat diba | Student | Bhilai | 23 Feb 2025, 05:00 PM | |
| D Roshni Patro | Member | Bhubaneswar | CMA should be included. | 23 Feb 2025, 04:59 PM |