Name | Category | City | Message | Date |
---|---|---|---|---|
Simran Sah | Student | Howrah | Yes I support the cause | 22 Feb 2025, 05:08 PM |
RAJENDRAN | Others | CMAs are fully qualified to conduct Tax Audits and possess expertise in various areas, where they can truly showcase their potential and strengths. Therefore, their exclusion from the definition is contradictory | 22 Feb 2025, 05:08 PM | |
Pandya Bhavya | Student | Gujarat | 22 Feb 2025, 05:08 PM | |
Vishnu kumar | Member | Chennai | As a member of the ICMAI, I support the cause. | 22 Feb 2025, 05:07 PM |
Supriya kuwar | Student | Howrah West Bengal | 22 Feb 2025, 05:07 PM | |
KARAN | Others | TAMILNADU | For the financial enlargement of Economy CMA should be include in the definition of Tax Audit. | 22 Feb 2025, 05:07 PM |
Abhijeet Kulkarni | Others | Aurangabad | 22 Feb 2025, 05:06 PM | |
Raja | Student | Bihar | Having a experise knowledge in field of taxation, why a cma is not added in the defination of accountant. We as a cost accountant we can more precisly do tax audit. | 22 Feb 2025, 05:06 PM |
Anjali Mangla | Student | Faridabad | We are equal to CA now then why only they are allowed to tax audit , please consider also we also do same amount of hard work which a CA do . | 22 Feb 2025, 05:05 PM |
Bikash Chandra Rout | Student | Odisha | Please add cma &cs also definition of accountant | 22 Feb 2025, 05:05 PM |
ANUBHAV KUMAR | Student | Kolkata | 22 Feb 2025, 05:04 PM | |
Arnab Jana | Student | Midnapore | we have right as a accountant | 22 Feb 2025, 05:04 PM |
Srikanth Pendyala | Member | Hyderabad | Pls include Cma in the definition of Accountants under the new tax | 22 Feb 2025, 05:04 PM |
Mukesh Malviya | Member | Ahmedabad | Yes we should be part of tax audit , one institute can’t perform better single hand . Now other institute should also involve in definition and there is no doubt that all subject we have in institute same in CA and it can be change time to time | 22 Feb 2025, 05:04 PM |
Nidhi Kumari | Kolkata | 22 Feb 2025, 05:04 PM | ||
Kedarnath mishra | Member | Bhubaneswat | From cost audit you can link operation to profit & all activity like marketing,prod. Exp interest & fin charges etc which are linked to tax audit. So cost accountants reserve to be accountants under new IT Bill'2025. Pl request all 20 LS MPs to take up the issue strongly with govt | 22 Feb 2025, 05:03 PM |
Amaran | Others | TAMILNADU | Qualified as CMA is not just like that. CMA Also put their effort towards learns about Tax Audit. So that as a Proffesion CMA should include in the Definition of Tax Audit |
22 Feb 2025, 05:03 PM |
Laxman Kumar | Student | Kolkata | 22 Feb 2025, 05:01 PM | |
Pavan | Student | MYSORE | 22 Feb 2025, 05:00 PM | |
CMA Pradeep Muduli | Member | Cuttack/Odisha | I would like to specify some valid reasons why we should be treated as Accountant 1.Comprehensive education: Our syllabus covers all taxation aspects, similar to a Chartered Accountant (CA) syllabus. 2.Expertise in tax laws and regulations: we're well-versed in Income Tax and GST Act laws and regulations.Thats the reason we are eligible for GST Audit then why not for Tax audit. 3.The term "Accountant" is already embedded in the title "Cost Accountant".This implies that a Cost Accountant is, by definition, an accountant who specializes in cost accounting. Therefore, the phrase "Cost Accountant" inherently includes the concept of an accountant. 4.Illogical Presentation by CA institute: The CA institute's argument appears to be based on protecting their turf rather than logical, fact-based reasoning.As they don't have any valid reason that's why they are only diverting the topic by saying Tax audit is our forte.Its not a positive sign of a democratic country like India to maintain the monopoly of one profession by eroding the value of another profession. 5.Historical Timing:If Our ACT had been enacted simultaneously with CA then we all would have treated as equal.Due to some time gap they got the status only and it becomes their forte. Conclusions:I Strongly believe that the our country will give equal opportunities to all the professionals as per their efforts and expertise rather based on illogical facts to maintain unfair monopoly of a particular sector,if not Give us a VALID REASON only |
22 Feb 2025, 05:00 PM |
Dhanshree chaudhari | Student | Nashik | I request to include cost accounts in the definition of accounts | 22 Feb 2025, 05:00 PM |
Arti Asthana | Others | VARANASI | 22 Feb 2025, 05:00 PM | |
Dhruv bhanushali | Student | Mumbai | Includes cma in accountant definition | 22 Feb 2025, 04:59 PM |
Snehlata rai | Student | Asansol | 22 Feb 2025, 04:59 PM | |
SUYAMBULINGARAJA | Member | Tamil Nadu | I support for this ... | 22 Feb 2025, 04:59 PM |
CMA Srija | Member | Chennai | include CMA in accountants definition of new income tax code 2025 | 22 Feb 2025, 04:58 PM |
Saktheeswaran.R | Others | Veerappanchatram | I Support Inclusion of CMA in New Income Tax Act-2025 | 22 Feb 2025, 04:58 PM |
Rakesh Bal | Student | Kolkata | It's not only open the door to practice but also ends the reservation in industry. Case name "Ruchir agarwal vs PESB" delhi high court said CA degree is more preferable over CMA degree for the post of director of finance in IOCL . CA is preferable over CMA degree because CA has more statutory recognition but in reality thousand CMA's are director finance, cfo in big companies. It's a biggest drawback for CMA'S BCG of this kind of reservation. Plz end the end the special reservation like this. | 22 Feb 2025, 04:57 PM |
CMA Sriranjani | Student | Chennai | 22 Feb 2025, 04:57 PM | |
D srilakshmi | Visakhapatnam | 22 Feb 2025, 04:57 PM | ||
Amirtha | Others | TAMILNADU | CMA should be included in the definition of 'Accountants' under the new Income Tax Bill 2025. | 22 Feb 2025, 04:56 PM |
Harshit Chandwani | Student | Durg | 22 Feb 2025, 04:56 PM | |
CMA Raja kumar | Member | Chennai | CMA and CA both are same | 22 Feb 2025, 04:56 PM |
JAIVEL | Others | TAMILNADU | It's very important to include CMA in the definition of Tax Audit. The knowledge and experience is not depends on the position as CA its all about what we learn about Tax Audit. | 22 Feb 2025, 04:56 PM |
Aditi Singh | Student | Rajgangpur Sundargarh , Odisha | Ye it's valid | 22 Feb 2025, 04:56 PM |
Kulbhusan | Member | Hariyana | I support | 22 Feb 2025, 04:56 PM |
SRITHARAN M | Others | BHAVANI | I support CMA is professionally qualified and must include in Accountant definition under Income tax Act | 22 Feb 2025, 04:56 PM |
Krishnaveni.A | Others | Bhavani | nclusion of CMA in New Income Tax Act-2025 is need for conveyance of our business | 22 Feb 2025, 04:56 PM |
Muralidharan D | Chennai | 22 Feb 2025, 04:55 PM | ||
PARTHA PRATIM MONDAL | Student | Burdwan | 22 Feb 2025, 04:55 PM | |
poovarasi | Others | Bhavani | As per the current challenging environment where the privilege of tax audit is given to CA only , the scope for CMA is very narrow and it's very difficult for us to stand and take a front position when a CA is overshadowing our profession . So, it's a humble request to include CMA in the definition of New Income Tax Act, 2025 | 22 Feb 2025, 04:55 PM |
Khushi Goyal | Student | Jaipur | we would like to take this opportunity to represent before you afresh with an appeal to give the Cost Accountants equal opportunity in the proposed new Income Tax Bill, 2025 |
22 Feb 2025, 04:55 PM |
Moumita S Hudati | Others | Howrah | CMAs are not incompetent for tax audit. | 22 Feb 2025, 04:55 PM |
Rajdeep | Student | Balasore | 22 Feb 2025, 04:55 PM | |
CMA Anusha | Member | Chennai | CMA and CA both are same | 22 Feb 2025, 04:54 PM |
Shubham Gupta | Student | Ambernath | I support the case because their should be equal competition in market between professionals it is unfare to hold the authority of tax audit to a particular profession and it should be maintained by IT authority |
22 Feb 2025, 04:54 PM |
Rajkumar Hudati | Member | Howrah | CMAs are well capable for income tax audit. | 22 Feb 2025, 04:54 PM |
CMA Aniruth | Member | Chennai | Please include CMA in accountants definition in new income tax bill 2025 | 22 Feb 2025, 04:53 PM |
Santhosh | Others | erode | As a business man I am fully agree to add CMA is accountant definition under Income Tax Act. Due to he is also well knowledge and equal to Chartered Accountant | 22 Feb 2025, 04:53 PM |
Kavin | Others | Chennai | Inclusion of CMA in New Income Tax Act-2025 | 22 Feb 2025, 04:53 PM |
Ravinder Peddi | Others | Bangalore Urban | 22 Feb 2025, 04:53 PM | |
Balamurugan | Others | Erode | For Business Purpose we need Inclusion of CMA in New Income Tax Act-2025 | 22 Feb 2025, 04:52 PM |
Rathinam | Others | Bhavani | CMA having adequacy of knowledge and need to add accountant definition |
22 Feb 2025, 04:52 PM |
Sanjana | Student | Uttar Pradesh | 22 Feb 2025, 04:52 PM | |
Gokul | Others | Erode | I strongly support to include cma in the defination of accountant and Govt should consider as a accountant and provide us Tax audits and other benefits | 22 Feb 2025, 04:52 PM |
Abhishek Chouhan | PALI | I am CMA but not taking a membership yet. | 22 Feb 2025, 04:52 PM | |
Pawan | Student | Delhi | Include cost accountant in the definition of "accountant" under new income tax bill. Since, CMA's are capable to conduct the tax audit. | 22 Feb 2025, 04:51 PM |
Nareshkumar | Others | Chennai | Include CMA in accountants definition of new income tax bill 2025 | 22 Feb 2025, 04:51 PM |
Manoj | Student | Hyderabad | 22 Feb 2025, 04:51 PM | |
Hema | Others | Gorvasa | 22 Feb 2025, 04:50 PM | |
kousalaya | Others | TAMILNADU | Cost and Management Accountants possess extensive knowledge in the fields of accounting, costing, taxation, and management. Although the curriculum is largely similar regarding the qualifications required for conducting tax audits. | 22 Feb 2025, 04:50 PM |
ADHIJIT CHATTERJEE | Student | Kolkata | Cost accountant professsion must be added to the list of accountant | 22 Feb 2025, 04:50 PM |
Vijay | Student | Chennai | include CMA in accountants definition of new income tax bill 2025 | 22 Feb 2025, 04:49 PM |
JYOTI RANJAN SAHOO | Student | Puri | 22 Feb 2025, 04:49 PM | |
Radha krishnan K S | Tirunelveli | 22 Feb 2025, 04:49 PM | ||
Vanaparthipan | Student | Chennai | Both CA and CMA equal | 22 Feb 2025, 04:48 PM |
poovarasi | Others | Bhavani | CMA professional is highly qualified and efficient to conduct tax audit | 22 Feb 2025, 04:48 PM |
Krishna Satav | Student | Pune | Respected Sir/Madam, We, the Students respectfully submiting this petition to request the inclusion of Cost and Management Accountants (CMAs) in the new Income Tax Act. CMAs play a crucial role in financial management, taxation, and cost control, making them essential contributors to economic growth and compliance. However, their exclusion from key functions under the Income Tax Act limits their ability to contribute effectively to tax administration and financial governance. I kindly urge you to consider this request. |
22 Feb 2025, 04:47 PM |
Gaurav | Student | Faridabad | CMA as accountant | 22 Feb 2025, 04:47 PM |
Praba | Student | erode | CMAs are fully qualified to conduct Tax Audits and possess expertise in various areas, where they can truly showcase their potential and strengths. Therefore, their exclusion from the definition is contradictory. | 22 Feb 2025, 04:47 PM |
Kalidoss | Others | Chennai | Include the cost accountant as a accountant | 22 Feb 2025, 04:47 PM |
Saiprasad | Member | Vosakhapatnam | CMA professional shall be included in the definition of accountant under income tax 2025 | 22 Feb 2025, 04:47 PM |
S Sreekanth | Member | Visakhapatnam | CMA professional should be included in the definition of 'Accountant' under Income tax Act 2025 | 22 Feb 2025, 04:46 PM |
Gowtham | Others | TAMILNADU | Inclusion of CMA in New Income Tax Act-2025 | 22 Feb 2025, 04:46 PM |
Gaurav | Student | Delhi | Give right for accountant to cma #CMA |
22 Feb 2025, 04:46 PM |
Mohd Ali | Student | New Delhi | I am a future Cost and Management ACCOUNTANT. | 22 Feb 2025, 04:46 PM |
Samar Mahboob | Student | UTTAR PRADESH | 22 Feb 2025, 04:45 PM | |
EZHILAVAN | Student | Chennai | CMA and CA both are same | 22 Feb 2025, 04:45 PM |
Chellamma | Others | erode | 22 Feb 2025, 04:45 PM | |
Sujit Podder | Member | Kolkata/West Bengal | We, the CMA deserves adequate qualification, quality and legal recognition to define ourselves as Account. What makes us exclude ourselves from the definition Account... please explain. Regards. |
22 Feb 2025, 04:44 PM |
PRAGNYA PRASANNA CHAMPATIRAY | Student | Khordha | Justice for cma profession | 22 Feb 2025, 04:44 PM |
Babu | Others | erode | 22 Feb 2025, 04:43 PM | |
Ayush | Student | Surat | Manager be | 22 Feb 2025, 04:43 PM |
Chanchal K Sinha | Member | Kolkata | Inclusion of Cost Accountants in the Definition of "Accountant" under the Income Tax Act The role of a Cost Accountant is integral to financial management, cost control, and tax compliance in businesses across various industries. However, the current definition of "Accountant" under the Income Tax Act does not explicitly recognize Cost Accountants, limiting their ability to certify certain financial and tax-related matters. Reasons for Inclusion: Expertise in Financial and Taxation Matters Cost Accountants, qualified under the Institute of Cost Accountants of India (ICMAI), possess in-depth knowledge of financial analysis, taxation, compliance, and cost management. Their expertise aligns with the requirements of the Income Tax Act, making them well-suited for roles involving tax audit, assessment, and advisory services. Alignment with Global Practices Many developed economies recognize Cost and Management Accountants as professionals authorized to certify financial statements and tax-related documents. Aligning Indian tax laws with international standards would enhance the credibility and efficiency of financial reporting. Enhancing Compliance and Transparency Including Cost Accountants in the definition of "Accountant" would improve compliance by expanding the pool of qualified professionals available to businesses. This would contribute to better financial governance and more effective tax administration. Parity with Other Accounting Professionals Recognizing Cost Accountants under the Income Tax Act would ensure a level playing field among qualified accounting professionals, allowing businesses to leverage their specialized skills for tax compliance and financial reporting. Conclusion Expanding the definition of "Accountant" to include Cost Accountants would strengthen financial governance, support businesses with expert tax advisory, and align Indian regulations with global best practices. This inclusion would not only benefit taxpayers but also enhance the overall efficiency of tax administration. |
22 Feb 2025, 04:42 PM |
Prasanna kumar senapati | BBSR | 22 Feb 2025, 04:42 PM | ||
shakti | Others | Faridabad | 22 Feb 2025, 04:42 PM | |
Prasannaa | Student | Tamil Nadu | We want tax audit for cma | 22 Feb 2025, 04:41 PM |
Avijit kundu chowdhury | Member | KOLKATA | I do support that cost accountant should be given the opportunity to be part of tax audit | 22 Feb 2025, 04:41 PM |
kumar | Others | erode | Inclusion of CMA in New Income Tax Act-2025 | 22 Feb 2025, 04:41 PM |
Swarnapriya Sahoo | Student | Bhubaneshwar | Cma should be included. | 22 Feb 2025, 04:41 PM |
Diwakaraiah N J | Member | Bangalore / Karnataka | I strongly support the inclusion of CMA under the definition of Accountants under the draft income tax Act 2025. This is the need of the hour and to do justice to all the traders and business men as 8t gives wider and competitive edge in selecting the tax auditors. | 22 Feb 2025, 04:41 PM |
Sudha | Student | Alapakkam | 22 Feb 2025, 04:41 PM | |
Kishore Kumar | Student | Tamilnadu | 22 Feb 2025, 04:40 PM | |
Susmita Patra | Student | Howrah | 22 Feb 2025, 04:40 PM | |
Prashant Rathi | Student | Chennai | Being equally adept in applying the laws and rules of taxation in practice, I advocate for CMA to be included in the definition of an accountant in the new DTC bill. | 22 Feb 2025, 04:39 PM |
Raunak singh | Delhi | 22 Feb 2025, 04:38 PM | ||
Ruchira pawar | Pune | 22 Feb 2025, 04:38 PM | ||
P Raghu Ram | Member | Portblair | CMA professionals to be considered as accountant for tax audits, they are rich in subject and well qualified enough to do the tax audit work | 22 Feb 2025, 04:38 PM |
Sharmishtha Padalikar | Member | Alibag maharashtra | As our institute name itself include the word accountant. According to definition of accountant in income tax Act 1961 only Chartered accountant are accountant. According to act an accountant is able to conduct income Tax audit. But tax audit is one type of an audit. An auditor is an independent professional who examines and verifies the accuracy of a company’s financial records and reports. Auditors are responsible for ensuring that financial statements are accurate and in compliance with various laws and regulations also provide assurance that an organisation’s financial statements are free from misstatements and fraud. So cost accountant can defiantly act as auditor and accountant in the domain of income tax also like other indirect tax. |
22 Feb 2025, 04:37 PM |
Rupendra Nishad | Bhilai | 22 Feb 2025, 04:37 PM |