Name | Category | City | Message | Date |
---|---|---|---|---|
Dideesh K C | Member | Thrissur, Kerala | CMAs should be involved in tax audits to improve accuracy, compliance, and financial efficiency | 21 Feb 2025, 09:50 PM |
Faisal Ahmed | Member | Tamilnadu | I support | 21 Feb 2025, 09:50 PM |
surendra sharma | Member | Meerut | 21 Feb 2025, 09:50 PM | |
SA VALLIAPPAN | Member | Chennai | CMA is equivalent profession to CA | 21 Feb 2025, 09:50 PM |
Shreya Bhilare | Student | Mumbai/ Maharashtra | CMA professional kindly add into the defination of accountant it will increase good demand for this profession it will create more opportunities for students | 21 Feb 2025, 09:50 PM |
DEEPAK KUMAR BARIK | Member | Bhadrak | I support for inclusion of CMA in new income tax act 2025. |
21 Feb 2025, 09:50 PM |
Chandan | Member | Bengaluru | I support | 21 Feb 2025, 09:49 PM |
Sairam Kenguva | Student | Chennai | 21 Feb 2025, 09:49 PM | |
Amitha PS | Student | Alappuzha, kerala | 21 Feb 2025, 09:48 PM | |
Prakash | Student | Vadodara | Govt. should consider about inclusion of Cost Accountant for Tax Audit. | 21 Feb 2025, 09:48 PM |
Ahammed Ajnas vp | Student | Tirurangadi | 21 Feb 2025, 09:48 PM | |
Ravikiran Hegde | Member | Bangalore | 21 Feb 2025, 09:47 PM | |
Vishnu Vardhan Reddy Kodathala | Member | Hyderabad | 21 Feb 2025, 09:47 PM | |
Pattabiraman | Kolathuvancheri paraniputhur post chennai 600122 | 21 Feb 2025, 09:47 PM | ||
Dr T Rajesh | Member | Thiruvananthapuram | Future accounting is cost and management accounting. .Most of the financial data can be entered by artificial intelligence devices. But management accounting needs human rational thinking. Hence future account is management account | 21 Feb 2025, 09:47 PM |
Firoz Ansari | Student | New Delhi | Cma will have also right to do tax audit | 21 Feb 2025, 09:47 PM |
Mounika | Student | Visakhapatnam | 21 Feb 2025, 09:46 PM | |
Mehul Raju | Student | Kochi | Reasons to include CMA under Accountants definition. 1. CMA are not only look after cost roles but also different field of Indirect and direct cost hence CMA is having the required SKILL 2. Concentration of power always create monopoly for certain member of institute but including CMA will reduce the concentration risk to depending only of CA. 3. Curriculum of CMA includes income tax in detail in Inter and Final Level. 4. We know there are multiple frauds are coming out relating income tax and audit hence it is necessary that corporate should also get different angle from cost accounts. | 21 Feb 2025, 09:46 PM |
Nagarjun S R | Student | Trivandrum | Kindly include CMA in New Income Tax Act 2025 as CMA has its own value | 21 Feb 2025, 09:46 PM |
Abhilash os | Member | Thrissur | The contribution of a CMA in nation building is as same as a CA, so there is no logic to keep out CMA fraternity from the definition of Accountant | 21 Feb 2025, 09:46 PM |
Keerthi | Chennai | I support the cause | 21 Feb 2025, 09:45 PM | |
Laxmish Hegde | Member | Bangalore | Yes CMA should be included in the definition of Accoumtants per IT Act. | 21 Feb 2025, 09:45 PM |
Sreshti DLS | Member | Hyderabad | CMAs can deliver services under new IT Act 2025. | 21 Feb 2025, 09:45 PM |
Amol Patil | Member | New delhu | 21 Feb 2025, 09:45 PM | |
Deepika Khatik | Student | UDAIPUR | 21 Feb 2025, 09:45 PM | |
Cma Pranabandhu Dwibedy | Member | Bengaluru/Karnataka | Our name ( Cmas) should be included in new Income Tax Act 2025 | 21 Feb 2025, 09:45 PM |
A J Simon | Member | Kannur/ Kerala | The syllabus is equipped all the Cost Accountants to manage the financial affairs at par with Chartered Accountants and it is utmost inevitable to include Cost Accountants in the definition of "Accountants" as per the new Income Tax Act. | 21 Feb 2025, 09:44 PM |
Laxman Singh | Member | Delhi | 21 Feb 2025, 09:44 PM | |
Irshad Shaik | Member | Kurnool | Need transparency and curb the ICAI Monopoly practice of income tax act. | 21 Feb 2025, 09:44 PM |
Babu Balireddigari | Member | Bangalore | I support | 21 Feb 2025, 09:44 PM |
Ankit agrawal | Odisha | 21 Feb 2025, 09:44 PM | ||
D.HARIHARAN | Others | Tamilnadu | I strongly support the inclusion of CMA in the definition of accountants and also tax audit. | 21 Feb 2025, 09:44 PM |
MAHALAKSHMI.N | Member | palakkad | 21 Feb 2025, 09:43 PM | |
Yuvaraj M T | Member | Chennai | I wish the Income Tax is suitably amended to include CMAs to be included in the definition of Accountants. | 21 Feb 2025, 09:43 PM |
Ibrahim kutty p p | Member | Kerala | CMA should be add in accountant definition as we have same syllabus for both courses why the rights of practice should differ and we are ready to share our rights of cost audit with them | 21 Feb 2025, 09:43 PM |
Himanshu jain | Student | Dydy | CMAs are even authorized to conduct Statutory Financial Audit under various State Legislations. CMAs are experts of micro and macro analysis that gives them a unique. Hence CMAs should be included in definition of 'Accountant' as per IT bill 2025 advantage to work in Income Tax Domain to protect any loss to the excheque | 21 Feb 2025, 09:43 PM |
Sivasankaran N | Member | Chennai | CMAs are professional accountants. So CMA should be included in the definition of Accountant. | 21 Feb 2025, 09:43 PM |
IMMANUVEL T | Member | Tuticorin Tamilnadu | We deserve the inclusion of the definition of Accountant | 21 Feb 2025, 09:42 PM |
Ashok chowdary.A | Member | Hyderabad | 21 Feb 2025, 09:42 PM | |
Nikhil Shrivastava | Student | Gwalior madhyapradesh | Respected Sir/Madam, I would like to bring to your attention the need to allow Cost and Management Accountants (CMAs) to conduct tax audits under Section 44AB of the Income Tax Act, 1961. CMAs possess deep expertise in cost control, financial analysis, and taxation, making them well-equipped to perform tax audits with accuracy and integrity. Reasons Why CMAs Should Be Allowed to Conduct Tax Audits: 1. Expertise in Taxation & Compliance – CMAs undergo rigorous training in direct and indirect taxation, financial management, and compliance, enabling them to effectively verify tax filings and financial statements. 2. Statutory Recognition in Other Areas – CMAs are already authorized to conduct audits in various laws, such as GST audits, stock audits, and cost audits under the Companies Act, 2013, demonstrating their capability to handle tax audits as well. 3. Global Precedents – Many countries, including the USA, UK, and Canada, recognize management accountants as qualified professionals for tax compliance and audit services. India should also align with this global best practice. 4. Reducing the Burden on Existing Auditors – Allowing CMAs to conduct tax audits would help distribute the workload among qualified professionals, ensuring better compliance and reducing delays in the audit process. 5. Enhancing Transparency & Governance – CMAs specialize in cost and performance analysis, which can add significant value to tax audits by identifying tax inefficiencies and ensuring better tax planning. Given their expertise, statutory recognition, and ability to enhance tax compliance, it is imperative to allow CMAs to conduct tax audits. This will not only strengthen the Indian tax system but also promote a more inclusive approach to financial governance. I kindly request you to consider this proposal and take the necessary steps to amend the relevant provisions to allow CMAs to perform tax audits. |
21 Feb 2025, 09:42 PM |
S Srinivasan | Member | Chennai | Cost Accountant by definition is an Accountant and hence should be treated as such under Income and other such taxes. | 21 Feb 2025, 09:42 PM |
Debdas Daripa | Member | Durgapur | 21 Feb 2025, 09:41 PM | |
Muskan Goyal | Student | Dhanbad (Jharkhand) | Yes! I support the cause | 21 Feb 2025, 09:41 PM |
Salmanul faris | Student | Kerala | Its not the right way to criticize one professional course | 21 Feb 2025, 09:41 PM |
Lavanya P V | Student | Kerala | 21 Feb 2025, 09:41 PM | |
CMA AMRIT PUTHIA | Member | Kashipur | Cost Accountant should include in the definition of Accounts under income tax act 2025 | 21 Feb 2025, 09:41 PM |
G.Shreya | Student | Kolkata | The word CMA itself includes the accountant term in it and people who are persuing this course and the people who are the qualifieds',every individual have studied accountancy and practiced as it is a core or foundation then why there is a barrier.Ofcourse cost Accountants deserve to come under the definition of an "accounted" | 21 Feb 2025, 09:41 PM |
Brajesh Kumar Rao | Member | Bokaro | CMAs are equally qualified and capable for inclusion in the defination of "accountant" as per income tax act. It will leads to a healthy comptetion as result will better serve to nation. | 21 Feb 2025, 09:41 PM |
Vaithiswaran Krishna | Member | Chennai | This is basic requirement, why to deny it? | 21 Feb 2025, 09:40 PM |
BM Rao | Member | New Delhi | Cost Accountants are also having in depth professional knowledge. So they should be treated on par with CAs | 21 Feb 2025, 09:40 PM |
Sivasankaran N | Member | Chennai | 21 Feb 2025, 09:39 PM | |
Shanavas Mohamed Koya | Member | Kochi/Kerala | 21 Feb 2025, 09:39 PM | |
abhilash ks | Member | Thrissur | 21 Feb 2025, 09:39 PM | |
Vidya S | Member | Trivandrum | Dear Madam, We kindly request you to include Cost and Management Accountant in the definition of 'Accountant' so that we also can get Tax Audit and can contribute to the economy through proper audits and compliance. Thank you | 21 Feb 2025, 09:39 PM |
Adithyan NA | Student | Kerela | 21 Feb 2025, 09:39 PM | |
Muhammed Hashim | Student | Kerala | We are capable for conducting Income Tax Audit | 21 Feb 2025, 09:39 PM |
Manish Kumar | Student | BOKARO | Considering the competency and capabilities of CMAs it is justified to include CMAs in definition of Accountant in proposed New Income tax bill | 21 Feb 2025, 09:38 PM |
Rohit Prasad | Student | Rishra | 21 Feb 2025, 09:38 PM | |
Akhaya Kumar Pattanaik | Member | Maharashtra | 21 Feb 2025, 09:38 PM | |
Sivaranj P | Student | kannur | The exclusion of cost accountants from the definition of accountants in the new income tax bill is a matter of concern. Cost accountants undergo rigorous training in financial reporting, cost management, and taxation, equipping them with the necessary expertise to perform tax audits. They play a crucial role in improving the efficiency and transparency of financial practices in organizations. By including cost accountants in the definition, the bill would not only broaden the scope of qualified professionals available for income tax audits but also recognize their competency and contributions, which are on par with Chartered Accountants. This inclusion would be a step towards a more inclusive and balanced approach to tax governance. | 21 Feb 2025, 09:38 PM |
Y Balaram | Member | Chennai | Considering the competency and capabilities of CMAs it is justified to include CMAs in definition of Accountant in proposed New Income tax bill. | 21 Feb 2025, 09:38 PM |
Aiswarya Ajith | Student | Thrissur | 21 Feb 2025, 09:37 PM | |
anish ks | Student | Trivandrum | please affirm the cma into the definition of accountants | 21 Feb 2025, 09:37 PM |
Muhammad fasil k | Member | Kerala | 21 Feb 2025, 09:37 PM | |
Sadananda Patra | Member | Odisha | I support the cause | 21 Feb 2025, 09:36 PM |
Abhishek Sinha | Member | Bengaluru | 21 Feb 2025, 09:36 PM | |
Gangasani aawani | Student | Guntur | Pls include tax audit,both are studying same law | 21 Feb 2025, 09:35 PM |
Nataraj Sakthivel | Member | Hosur/ Tamilnadu | 21 Feb 2025, 09:35 PM | |
KSVS SARMA | Member | Andhra Pradesh | Cost Accountants are equally capable as Chartered Accountants in all aspects | 21 Feb 2025, 09:35 PM |
Prasanna kumar | Member | Trivandrum Kerala | It is essential to expand the definition of Accountant by including CMA under IT Act.ICMA is also a professional accounting body in our Country with morethan 100,000 qualified members. It is required for the national benefit and to maintain healthy competition for the benefits of our country | 21 Feb 2025, 09:35 PM |
P.Srinivas | Student | Visakhapatnam | Including Cost Accountants for Tax audit should be openly accepted, The monopoly of CAs on Income tax should be minimised. when ever competition plays in a work, the professionalism & quality in work improves. | 21 Feb 2025, 09:34 PM |
SOURABH TANEJA | Member | Kashipur | 21 Feb 2025, 09:34 PM | |
Darshitha ps | Member | Kerala | 21 Feb 2025, 09:34 PM | |
Sugavanesan V | Member | Ranipet | Yes I support | 21 Feb 2025, 09:33 PM |
ACMA YUVARAJ P | Member | SALEM / TAMILNADU | Now a days, All Corporate industries published the Job opportunities CA / CMA, hence cost accountants have enough capability to handle the skills as Chartered accountants. Also CMA subject syllabus having same as CA syllabus. Request the authorities to include the CMA's in " ACCOUNTANT" definition in upcoming New Income Tax Bill | 21 Feb 2025, 09:33 PM |
PRADYUMNA KUMAR DASH | Member | Bhubaneswar | We believe that our profession is better equipped to handle tax audits. Therefore, we strongly support the inclusion of Cost Accountants in the definition of 'Accountant' in the proposed tax bill, as it is a justified recognition of our expertise and capabilities. | 21 Feb 2025, 09:33 PM |
CMA Jeswin Johnson | Member | Thrissur | It is the need of the hour to include cost account under IT act considering the present day nuances with respect to cost. | 21 Feb 2025, 09:33 PM |
Pallavi kumari | Student | Jharkhand | The biggest initiative taken by the ICMAI for sure for Every member and student of CMA and our well-being. | 21 Feb 2025, 09:32 PM |
Shanaj kp | Member | Malappuram | Income tax all sections and subjects we are covering. When studying CA and CMA students are same batch and class , when it comes to Tax audit . Why there is partiality . It’s monopoly now , We are also deserving tax audit by all means . We have the quality . As Nirmala Sitharaman mentions she will go with cost accountants rather than CA . By fulfilling equality we want tax audit , |
21 Feb 2025, 09:32 PM |
Thomas TV | Member | Cochin | 21 Feb 2025, 09:32 PM | |
Fathimath Harshana | Others | Malappuram | 21 Feb 2025, 09:32 PM | |
A Thaimanasundaram | Others | Chennai (Chengalpattu) | CMAs are the only competent professional to undertake all types of Audit including tax audits, performance audit and theme based Audits | 21 Feb 2025, 09:31 PM |
S.Muthukrishnan | Member | Chennai | Should be included in the definition of Accountant. | 21 Feb 2025, 09:31 PM |
Kasarla Prasad | Member | Hyderabad | I request you to please insert CMA/ICWA in accountant definition.... | 21 Feb 2025, 09:31 PM |
Ajsal ac | Student | Malappuram | 21 Feb 2025, 09:31 PM | |
Abhaynath K | Student | Kasargod | 21 Feb 2025, 09:31 PM | |
Narender kontham | Hyderabad | I support for inclusion of CMA in accountant definition in income tax act | 21 Feb 2025, 09:31 PM | |
CHANDRAN R | Member | CHENNAI, TAMILNADU | 21 Feb 2025, 09:31 PM | |
Akash | Student | Kerala | We will use our skills and also enlarge our Knowledge for 44 ab tax audit | 21 Feb 2025, 09:31 PM |
M Ajay Kumar | Member | Vijayawada | We deserve it | 21 Feb 2025, 09:31 PM |
H SUNDER | CHENNAI | I am a practicing Cost Accountant | 21 Feb 2025, 09:30 PM | |
Manivasan K | Member | Hosur | We are competent enough to conduct Audits and tax audits. CMA curriculum has Tax papers which is no different from what is there in CA and we also possess the adequate knowledge on the tax matters | 21 Feb 2025, 09:30 PM |
K M Radhakrishnan Nair | Member | Ernakulam | 21 Feb 2025, 09:30 PM | |
BASIL C MATHAIKUNJU | Student | Kerala | 21 Feb 2025, 09:30 PM | |
Adarsh Dinesh | Student | Thrissur | We want Justice | 21 Feb 2025, 09:30 PM |
CMA YASHODHAR THAKAR | Member | Vadodara Gujarat State | CMA’s are more/equally competent and should be allowed to carry out Tax Audit by including them under the definition of ACCOUNTANT | 21 Feb 2025, 09:30 PM |
Kiranjith kv | Member | Palakkad/Kerala | Pleasee include cost accountants in the defenition of accountant | 21 Feb 2025, 09:29 PM |
K SANJAY KUMAR | Student | MANDAPETA | 1. CMAs have the required skills to handle various costs and taxation. 2. Including CMAs will promote competition and reduce dependence on CAs. 3. CMA curriculum covers income tax in detail. 4. CMAs bring a unique perspective to identify potential risks in taxation and audit. |
21 Feb 2025, 09:29 PM |
Ram Kamal Saha | Member | Kolkata | Cost Accountants possess all qualities to be considered as Accountants for all Income Tax Purposes | 21 Feb 2025, 09:28 PM |
KADIR N | Student | Kolathur, Chennai | 21 Feb 2025, 09:28 PM |