| Name | Category | City | Message | Date |
|---|---|---|---|---|
| Anudev Vvvv | Student | Calicut | Equal profession value | 20 Feb 2025, 07:53 PM |
| Janardhan chinigi | Student | Andhra Pradesh | Please include cost and management accountant (CMA) in the definition of accountant under section 515(3)(b) of the income tax bill | 20 Feb 2025, 07:53 PM |
| Gowtham G | Student | Chennai | Both CA and CMA are studying same subjects there is slight difference while studying so we are equal to CA somewhat so we are trying to prove CMA will do all the audit relating to all the sectors.moreover CMAs are expertise in cost audit and CS are expertise in secretarial audit and CA are related to all the accounting field so CMA will do tax audit we need inclusion in the definition of Accountant CMA was done already & Doing & will do | 20 Feb 2025, 07:52 PM |
| Shivam tiwari | Student | Buxar | Please include in the definition of accountant | 20 Feb 2025, 07:51 PM |
| Vignesh | Student | Chennai | I'm Vignesh currently pursuing cma final level The reason why we need to be included in the definition of income tax act was we are also learning and practicing the direct taxation since many years ago. And also we also experiencing the same level of struggle to qualify as a cost accountants.byt even though struggles are faced by us not all law and regulatory authority allows to practice in that field (example direct tax , statutory audit and so on) Not all CMA's are inefficient in direct taxation field and not all CA's highly proficient in the taxation field So oru honourable finance Minister smt.Nirmala sitharaman kindly include CMA's to work and practice in the taxation field and help us to grow in the competitive world |
20 Feb 2025, 07:51 PM |
| Kiran bihari swain | Member | Bhubaneswar,odisha | Since the course of CA and CMA are almost similar,one CMA should also be defined as an ACCOUNTANT under Income Tax Act. | 20 Feb 2025, 07:51 PM |
| KoHiLa Ayyamperumal Mani | Student | Nagercoil / Tamilnadu | 20 Feb 2025, 07:51 PM | |
| Ganapathi Palaniyappan | Student | Madurai | 20 Feb 2025, 07:50 PM | |
| Taranjot singh | Student | Bhilai/chhattisgarh | please , include the cost and management accountant (CMA) in the definition of accountant of income tax bill | 20 Feb 2025, 07:50 PM |
| Amrit Pandey | Student | Kolkata | 20 Feb 2025, 07:50 PM | |
| Anuj | Member | Sonipat | This is a great opportunity for both current professionals and future professionals, which won't come around often in this way. | 20 Feb 2025, 07:49 PM |
| Piyush Goel | Student | Delhi | We are the cost accountant we study same syallbus like chartered accountant study so why this partiality.. | 20 Feb 2025, 07:49 PM |
| Manoj | Student | Chennai | I support l. CMA should be included as Accountant | 20 Feb 2025, 07:49 PM |
| Swaraj Bhukta | Student | ARAMBAGH | We know all sections of income tax Act.As a CMA you have to learn all these section. | 20 Feb 2025, 07:48 PM |
| CMA B N Sapkal | Member | Navi Mumbai Pin 400705 | CMAs are the real Accountant since he is 1) expert in defining cost collecting & allocating centers 2) 'he is the right person to define variable cost, semi veritable cost & fixed cost & allocation of it on various cost centers. CAs are dependent on the CMAs for this work, unless proper distribution of cost is made, true profit /performance can't b certified. To examine True taxable profit CMAs role is prime. It is unfortunate that CMAs r not included in the definition of Accountant in Income Tax Laws, this anomaly shall b removed ASAP. | 20 Feb 2025, 07:47 PM |
| Balaji BS | Others | Chennai | As per my understand CMA is also as equally knowledge as CA, they can also take care the Tax Audit in a best way and brake tye monopoly in Tax Audit. | 20 Feb 2025, 07:47 PM |
| Bhagwan Nikam | Member | Pune - Maharashtra | I support for INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX Act-2025 | 20 Feb 2025, 07:47 PM |
| AJIT CHAURASIYA | Student | Bihar | I love CMA | 20 Feb 2025, 07:47 PM |
| VIGNESH DURAI K | Student | TIRUVALLUR / TAMIL NADU | WE REQUEST YOU TO INCLUDE COST ACCOUNTANT IN THE DEFINITION OF ACCOUNTANT. | 20 Feb 2025, 07:47 PM |
| Priyanka Vishwakarma | Student | Pune | Need the right to be called as accountant in the definition of income tax bill 2025 | 20 Feb 2025, 07:46 PM |
| Vinod Deshmukh | Member | Pune | I am the practicing cost accountant from last 4 Years, Kindly add the Cost accountant as in the defination of Accountant words. Thanks | 20 Feb 2025, 07:46 PM |
| Chinmay Kulkarni | Student | Pune/Maharashtra | CMAs need to be included in the Accountant definition, we are a core part of professional community, CA and CMA both have the same syllabus and learn same thing, why are we kept away from performing Tax Audit, not to mention as interns we do all these operations | 20 Feb 2025, 07:46 PM |
| AJIT CHAURASIYA | Student | Delhi | CA=CMA equal course then CMA Tax Audit karne ke liye applicable hai ❤️ I love CMA |
20 Feb 2025, 07:45 PM |
| Swagata Basu Mitrra | Member | Bangalore | I support the petition, CMA is a professional body of accountants and equal opportunity should be given at par with Chartered accountants. | 20 Feb 2025, 07:45 PM |
| Tarun kumaran.B | Student | Chennai | Yes it will be useful for the CMA candidates too | 20 Feb 2025, 07:45 PM |
| Sk Washim Mondal | Student | Hooghly | For the purpose of strenthing the economy it necessary to take such implementation | 20 Feb 2025, 07:44 PM |
| Chandan sahoo | Student | Mumbai | We want tax audit as our priority | 20 Feb 2025, 07:44 PM |
| Mukesh kumaran K K | Student | Karur/Tamilnadu | Please Add cost Accountant too | 20 Feb 2025, 07:43 PM |
| Dinesh Khatri | Member | Sonipat | 20 Feb 2025, 07:43 PM | |
| Premalatha | Student | Villupuram | We are all have Equivalent taxation knowledge those CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. |
20 Feb 2025, 07:43 PM |
| Deepak | Student | Chennai | "I am writing to express my strong support for the CMA association's efforts to include Cost and Management Accountants (CMAs) within the 'accountant' category for income tax purposes. CMAs possess the necessary expertise in financial analysis, cost accounting, and tax planning, which are essential for effective tax representation. I believe that excluding CMAs from this category is unfair and limits taxpayers' access to qualified professionals. I urge the relevant authorities to recognize the valuable contributions of CMAs and grant them equal rights and recognition." | 20 Feb 2025, 07:42 PM |
| Abhishek shah | Student | Delhi | Yes | 20 Feb 2025, 07:42 PM |
| RAZAL PM | Member | Bangalore | 20 Feb 2025, 07:41 PM | |
| Suvetharan K | chennai | 20 Feb 2025, 07:41 PM | ||
| Aarti sandip markad | Student | Nashik, Maharashtra | suggesti few comment suggestions you can use to support the petition: 1. "Cost Accountants play a vital role in financial transparency and efficiency. Including them in the Income Tax Bill-2025 is a step toward recognizing their expertise and contributions to the economy. Proud to support this initiative!" 2. "A great initiative to advocate for the inclusion of Cost Accountants in the definition of 'Accountant.' Their skills are essential for accurate financial reporting and analysis. Let's stand united for this cause!" 3. "This is an important move for the recognition of Cost Accountants' role in shaping fiscal policies. I'm fully supporting this petition and encourage everyone to do the same!" 4. "Including Cost Accountants in the Income Tax Bill-2025 would be a game-changer for the profession. Let’s show our collective support and make this happen!" 5. "A fantastic initiative to recognize the hard work and expertise of Cost Accountants. This move would benefit both the profession and the nation's financial system. Let’s make our voices heard!" |
20 Feb 2025, 07:40 PM |
| Kusuma Chinta | Member | Hyderabad | 20 Feb 2025, 07:40 PM | |
| Bhawana | Member | Delhi | I want to add CMA in accountant definition under new income tax law | 20 Feb 2025, 07:39 PM |
| Chetan chavan | Student | Karnataka | As a student, requesting Finance minister to give a chance for inclusion of tax audit for CMA! | 20 Feb 2025, 07:39 PM |
| Rupesh Pande | Member | Mumbai | 20 Feb 2025, 07:39 PM | |
| Aftab Alam | Student | Ramgarh | Both the professional students have studied the same Book or give same level of exam then It is advisable to Add CMA and CA Both in the Definition of Accountant | 20 Feb 2025, 07:39 PM |
| Priyanshi singhal | Member | Delhi | Include CMA in tax audit and also in definition of accountant | 20 Feb 2025, 07:39 PM |
| Riya | Student | Jharkhand | 20 Feb 2025, 07:38 PM | |
| Pratham Sharma | Student | Beawar | Plss include uss in the definition of Accountants | 20 Feb 2025, 07:38 PM |
| Harini c | Member | Chennai | CWA professionals are equivalently possessing the knowledge and expertise like CA, so there is no point in ignoring them | 20 Feb 2025, 07:37 PM |
| Jyotprava sahoo | Student | Cuttack | Inclusion of CMA in NEW INCOME TAX ACT ,2025. | 20 Feb 2025, 07:37 PM |
| Kunal meena | Member | Delhi | Include CMA in definition of accountant and also include CMA in tax audit | 20 Feb 2025, 07:37 PM |
| Aneesh sankar | Others | Chennai/Tamil nadu | I wish the inclusion happens soon | 20 Feb 2025, 07:36 PM |
| Pandiyaraj | Member | Chennai | 20 Feb 2025, 07:36 PM | |
| Snehapan Mazumder | Student | Kolkata | As a CMA Finalist I can say our Taxation (DT AND IDT BOTH IN INTER AND FINAL LEVEL) which included in our Course is very much knowledgeable and skillfull. Even I still remember in my training days in my training firm I prepared lots of tax audit files as a cma finalist we done all the work for tax audit but at the end we are waiting for our CA For signing the papers and His DSC to upload the file. | 20 Feb 2025, 07:36 PM |
| Saijal Bansal | Howrah | 20 Feb 2025, 07:36 PM | ||
| UMAKANTA PALAI | Others | BHUBANESWAR | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:36 PM |
| Aswini Kumar Rath | Student | SAKHIGOPAL | Cost Accountant include as accountant | 20 Feb 2025, 07:35 PM |
| Shubham Prasad Saw | Student | Kolkata | I fully support the inclusion of Cost Management Accountants (CMAs) in the new Income Tax Act – 2025. Their expertise in cost management and taxation is vital for ensuring transparency, fairness, and efficiency in the taxation system. Recognizing CMAs will not only benefit businesses but also contribute to the overall growth of the economy. I hope the government considers this important step for the future of the profession and the nation. | 20 Feb 2025, 07:35 PM |
| P.kiran | KHORDA | Cma should get that power | 20 Feb 2025, 07:35 PM | |
| K Nilanchala Patro | Berhampur, Odisha | Please request tax authority power most give to CMA.... otherwise Power on gst most gave to CMA not CA | 20 Feb 2025, 07:35 PM | |
| PRADIPTA KUMAR SAHOO | Others | BHUBANESWAR | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:34 PM |
| Bivas Nag | Student | West Bengal | Yes I Support that CMA should include in the Definition of Accountant | 20 Feb 2025, 07:34 PM |
| Sankar | Student | Tenkasi | 20 Feb 2025, 07:34 PM | |
| Aswathi krishna v | Student | Kerala | 20 Feb 2025, 07:34 PM | |
| BIJAY KUMAR NAYAK | Others | BHUBANESWAR | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:33 PM |
| Mukund Maheshwari | Student | New Delhi | 20 Feb 2025, 07:33 PM | |
| Bhaskar Patra | Student | Kolkata,West Bengal | Yes it will be an ideal decision to add the name of CMA's in the definition of "Accountant"as per the Income Tax Act,1961. There is no any extra concepts or knowledge in Income Tax that the CA fraternity knows better than CMA fraternity.Regrading concepts, interpretation and all other services related to this subject that a "person" can expect from a CA can also be provided by a CMA. So why there will be a different distinction or preference for CAs ? Let's give them (CA & CMA)equal rights regarding this Taxation matter by including the name of CMAs in the definition of "Accountant". Behind every successful business decision there is always a CMA. |
20 Feb 2025, 07:32 PM |
| Antara bhalerao | Student | Pune | 20 Feb 2025, 07:32 PM | |
| Dharmaraju Hari narayana | Student | Hyderabad | As an Cost and management Accountant student I want inclusion of CMA in new Income Tax Act -2025 | 20 Feb 2025, 07:32 PM |
| Balaji Devarajan | Others | Chennai | The aim is to amend the definition of "accountant" in the Act to encompass CMAs, highlighting their role and expertise in financial governance and compliance. | 20 Feb 2025, 07:32 PM |
| Ashwini Kumar Nath | Member | Bhadrak | 20 Feb 2025, 07:31 PM | |
| HARIHAR MOHAPATRA | Student | BHUBANESWAR | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:31 PM |
| Suchitra Subudhi | Member | Puri | All CMA's are fully efficient for tax audit.Hance our profession should be included for new income tax audit. | 20 Feb 2025, 07:30 PM |
| SANTOSH KUMAR DUBEY | Member | Prayagraj U.P. | CMAs are equal to CAs in every aspect. | 20 Feb 2025, 07:30 PM |
| Surya | Chennai | Myself Surya pursuing CMA final, tax audit power would increase the demand and opportunities in the professional environment . | 20 Feb 2025, 07:30 PM | |
| bharat chand | Member | faridabad/haryana | n this era of globalization, maintaining a single accounting institute limits growth and fosters inefficiency and mediocrity. When discussing the World Federation of Accountants and Finance Professionals, excluding India from global trends and developments is an unfair practice. The CA institute is taking undue advantage of this situation. | 20 Feb 2025, 07:30 PM |
| Chaturbhuja Padhiari | Member | Bhubaneswar Odisha | I support the cause | 20 Feb 2025, 07:30 PM |
| TAPAS KUMAR SENAPATI | Others | CUTTACK | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:30 PM |
| Santosh Shukla | Member | frankfurt am main | 20 Feb 2025, 07:29 PM | |
| Amit kumar | Student | Lucknow | 20 Feb 2025, 07:29 PM | |
| Vikky Kumar Sharma | Student | Kolkata | 20 Feb 2025, 07:29 PM | |
| Shyam | Student | 20 Feb 2025, 07:28 PM | ||
| Aparajith | Student | Chennai/Tamil Nadu | Cost and Management Accountant (CMA) should be explicitly included in the definition of an "accountant" under the new Income Tax Bill to recognize their role in financial reporting, cost management, and compliance. This inclusion ensures clarity in tax-related responsibilities and aligns with global accounting standards. |
20 Feb 2025, 07:28 PM |
| Prakash Kumar Sahoo | Others | Bhubaneswar,Odisha | 20 Feb 2025, 07:28 PM | |
| HAREKRUSHNA DAS | Others | Baleswar | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:28 PM |
| Anita Naik | Member | Silvassa | 20 Feb 2025, 07:27 PM | |
| Sasmita Sahoo | Student | Odisha | 20 Feb 2025, 07:27 PM | |
| Aditya Sharma | Student | Bhilai | 20 Feb 2025, 07:27 PM | |
| Shamna Sherin | Student | Ponnani Malappuram | Respected Madam, At the outset, the Institute of Cost Accountants of India extends its welcome to the Income Tax Bill 2025, introduced on 13th February 2025. We acknowledge it as a significant milestone to simplify India's six-decade-old direct taxation structure. The Bill aims to streamline provisions, eliminate obsolete references, and establish a more concise and transparent legal framework. Empowering the CBDT with greater autonomy and introducing a structured framework for tax administration, the legislation is expected to reduce litigation and improve voluntary compliance. Once implemented, this reform can pave the way for a more efficient, accessible, and taxpayer-friendly system, aligning with India's evolving economic landscape. This clearly reflects the resolve of Govt. to introduce fundamental structural changes to achieve the goal of ease of doing business. The Institute and its members are determined to play our role and contribute effectively in realizing the Vision of Viksit Bharat@2047 and hereby submit a memorandum requesting the inclusion of "Cost Accountant" in the definition of "Accountant" under Section 515(3)(b) of the Income-Tax Bill, 2025. This inclusion will ensure greater representation in the business scenario, inclusivity, and utilization of the specialized skills of Cost Accountants in taxation and compliance-related activities under the evolving tax regime. We shall be happy to provide any further information your good office may require in this regard. We are confident that your good office will give due consideration to our appeal. We also seek an appointment to meet you in person on your convenient date & time to discuss and present our submission. Thanking you, |
20 Feb 2025, 07:27 PM |
| Abhishree Abhiman Adake | Student | Kolhapur | 20 Feb 2025, 07:26 PM | |
| MANIK CHARAN NAYAK | Others | Baleswar | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:26 PM |
| cherma Pandaram | Student | Tamilnadu | We want tax audit... please include it | 20 Feb 2025, 07:26 PM |
| Pratham Yogesh Gadakh | Student | Nashik | Please include CMA in new income tax act | 20 Feb 2025, 07:26 PM |
| Vanshika | Student | Bikaner rajasthan | As we study the same curriculum as compare to CA so we should also be include in definition of accountants in income tax bill When the path is same then the rights should also be same |
20 Feb 2025, 07:26 PM |
| Narayanan v | Member | Nerul East,Navi Mumbai | This is crucial for CMA profession | 20 Feb 2025, 07:26 PM |
| Harshnee | Student | Chennai | 20 Feb 2025, 07:26 PM | |
| Priya | Raipur | I support inclusion of cma's for conducting Tax Audit under new Income tax bill | 20 Feb 2025, 07:26 PM | |
| Sekh Mohammad Shahbaj | Student | Raniganj | Seeking inclusion of "Cost Accountants" in the definition of "Accountant" under Section 515(3)(b) of the proposed Income Tax Bill-2025. | 20 Feb 2025, 07:26 PM |
| Mahadev Sharnappa Makne | Student | Pune | N | 20 Feb 2025, 07:25 PM |
| Sangeeta Mittal | New Delhi | 20 Feb 2025, 07:25 PM | ||
| Manish kumar | Member | Murshidabad | CMAs should be included in the Definition of ACCOUNTANT | 20 Feb 2025, 07:25 PM |
| Harshnee Kt | Student | Chennai | 20 Feb 2025, 07:25 PM | |
| SASMITA MOHANTY | Student | KENDRAPARA | I Support for Inclusion of Cost Accountants in the Definition of "Accountant" in the Proposed Income Tax bill 2025 Here are the key reasons why CMAs should be included in the definition of "Accountant" in the proposed Income Tax bill 2025. 1.Equivalent taxation knowledge-: CMAs and CAs undergo the same level of taxation curriculum during their studies, covering Income Tax, GST, Transfer Pricing, and Tax Audit etc. 2.Government recognized tax work-: CMAs are already authorized to conduct GST Audits, Valuation under the Companies Act, and Special Audits under the Income Tax Act 3.Preventing monopoly & ensuring fair competition-: restricting taxation practice to only one professional body creates a monopoly, limiting taxpayer access to expert services and increasing compliance costs. 4.Contribution to Policy & Compliance-: CMAs have played a key role in GST implementation, tax planning, and compliance frameworks. Their expertise in cost management enhances tax efficiency for businesses. Excluding CMAs from the definition of "Accountant" under the Income Tax bill 2025 is not justified on competency grounds.Based on their recognized taxation expertise and contribution to tax compliance "Cost Accountants" must be included in the definition of "Accountant"to ensure fair opportunities and better tax services for businesses. |
20 Feb 2025, 07:25 PM |
| Joshada Rani Sahu | Student | Berhampur,Odisha | CMA's with prior experience of tax filling and auditing should be allowed for tax audit. | 20 Feb 2025, 07:25 PM |
| Akhil A | Others | Ernakulam | Qualified CMA/ ICWA | 20 Feb 2025, 07:24 PM |