13407
Upvotes & counting...

Approved Support Records

Name Category City Message Date
Supriya kumari Student Jharkhand As a student of CMA course we are equally capable to the other courses students we study the same level of costing taxes and audits.
So obviously we are equally competent to them
Hence
We must be included in the definition in the definition of accountant as per income tax act.
20 Feb 2025, 04:08 PM
Anjana R Student Kollam , Kerala 20 Feb 2025, 04:08 PM
Prit Student Vadodara/Gujarat 20 Feb 2025, 04:08 PM
Daki Rad Others Ahmedabad 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. 20 Feb 2025, 04:08 PM
Ranajit Chowdhury Student Anandanagar Pandu-12 20 Feb 2025, 04:08 PM
Pratik Anil Pansare Pune , Maharashtra "I wholeheartedly support the petition to include Cost Accountants in the definition of 'Accountant' as per the Finance Bill 2025.

As a concerned professional student, I recognize the significant contributions Cost Accountants make to the financial sector. Their expertise in cost management, financial analysis, and strategic planning is invaluable.

Including Cost Accountants in the definition of 'Accountant' is a matter of fairness, recognition, and parity. It acknowledges their critical role in maintaining the integrity of financial systems and promoting informed decision-making.

I urge the authorities to consider this petition and amend the Finance Bill 2025 accordingly, ensuring that Cost Accountants receive the recognition they deserve."
20 Feb 2025, 04:08 PM
PANKAJA BAL Student Bhubaneswar CMA's should be included in the definition of Accountant. 20 Feb 2025, 04:08 PM
Bhargav Student Hyderabad It is more needed now to add cost accountant in income tax act 20 Feb 2025, 04:08 PM
Chandra Shekhar Student Jaipur I requesting Honourable Nirmala Sitharaman Ma'am Please inclusion of COST ACCOUNTANT in the definition of ACCOUNTANT under Section 515(3)(b) of the income tax bill,2025. 20 Feb 2025, 04:07 PM
Shivprasad satish samant Student Kudal 20 Feb 2025, 04:07 PM
Ashika Mittal Student Deoli 20 Feb 2025, 04:07 PM
Mohd Kamran Student Lucknow/ Uttar Pradesh Yes, I support and Tax audit power should be given to CMA and Cost accounts should be included in definition of Accountant. 20 Feb 2025, 04:07 PM
Sridhar M Student Coimbatore I fully support the cause for the inclusion of CMA professionals in tax audits. Recognizing their expertise in financial analysis and reporting will strengthen the audit process and bring more accuracy and efficiency to the system. It’s a positive step towards leveraging the skills of CMAs to contribute to national financial integrity. 20 Feb 2025, 04:07 PM
NK Tripathy Member Bhubaneswar Thanks for the initiative 20 Feb 2025, 04:07 PM
Mayank Prabhudas Patel Student Gujarat Inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the proposed Income Tax Bill 2025. 20 Feb 2025, 04:06 PM
Omkar bhoj Student Nashik, maharashtra I support this petition 20 Feb 2025, 04:06 PM
Mohit Kumavat Student Thane 20 Feb 2025, 04:06 PM
Habeeb J Member Chennai 20 Feb 2025, 04:06 PM
Namrata kumari Student Ranchi As a student of CMA course we study the same topics like CA students so obviously we are equally capable to them
We must be included in the definition of accountants as per income tax act .
20 Feb 2025, 04:06 PM
Lavanya Student Chennai As a CMA student, CMA s should be included in the definition. 20 Feb 2025, 04:06 PM
Hiba fathima Student Kerala “CMA students are studying Income Tax. Similarly, they are also practicing all the training.” 20 Feb 2025, 04:05 PM
PRAVASINI DAS Bhubaneswar 20 Feb 2025, 04:05 PM
Nikhil Dalvi Member Pune 20 Feb 2025, 04:05 PM
Eswar P Student Tamilnadu, chennai Should include CMA 20 Feb 2025, 04:05 PM
Priyanka Babu Student Chennai 20 Feb 2025, 04:05 PM
Partha Mukhopadhyay Member KOLKATA Cost Accountant must be included in the definition of Accountant as outlined in the Section 515(3)(b) under the proposed Income Tax Act-2025 20 Feb 2025, 04:05 PM
sampalli priyanka Student Mancherial/Telanagana Inclusion of cost Accountant in definition of Accountant could provide more opportunities for our CMA's 20 Feb 2025, 04:05 PM
Adila basheer Student Kothamangalam 20 Feb 2025, 04:04 PM
Previn Member Kerala When the authority is vested with only one institute there is no room for best customer service 20 Feb 2025, 04:04 PM
Sumit Pune 20 Feb 2025, 04:04 PM
Madurabaashini Student Chennai 20 Feb 2025, 04:04 PM
Yuvraj Musale Others Pune 20 Feb 2025, 04:04 PM
Shabeer Mohammed T Student Kerala 20 Feb 2025, 04:04 PM
Amol Gautam Khedkar Student Pune 20 Feb 2025, 04:04 PM
Rakesh Karkal Others Pune 20 Feb 2025, 04:04 PM
Purna Chandra Behera Member Bangalore Must be included 20 Feb 2025, 04:04 PM
Priya Kumari Student ranchi Taking CMA as a professional course we do study the same topics like other students of professional courses like CA
So we must be included in the definition of accountants as we are equally capable.
20 Feb 2025, 04:04 PM
Sharooq mogal Student Rajahmundry The definition of an accountant should include CMA professionals, as they study the same subjects as CA, ensuring equivalent expertise and now CMA is tougher than CA with 8 papers and with no open book and Consecutive 8 exams 20 Feb 2025, 04:04 PM
SUDALAI MUTHU Student Coimbatore CMA are equqlly inteligent to be defined as Accountant 20 Feb 2025, 04:04 PM
Irfana thesneem Student Kerala 20 Feb 2025, 04:03 PM
Anuraj A Chavan Student Maharashtra 20 Feb 2025, 04:03 PM
poornima tatakala Student VISAKHAPATNAM CMA should also included in the definition of Accountant according to income tax act. If we are not added due to any lack of subject; include such lacking portion in our CMA syllabus to Equalise CA members.. thank you 20 Feb 2025, 04:03 PM
Swaminathan kn Member Hosur, tamilnadu Cost accontants must also be included in the definition of accountant 20 Feb 2025, 04:03 PM
Dheebika Student Salem 20 Feb 2025, 04:03 PM
Pankaj dukale Others Pune 20 Feb 2025, 04:02 PM
Muhammed Sharshad K Student Kannur/Kerala CMA's and CA's are studying the same income tax act. Hence CMA's are also deserved the tax audit. CMA also need to be added in the definition of accountant in the new income tax bill 2025 20 Feb 2025, 04:02 PM
Anil gupta Member Bengaluru Accountant definition 20 Feb 2025, 04:01 PM
CMA Amit Nikam Member Pune 20 Feb 2025, 04:01 PM
muhammed nihal Student Kannur/kerala As we study all areas of income tax , finance and accunts in our cma syllabus its our right to be included in the definition of accountant in the new tax bill 20 Feb 2025, 04:01 PM
Sugandh koul Student Kashmir Inter group 2 student 20 Feb 2025, 04:01 PM
Juganta Das Member Ranchi 20 Feb 2025, 04:00 PM
Radha Narne Student Mumbai 20 Feb 2025, 04:00 PM
Dhruv sahu Student Bhopal mp It must be done in favour of cma 20 Feb 2025, 04:00 PM
Saranya Chennai 20 Feb 2025, 04:00 PM
Murali Dharmaraj Hosur 20 Feb 2025, 04:00 PM
Dharmendra sahu Others Odisha Qualified but not became a member 20 Feb 2025, 04:00 PM
Ashok Kumar Nonia Member Greater Noida 20 Feb 2025, 04:00 PM
Bhavesh Ramchandani Member Ahmedabad CMA are equqlly inteligent to be defined as Accountant 20 Feb 2025, 04:00 PM
KEERTHI VASAN Student Tamilnadu Tax Audio Authority is also mandatory for CMA 20 Feb 2025, 04:00 PM
Aniruddh Dutta Student Kolkata I want that cost accountants must include in the definition of accountant 20 Feb 2025, 03:59 PM
JYOTI PRAKASH MOHÀNTY Member Bengaluru CA /CWA / CS are equally competent to do the of Tax Audit.
Financial Audit should be the prerogative of.a CA not other audits like Direct and Indirect Tas
20 Feb 2025, 03:59 PM
Chirag K S Gowda Student Banglore It is crucial that CMAs are recognized alongside Chartered Accountants in this legislation to ensure equitable representation in tax matters.
I urge policymakers to consider this inclusion seriously, as it will not only benefit CMAs but also strengthen the overall accounting profession.
As a CMA, I have seen firsthand how our expertise contributes to effective financial decision-making within organizations.
20 Feb 2025, 03:59 PM
Biranchi Narayan Mallick Member Bhubaneswar CMA should be included as Accountant in new Income Tax Act 2025 20 Feb 2025, 03:59 PM
Suman Sripada Member Hyderabad 20 Feb 2025, 03:59 PM
Sabyashachi Nayak Student Bhubaneswar 20 Feb 2025, 03:58 PM
Dyamappa Hadakar Student BELAGAVI 20 Feb 2025, 03:58 PM
Rameez ali Student kerala include CMA in definition of accountants. and we need tax audit 20 Feb 2025, 03:58 PM
Pradip Bhawar Others Pune 20 Feb 2025, 03:58 PM
Pratik Bhosekar Student Mumbai, Maharashtra Strongly believe based on my experience as student that the content that Institute of Cost Accountants of India (ICMAI) provides is at par and CMA's are well competent to provide expertise in Direct Tax Litigation. 20 Feb 2025, 03:58 PM
Varun V Rao Student Mysore In Accountant definition CMA has to be included. 20 Feb 2025, 03:58 PM
Shubham Agarwal Others PRAYAGRAJ Cost Accountants should be included in Accountants definition 20 Feb 2025, 03:57 PM
Subrata Roy Member Haldia 20 Feb 2025, 03:57 PM
Aasif Mansoori Student Haridwar As a student i gained all knowledge of income tax like other students of CA so as we CMA puts lots of efforts in studying Income tax we should also include in the definition of accountants in Income tax, thank you 20 Feb 2025, 03:57 PM
Eswararaorajana Member Andhrpradesh Request consider the above subject request 20 Feb 2025, 03:57 PM
Pratima Kumari Student Ranchi/Jharkhand 20 Feb 2025, 03:57 PM
SASIKUMAR 20 Feb 2025, 03:57 PM
Surya Student Hyderabad 20 Feb 2025, 03:56 PM
Rohit Student Mumbai CMA are Eligible for Tax Audit 20 Feb 2025, 03:56 PM
Pol Changmai Student Guwahati We need tax audit 20 Feb 2025, 03:56 PM
Joshi raj p Member Kerala 20 Feb 2025, 03:56 PM
KISHAN KUMAR DASH Member Bhubaneswar Both in CMA intermediate & final course, Income Tax & GST are given huge importance. CMA students are rigorously tested of their ability in dealing with Taxation matters. So, Cost Accountant should be included in the definition of ACCOUNTANT 20 Feb 2025, 03:56 PM
SARAT KUMAR BEHERA Member Bhubaneswar 20 Feb 2025, 03:56 PM
Isha Lalwani Jaipur 20 Feb 2025, 03:55 PM
Diya Dua Student Karnal Haryana 20 Feb 2025, 03:55 PM
Lindcey Member Chennai, Tamil Nadu Supporting for the inclusion of CMA in New Income tax act 20 Feb 2025, 03:55 PM
Ashish Kumar Maheshwari Member GURGAON Knowledge base is same 20 Feb 2025, 03:55 PM
Kishore Hyderabad telangana 20 Feb 2025, 03:55 PM
Cyril Dias Member Pune CMA Should be given equivalent Opportunities as given to CA to remove monopoly 20 Feb 2025, 03:55 PM
Kalyani Member Telangana 20 Feb 2025, 03:55 PM
Manjari Agrawal Member PRAYAGRAJ I support the cause. Cost Accountants should be included in Accountants definition in Direct Tax Bill, 2025. 20 Feb 2025, 03:55 PM
adinarayana kappala Student Hyderabad Cma student also studying same syllabus around 90%.why not included in accounting definition in new bill 20 Feb 2025, 03:55 PM
Vaibhav Vikas Sitapure Student Latur CMA's should be defines as Accountant in New Income Tax Bill, 2025 20 Feb 2025, 03:54 PM
Supratim Chakraborty Student GUWAHATI 20 Feb 2025, 03:54 PM
Leeva Mariya Student Thrissur, Kerala Here's my response:

The proposed change in the definition of "accountant" in the Income Tax Act to include only Chartered Accountants (CAs) for tax audit purposes has sparked a heated debate among Cost and Management Accountants (CMAs).

As a CMA student, I strongly believe that this change would be unfair and discriminatory towards CMAs. Here's why:

1. *CMAs are equally qualified*: CMAs have undergone rigorous training and have acquired expertise in financial management, cost accounting, and management accounting. They are equally capable of conducting tax audits.

2. *Restricting competition*: By allowing only CAs to conduct tax audits, the proposed change would restrict competition and create a monopoly. This would lead to higher costs for taxpayers and reduced innovation in the field.

3. *Ignoring CMA expertise*: CMAs have specialized knowledge in areas like cost accounting, management accounting, and financial management. Ignoring their expertise in tax audits would be a loss for taxpayers and the economy.

4. *Violating equality principles*: The proposed change would violate the principles of equality and non-discrimination. CMAs have the same rights as CAs to practice and provide services to clients.

In conclusion, I strongly oppose the proposed change in the definition of "accountant" in the Income Tax Act.
20 Feb 2025, 03:54 PM
Manikandan B Student Tamilnadu We need Tax Audit 20 Feb 2025, 03:54 PM
Pravin Sable Member Navi Mumbai The role of Cost & Management Accountants (CMAs) is pivotal in financial planning, cost management, and taxation. Excluding CMAs from the new Income Tax Act-2025 would undermine their significant contributions to tax compliance, assessment, and advisory services. CMAs possess deep expertise in financial analysis, cost optimization, and tax structuring, making them well-equipped to support businesses and the government in ensuring accurate tax compliance and revenue enhancement. Their inclusion in the new tax framework will strengthen professional integrity, enhance tax governance, and provide businesses with wider access to qualified professionals. I strongly support the petition for recognizing CMAs in the new Income Tax Act-2025. 20 Feb 2025, 03:54 PM
Nitin Godha Member Jaipur 20 Feb 2025, 03:54 PM
Prabhdeep Singh Student Delhi 20 Feb 2025, 03:53 PM
Gokila Ramya Student Tamilnadu 20 Feb 2025, 03:53 PM
Mohd Shaharyaar Student Uttar Pradesh I'm currently CMA inter student n it's a request to the finance ministry to give us the power of tax audit... 20 Feb 2025, 03:53 PM