| Name | Category | City | Message | Date |
|---|---|---|---|---|
| Mahendra Mali | Student | Kalyan,Maharashtra | 20 Feb 2025, 03:39 PM | |
| Amiya Ranjan Sahoo | Member | Mumbai/Maharashtra | 20 Feb 2025, 03:39 PM | |
| CMA ARUNANSU RAY | Member | DURGAPUR | 20 Feb 2025, 03:39 PM | |
| Rizwan | Hyderabad | CMA should be included in the defination of accountant in the new income tax bill 2025 the finance ministry should provide right for CMA to do tax rights | 20 Feb 2025, 03:39 PM | |
| Karthikeyan D | Chennai | Yes I strongly support As we Cost Accountants are also doing the same Work which CA does | 20 Feb 2025, 03:39 PM | |
| Abhishek Thukral | Student | UTTARAKHAND | CMA/CS should come under the definition of Accountant in the New Income tax Bill. | 20 Feb 2025, 03:39 PM |
| G.JAGANNATH | Student | Kurnool | CA's are doing Statutory Audits & Tax Audits, But CMA's & CS are doing only Cost Audit & Secretarial Audit respectively. But In professional matters any Monopoly should not be Entertained. So for doing Tax Audits all the Professionals should get Eligibilty to conduct TAX Audit.. | 20 Feb 2025, 03:39 PM |
| Harsh Toshniwal | Student | Pune / Maharashtra | 20 Feb 2025, 03:38 PM | |
| Chetana swapnil kajale | Member | Nashik | Inclusion of cost accountant in defination of Accountant. | 20 Feb 2025, 03:38 PM |
| Rohit Vora | Member | Mumbai | CMA Cost and Management Accountant are beyond Accountant and has inherent strength and capabilities with incidents of expenses and resources to map with the capacity and relevant cost per unit of cost object | 20 Feb 2025, 03:38 PM |
| Mrunalini | Member | Ongole | 20 Feb 2025, 03:37 PM | |
| SOUMYA K S | Ernakulan | 20 Feb 2025, 03:37 PM | ||
| Nutan Gupta | Student | Mumbai | I support | 20 Feb 2025, 03:37 PM |
| Benit Benny | Others | Kochi | Cost Accountants should also be included in the definition of Accountant as per Income Tax Act | 20 Feb 2025, 03:37 PM |
| Ankit Jeewan | Student | Delhi | INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX BILL-2025 | 20 Feb 2025, 03:37 PM |
| Yashik Neruda | Others | Chennai/Tamilnadu | 20 Feb 2025, 03:37 PM | |
| Ansh sharma | Student | Firozabad/Uttar pradesh | Benefits to the Country 1. *Improved Financial Governance*: CMAs' expertise in cost and management accounting would lead to better financial decision-making, reducing fiscal deficits and promoting economic stability. 2. *Enhanced Tax Compliance*: CMAs would assist in improving tax compliance, reducing tax evasion, and increasing revenue collection, ultimately benefiting the government and the economy. 3. *Increased Transparency and Accountability*: CMAs would promote transparency and accountability in financial reporting, reducing corruption and ensuring that public funds are utilized efficiently. 4. *Better Resource Allocation*: CMAs' expertise in cost accounting would help optimize resource allocation, reducing waste and promoting efficient use of public resources. Benefits to the People 1. *Access to Quality Financial Services*: CMAs would provide high-quality financial services, including tax planning, financial planning, and auditing, to individuals and businesses. 2. *Increased Employment Opportunities*: The recognition of CMAs as accountants would create new job opportunities in the accounting and finance sector, benefiting the youth and the economy. 3. *Improved Financial Literacy*: CMAs would promote financial literacy among individuals and businesses, enabling them to make informed financial decisions and improve their economic well-being. 4. *Better Protection of Public Interest*: CMAs would act as a safeguard for public interest, ensuring that financial transactions are conducted in a transparent and ethical manner. |
20 Feb 2025, 03:36 PM |
| SATYA RANJAN SAHOO | Student | Bhubaneswar | Please add CMA'S In the definition of Accountants | 20 Feb 2025, 03:36 PM |
| Mannu Singh | Student | Delhi | Please add CMA in accountant definition | 20 Feb 2025, 03:36 PM |
| Ramesha.K.N. | Member | Mysore | Cost Accountant to be included in the definition of Accountant in New Income Tax Act 2025. | 20 Feb 2025, 03:36 PM |
| Shejal kumari | Jharkhand | 20 Feb 2025, 03:36 PM | ||
| Pritam Kumar Swain | Student | Cuttack, Odisha | 20 Feb 2025, 03:35 PM | |
| Abdul Basith KA | Student | Calicut | Change of accountant definition in income tax act to get tax audit for CMA | 20 Feb 2025, 03:35 PM |
| Binit Roy | Student | Nagaon (Assam) | We Support and CMA should also include in the definition of Accountant. | 20 Feb 2025, 03:35 PM |
| Shiva Krishna | Student | Andhrapradesh | All is well | 20 Feb 2025, 03:35 PM |
| Shivam sachdeva | Student | Delhi | 20 Feb 2025, 03:35 PM | |
| Harsh Shukla | Student | Chattisgarh | Cost accountant are an important pillar of financial sector of the country. It's the time we should be given equal opportunity to use our knowledge and competence. | 20 Feb 2025, 03:35 PM |
| SASIKUMAR PALANISAMY | Student | Coimbatore | Yes we need to be included in the applicable section | 20 Feb 2025, 03:35 PM |
| Akash Dnyaneshwar Sanap | Student | NASHIK | ALL INDIA COST & MANAGEMENT ACCOUNTANTS ASSOCIATION Petition for Inclusion of CMA in New Income Tax Act-2025 Our Cause PETITION TO THE PARLIAMENT FOR INCLUSION OF "COST ACCOUNTANT" IN THE DEFINITION OF "ACCOUNTANT" IN THE NEW INCOME TAX BILL-2025 Submit Your Support For Petition for Inclusion of CMA in New Income Tax Act-2025 Name Your mobile City / State Define yourself Please write your comment. 4169 Upvotes & counting... View Latest Comments Name Category City/State Comment Date Harish Agarwal Member Guwahati To, The Hon’ble Finance Minister, Government of India Ministry of Finance North Block, New Delhi Subject: Representation for Inclusion of Cost and Management Accountants (CMAs) as Recognized Accountants under the Income Tax Act Respected Madam/Sir, We, the undersigned members of the Cost and Management Accounting (CMA) fraternity, hereby submit this representation to seek the inclusion of Cost and Management Accountants (CMAs) as recognized accountants under the Income Tax Act. Justification for Inclusion: 1. Expertise in Taxation and Financial Management CMAs possess extensive knowledge of taxation, cost analysis, and financial management, making them well-equipped to assist individuals and businesses in tax compliance and financial structuring. 2. Enhancing Tax Compliance and Broadening the Tax Base Recognizing CMAs will increase the number of qualified professionals available for tax advisory and compliance, leading to greater accuracy in tax filings and higher tax collection efficiency. 3. Parity with Other Accounting Professionals Currently, Chartered Accountants (CAs) and Company Secretaries (CSs) hold recognition under the Income Tax Act. Including CMAs will ensure equitable opportunities for all finance professionals in taxation matters. 4. Support for Small and Medium Enterprises (SMEs) CMAs offer cost-effective financial and tax advisory services, making professional assistance more accessible to SMEs, startups, and other businesses striving for efficient tax compliance. 5. Alignment with Global Best Practices Many developed economies recognize multiple finance professionals, including CMAs, for tax-related services. Granting CMAs similar recognition will align India’s tax system with global financial governance standards. 6. Promoting Economic Growth and Financial Prudence CMAs specialize in cost control, efficiency enhancement, and financial planning, which are essential for economic development. Their contribution to tax advisory will help businesses optimize financial strategies, boosting overall economic growth. 7. Encouraging Professional Specialization in Taxation Including CMAs under the Income Tax Act will promote specialization in taxation and financial structuring, leading to better tax-saving strategies and financial discipline among businesses and individuals. Conclusion: Recognizing CMAs under the Income Tax Act will enhance the availability of qualified professionals, strengthen tax compliance, and improve financial governance. We request your esteemed office to consider this inclusion, which will benefit taxpayers, businesses, and the overall economy. We look forward to your positive consideration of this representation. Thank you. |
20 Feb 2025, 03:34 PM |
| Shreeshti Mundu | Student | Bhilai | 20 Feb 2025, 03:34 PM | |
| Vaibhav Ganesh Nikam | Student | Nashik, Maharashtra | Tax audit regarding complete knowledge in CMA Course and increase a number of tax audit | 20 Feb 2025, 03:34 PM |
| Vohara Ubedraja | Gujarat | To, The Hon’ble Finance Minister, Government of India Ministry of Finance North Block, New Delhi Subject: Representation for Inclusion of Cost and Management Accountants (CMAs) as Recognized Accountants under the Income Tax Act Respected Madam/Sir, We, the undersigned members of the Cost and Management Accounting (CMA) fraternity, hereby submit this representation to seek the inclusion of Cost and Management Accountants (CMAs) as recognized accountants under the Income Tax Act. Justification for Inclusion: 1. Expertise in Taxation and Financial Management CMAs possess extensive knowledge of taxation, cost analysis, and financial management, making them well-equipped to assist individuals and businesses in tax compliance and financial structuring. 2. Enhancing Tax Compliance and Broadening the Tax Base Recognizing CMAs will increase the number of qualified professionals available for tax advisory and compliance, leading to greater accuracy in tax filings and higher tax collection efficiency. 3. Parity with Other Accounting Professionals Currently, Chartered Accountants (CAs) and Company Secretaries (CSs) hold recognition under the Income Tax Act. Including CMAs will ensure equitable opportunities for all finance professionals in taxation matters. 4. Support for Small and Medium Enterprises (SMEs) CMAs offer cost-effective financial and tax advisory services, making professional assistance more accessible to SMEs, startups, and other businesses striving for efficient tax compliance. 5. Alignment with Global Best Practices Many developed economies recognize multiple finance professionals, including CMAs, for tax-related services. Granting CMAs similar recognition will align India’s tax system with global financial governance standards. 6. Promoting Economic Growth and Financial Prudence CMAs specialize in cost control, efficiency enhancement, and financial planning, which are essential for economic development. Their contribution to tax advisory will help businesses optimize financial strategies, boosting overall economic growth. 7. Encouraging Professional Specialization in Taxation Including CMAs under the Income Tax Act will promote specialization in taxation and financial structuring, leading to better tax-saving strategies and financial discipline among businesses and individuals. Conclusion: Recognizing CMAs under the Income Tax Act will enhance the availability of qualified professionals, strengthen tax compliance, and improve financial governance. We request your esteemed office to consider this inclusion, which will benefit taxpayers, businesses, and the overall economy. We look forward to your positive consideration of this representation. Thank you. 20-02- | 20 Feb 2025, 03:34 PM | |
| Kavya Jogu | Student | Hyderabad | 20 Feb 2025, 03:34 PM | |
| Nishna Farvin | Student | Kerala | As a cma student I I strongly believe that we cma also compatible to include in the definition of accountant. | 20 Feb 2025, 03:34 PM |
| Navaneeth | Student | Kerala | 20 Feb 2025, 03:33 PM | |
| Anshul Jain | Others | Delhi | CMA’s should be included in the definition of Accountants for Income Tax act -2025 | 20 Feb 2025, 03:33 PM |
| Nandini Rajput | Chhatrapati Sambhajinagar | Key Reasons for Inclusion: Expertise in Taxation & Compliance: Cost Accountants are extensively trained in direct and indirect taxation, financial reporting, and compliance. They play a crucial role in tax planning, assessment, and financial accuracy for businesses. Enhancing Tax Administration Efficiency: Recognizing CMAs would improve taxpayer compliance, reduce tax evasion, and enhance the overall efficiency of the tax system by allowing a broader pool of qualified professionals to assist taxpayers. Parity Among Financial Professionals: The Companies Act, 2013, GST Act, and other financial regulations already acknowledge Cost Accountants as competent professionals for auditing, certification, and compliance-related tasks. The Income Tax Act should align with these provisions. Supporting MSMEs and Startups: India’s MSME sector and startups require cost-effective financial advisory services. Including CMAs would provide businesses with more options for professional services, ensuring better financial management at a lower cost. Global Best Practices: Many developed economies recognize cost and management accountants as essential financial professionals. India must adopt a progressive approach by expanding the role of CMAs in taxation matters. |
20 Feb 2025, 03:33 PM | |
| Jayapriya | Villupuram | 20 Feb 2025, 03:33 PM | ||
| Divya Sree | Student | Bengaluru | We are eligible and qualified professional to be represented in accountant definition. | 20 Feb 2025, 03:32 PM |
| Radha | Member | chennai | 20 Feb 2025, 03:32 PM | |
| PINKYRANI PATRA | BHUBANESWAR | Cma should also be included in definition of Accoutant | 20 Feb 2025, 03:32 PM | |
| Shamla | Malapuram | Cost accountant mus be include in the defination of accountant for the purpose of tax audit | 20 Feb 2025, 03:32 PM | |
| SACHIN Sanjay Dalvi | Others | nashik | please provide right to CMA professional for tax audit under new income tax act 2025 they have proper valuable knowledge | 20 Feb 2025, 03:32 PM |
| Rachel Sophiya | Student | Chennai | "It's only fair that Cost Accountants are recognized and should included in the definition of 'Accountant' under the proposed Income Tax Bill 2025. Their expertise and contributions to the are invaluable." | 20 Feb 2025, 03:32 PM |
| sagar markan | Member | New Delhi | CMA must be included in the definition of Accountant in Income tax. | 20 Feb 2025, 03:32 PM |
| Simran Lulla | Student | Ambernath East Maharashtra | 20 Feb 2025, 03:32 PM | |
| Sai sourva panda | Student | Sambalpur | Cma's are also accountant and are able to do tax audit. Inclusion of cma is requested from the parliament in defination of accountants as outlined in section 513(3)(b) under the proposed income tax act-2025 | 20 Feb 2025, 03:31 PM |
| Sneha jha | Student | Dhanbad jharkhand | We should be there in the definition of Accountant. | 20 Feb 2025, 03:31 PM |
| Bantu HemSekhar | Student | Visakhapatnam Andhra Pradesh | 20 Feb 2025, 03:31 PM | |
| Pawan Akula | Student | Karnataka | I support inclusion of cma in the definition of accountant in recent introduced income tax 2025 bill. | 20 Feb 2025, 03:31 PM |
| Dhananjoy Deb | Student | Guwahati | 20 Feb 2025, 03:31 PM | |
| Radhakrishnan C M | Member | Palakkad, Kerala | 20 Feb 2025, 03:31 PM | |
| Mohammed Aslam | Student | Thrissur | Change of Accountant definition in Income Tax Act | 20 Feb 2025, 03:30 PM |
| Sanjay Sahoo | Member | Nil | CMAs are capable enough to take up the tax audit jobs efficiently. | 20 Feb 2025, 03:30 PM |
| Sourya pandey | Student | Lucknow | 20 Feb 2025, 03:30 PM | |
| Santosh Vysyaraju | Student | Hyderabad | 20 Feb 2025, 03:30 PM | |
| Angith C | Student | Kerala | 20 Feb 2025, 03:30 PM | |
| Aswin Prasanth | Student | Thrissur/ Kerala | 20 Feb 2025, 03:30 PM | |
| Boddeda Sanyasi Naidu | Member | Andhra Pradesh | 90% of CA and CMA syllabus are same. People get good service's from both CA s and CMA s when some competition exists |
20 Feb 2025, 03:29 PM |
| Mekala | Student | Tamilnadu | It's very important to include cma in income tax act 2025 | 20 Feb 2025, 03:29 PM |
| P SUBRAHMANYAM | Others | MOBILE SERVICES | I support the movement | 20 Feb 2025, 03:29 PM |
| MUHAMMED SHIFAD | Student | Kozhikode | Pls add cma too in the defenition of accountant as per income tax act | 20 Feb 2025, 03:29 PM |
| Nandini Venugopal Potu | Student | Solapur, Maharashtra | Yes! I support the change | 20 Feb 2025, 03:29 PM |
| MAHESH KUMAR CHOUDHARY | Member | Kolkata | for future of CMA is necessary | 20 Feb 2025, 03:28 PM |
| Mohammed Aseel V | Student | Kerala | 20 Feb 2025, 03:28 PM | |
| Dipak Arun Sonawane | Student | Nashik | Please provide right to CMA profession for tax audit they should have valuable knowledge about income tax as similar to CA... Please provide right decision |
20 Feb 2025, 03:28 PM |
| Narayan Sahoo | Member | BHUBANESWAR | CMA should come under the definition of Accountant in the New Income tax Bill. | 20 Feb 2025, 03:28 PM |
| Tharini | Others | Trichy | I support | 20 Feb 2025, 03:28 PM |
| trilochan palai | Member | CHENNAI | 20 Feb 2025, 03:28 PM | |
| sathya narayanan | Student | chennai | Please include CMA/CS ..in the Bill of passing "Accountants Role". | 20 Feb 2025, 03:27 PM |
| Vaibhav Gandhi | Member | Valsad | 20 Feb 2025, 03:27 PM | |
| HIMANSHU DAVE | Member | Pune | I support | 20 Feb 2025, 03:27 PM |
| Divya | Student | chennai | 20 Feb 2025, 03:26 PM | |
| Fathima amra | Student | Kannur , kerala | Cost and management accountant want the right to tax audit | 20 Feb 2025, 03:26 PM |
| Dudhat harsh jiteshbhai | Student | Surat, Gujrat. | I always agree with the decision of The Institute of Cost Accountants of lndia | 20 Feb 2025, 03:26 PM |
| Subrata Ghosh | Member | Kolkata | Bill must include the Cost Accountant in the defination of Accountant under new Income Tax code. | 20 Feb 2025, 03:26 PM |
| Pankaj patil | Member | Pune | CMA HAS TO INCLUDE IN ACCOUNTANT DEFINATION | 20 Feb 2025, 03:26 PM |
| Ashfaque Haider | Student | Kolkata | I support the cause | 20 Feb 2025, 03:26 PM |
| Yazhini | Student | Chennai | 20 Feb 2025, 03:26 PM | |
| Niranjan G | Student | Chennai | 20 Feb 2025, 03:25 PM | |
| SHIVNAND SAKHAHARI GARLE | Student | Nashik | Cost Accountant the name itself suggest that we are accountants. Thus, Cost Accountants shall be included in the defination of Accountants. | 20 Feb 2025, 03:25 PM |
| Leena Deshmukh | Others | Pune | Include CMA in defination of accountant. | 20 Feb 2025, 03:25 PM |
| Shubham Kumar | Student | Bokaro, Jharkhand | As we all know that, CMA qualification is equivalent to CA qualification. Under both the courses, the syllabus and weightage of Direct taxation are same. CMAs are also competent to deal with all matters related to direct taxes. Authorities/Officials should include CMA within the definition of Accountant under the proposed Income Tax Bill, 2025 for ease of doing business and to eliminate the monopoly of CA for the betterment of IT Administration, assessees, professionals and stakeholders. | 20 Feb 2025, 03:25 PM |
| Harshita Devda | Student | Udaipur | I would like to respectfully submit my support for the inclusion of Cost and Management Accountants (CMAs) in the definition of "Accountants" under the proposed Income Tax Code 2025. CMAs play a vital role in strategic financial management, cost optimization, and ensuring compliance with tax regulations. Their expertise contributes significantly to accurate financial reporting and informed decision-making, which are essential for maintaining transparency and accountability in the financial ecosystem. Recognizing CMAs under the new tax code would not only acknowledge their professional competence but also enhance the overall quality of financial governance. This inclusion would provide taxpayers with a broader choice of qualified professionals, thereby promoting fair competition and improved service standards in the accounting profession. I sincerely urge the concerned authorities to consider this request for the holistic development of the financial and taxation framework. |
20 Feb 2025, 03:25 PM |
| Suresh Matsa | Student | Hyderabad | 20 Feb 2025, 03:25 PM | |
| Kumar R | Student | chennai/Tamil Nadu | Please add Accountant CMA,CS in Income Tax Act. | 20 Feb 2025, 03:25 PM |
| Nagendar | Student | Hyderabad | As a CMA we aso need to include tax audit new bill | 20 Feb 2025, 03:25 PM |
| Roshan Patel | Student | Sambalpur | 20 Feb 2025, 03:24 PM | |
| Deva | Student | Pondicherry | Cma's are also accountant and are able to do tax audit. Inclusion of cma is requested from the parliament in defination of accountants as outlined in section 513(3)(b) under the proposed income tax act-2025 | 20 Feb 2025, 03:24 PM |
| Manjunath | Student | Karnataka | 20 Feb 2025, 03:24 PM | |
| Nithish C G | Student | Kochi | 20 Feb 2025, 03:24 PM | |
| Chris George | Student | Kerala | 20 Feb 2025, 03:23 PM | |
| Devang KUMAR Gupta | Student | New Delhi | Cma's are also accountant and are able to do tax audit. Inclusion of cma is requested from the parliament in defination of accountants as outlined in section 513(3)(b) under the proposed income tax act-2025 | 20 Feb 2025, 03:23 PM |
| Kanika Gupta | Student | Jharkhand | 20 Feb 2025, 03:23 PM | |
| Sd Arshad | Andhra Pradesh | Yes I support ICMAI inclusion of CMA's in Accountants definition. | 20 Feb 2025, 03:23 PM | |
| Chris George | Student | Kerala | 20 Feb 2025, 03:22 PM | |
| Kumod Ranjan Jha | Member | Kolkata | Tax audit is the right of our profession and that should be given to us | 20 Feb 2025, 03:22 PM |
| Aarav Upadhayay | Student | Ranchi | CMA must be include in the definition of accountant and allow them to do tax audit as well. | 20 Feb 2025, 03:22 PM |
| Tejprakash Devpura | Member | Udaipur | 20 Feb 2025, 03:22 PM | |
| Hiropam Das | Member | Bolpur | 20 Feb 2025, 03:22 PM |