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🚨 ICMAI Press Meet Alert! 🚨
The Institute of Cost Accountants of India (@ICMAICMA) invites you to a Press Meet for the Release of Memorandum on the inclusion of Cost Accountant in the definition of Accountant under Section 515(3)(b) of the Income-Tax Bill, 2025.
📅 Date: February 20, 2025
⏰ Time: 4:30 PM - 6:00 PM
📍 Venue: Press Club of India, New Delhi
Join us as we take a significant step for the profession!
#ICMAI #CMA #CostAccountant #IncomeTaxBill #PressMeet
Dear CMA Colleagues & CS Friends,
*Today, I am just to inform you that I have submitted my concerns on “Accountants Definition “as an Individual Citizen serving / served in various organisations*
This mail has been sent to
all *relevant authorities, including Shri Bijayant Jay Panda Ji, the Chairman of the Select Committee, and all 31 members of the committee tasked with reviewing the Income Tax Bill 2025.The committee is expected to present its report before Parliament on 10th March 2025.*
For your reference, you can view the contents of the report by clicking on the link below:
https://t.co/pa5WN35TrU
*Furthermore, I am committed to reaching out to all 32 committee members through various channels to provide further clarification on the matter.*
*I request for support of all of you specially CMA members, CS members, and all well-wishers whatever way it is possible in championing this cause. Make this issue “Andolan for Cause”*
*Our objective is not just to expand the scope of professional bodies but to offer diverse options to all stakeholders, including industries and the government, with the ultimate goal of eliminating monopolistic practices and enhancing transparency.*
Jai Hind!
CMA Rakesh Bhalla
🚨 Recognition of Professional Accountants in the Income Tax Bill, 2025 🚨
The Indian Cost Accounts Service (ICoAS) is a prestigious Group A Central Civil Service under the Ministry of Finance, Department of Expenditure. It is one of the six organized finance and accounting services of the Government of India and the only accounting service exclusively manned by professional accountants—Cost & Management Accountants (CMAs) and Chartered Accountants (CAs).
As per ICoAS, a professional accountant is defined as a Cost & Management Accountant (CMA) or a Chartered Accountant (CA).
🔹 Key Question:
Why does the The Income Tax Bill, 2025 recognize only Chartered Accountants (CAs) as "Accountants," while both ICoAS and CBDT (@IncomeTaxIndia) function under the Ministry of Finance?
🔹 Time for Change!
CMAs play a crucial role in costing, financial management, and taxation. Isn't it time for equal recognition of CMAs in accounting matters under tax laws?
📢 Calling finance professionals, policymakers, and stakeholders to share their views!
@PMOIndia@nsitharaman@nsitharamanoffc@FinMinIndia@IncomeTaxIndia@ICMAICMA@indCMAs
#ICoAS #CMA #CA #IncomeTaxBill2025 #EqualRecognition #Finance #Accountants #Taxation #PolicyReform #MinistryOfFinance
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We were in the process of trashing ours, then realized it could be used to farm engagement instead.
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Petition To Maniyan PillaRaju Sir & Anwar Rasheed To Re -Release This Timeless Entertainer !❤️👑
If It Happens Record Breaking Opening & Final Will Be Punched In The Name of THALA & GANG!!
#Mohanlal
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