Heartiest Congratulations to CMA T C A Srinivasa Prasad Ji, new President, ICMAI!! With wish our institute will touch new hights under your leadership!!!
#icmai
GST Day Celebration by Bengaluru Chapter of Cost Accountants and Sourth India Regional Council at Sir MV Auditorium, Bengaluru on 12 July2025.
#gstday#icmai
Time to come to make reality long justified demand of tax audit by CMAs and remove unjust and monopolistic practice!!
#TAXAUDITFORCSCMA#CMACSfortaxaudit
📢 Seeking Your Support! 📢
The All India Cost & Management Accountants Association (AICMAA) is advocating for the inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the Income Tax Bill 2025.
✅ 2,342+ supporters & growing!
📜 Sign the petition & make a difference!
🔗 https://t.co/AuU1UF9OLw
🔄 Retweet to raise awareness!
@ICMAICMA@indCMAs
#CMA4IncomeTax #SupportCMAs #TaxReform
🚨 ICMAI Urges Inclusion of Cost Accountants in Income-Tax Bill 2025! 🚨
The Institute of Cost Accountants of India (@ICMAICMA) has submitted a memorandum to Hon’ble Finance Minister Smt. Nirmala Sitharaman (@nsitharaman), requesting the inclusion of Cost Accountants in the definition of "Accountant" under Section 515(3)(b) of the Income-Tax Bill, 2025.
With the introduction of this Bill on February 13, 2025, ICMAI acknowledges it as a crucial step in modernizing India's tax system by streamlining provisions and improving compliance.
Recognizing the specialized expertise of Cost Accountants in taxation, compliance, and financial governance, this inclusion will:
✅ Enhance representation of Cost Accountants in taxation matters
✅ Promote inclusivity in the evolving tax administration
✅ Ensure effective utilization of professional skills for a transparent and efficient tax system
As India moves towards Viksit Bharat@2047, empowering professionals in taxation will contribute significantly to economic growth and ease of doing business.
We look forward to positive consideration from the Ministry of Finance.
Your support and insights on this matter are welcome!
#ICMAI #CostAccountants #IncomeTaxBill2025 #TaxReforms #Finance #Governance #EaseOfDoingBusiness
🚨 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
Good News!! Govt has notified that member of the Institute of Cost Accountants of India as a Compliance Officer in Regulation 20(1) of the Securities and Exchange Board of India (Investment Advisers) (Second Amendment) Regulations, 2024.
Opportunity for CMAs to grab!!
#icmai