Can CMA do tax audit

Hello
can any one please clarify that is there any announcement by Finance Minister that CMA are included in the accountant definition of sec 288 of income tax act 1961
Replies (11)
Quick Summary
This discussion explores whether Certified Management Accountants (CMAs) are permitted to conduct tax audits in India under Section 288 of the Income Tax Act 1961. While some participants believe CMAs can perform tax audits based on a circular, others argue they are limited to cost audits. A representation from ICMAI to the Finance Minister is mentioned, suggesting potential future inclusion or merger possibilities.

Yes, the circular includes cost accountants into accountants definition

Could please share such circular?
No I think CMA cannot conduct tax audit
But they are saying that they can conduct the tax audit and circular has been released

It is true, MCA can conduct tax audit. Next an mba will study indirect taxation, advanced taxation and become a full fledged auditor

Originally posted by : divy harika manepalli
But they are saying that they can conduct the tax audit and circular has been released

Can you share the circular?

Sure: https://icmai.in/upload/Taxation/Rep_Modification_19072019.pdf

This is the representation from ICMAI requesting the FM to include CMAs as accountants u/s 288. I'm referring to the circular from CBDT that has been stated above.

Cannot, They do Cost Audit, They can only.
CMA can conduct cost audit only u/s 148 of companies act

In upcoming future (2 or 3 years) CMA's can conduct Tax Audit also.

Government is doing work in this area for inclusion of Cost Accountants in Accountant definiation or may be merger of of both Institutes (ICMAI & ICAI).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details