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The Institute of Company Secretaries of India (ICSI) has reiterated its demand for the recognition of its members as 'accountants' under Indian tax laws and called on the government to initiate a comprehensive overhaul of the country's taxation framework. The renewed plea comes after the Parliamentary Select Committee on the Income Tax Bill, 2025, declined to accept ICSI's proposal to include company secretaries within the definition of "accountant." Set up under an Act of Parliament, ICSI co
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FAQ :
ICSI is demanding that company secretaries be recognised as 'accountants' under the Income Tax Bill, 2025.
No, the Parliamentary Select Committee declined to accept ICSI's proposal to include company secretaries within the definition of 'accountant'.
The Select Committee stated that the definition of 'accountant' in the bill was focused on simplifying existing tax laws and that ICSI's request involved a policy-level change outside the bill's immediate scope.
ICSI will continue to advocate for the inclusion of company secretaries in the definition of 'accountant' and ensure their roles are incorporated into policy-making.
The Income Tax Bill, 2025, was introduced to simplify the existing Income-tax Act, 1961, and was referred to a Parliamentary Committee for review.
Currently, the definition of 'accountant' in tax law excludes company secretaries, which limits their professional scope in tax-related certifications and representations.
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