ICSI Calls for Recognition of Company Secretaries as Accountants
The Institute of Company Secretaries of India (ICSI) is urging the government to recognize its members as accountants and overhaul taxation laws. The appeal is amidst the rejection of this inclusion in the upcoming Income Tax Bill. ICSI commits to advocating for the profession's recognition in policy reforms.
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- India
The Institute of Company Secretaries of India (ICSI) has reiterated its appeal for its members to be recognized as accountants. The organization called on the government to overhaul taxation laws comprehensively.
Despite the Parliamentary Select Committee's dismissal of ICSI's inclusion request in the Income Tax Bill, the institute remains resolute in pursuing this recognition. ICSI stresses the importance of defining 'accountant' to include company secretaries, aiming to highlight their role in policy-making.
Amid the presentation of the Income Tax Bill, 2025, the committee cited simplification objectives as reasons for exclusion. ICSI sees this as a policy issue warranting more than mere simplification, focusing on broader, future-ready tax reforms.
(With inputs from agencies.)
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