-
Aug 01, 2025
-
Income Tax Bill: ICSI pitches for considering company secretaries as accountants in taxation laws
Company secretaries' apex body ICSI on Thursday continued to pitch for recognising its members as accountants and urged the government to undertake a comprehensive overhaul of taxation laws.
The comments from the Institute of Company Secretaries of India (ICSI), set up under an Act of Parliament, come against the backdrop of the Parliamentary Select Committee not considering the body's submission to be included in the definition of 'accountant' in the Income Tax Bill.
In a statement, ICSI said it will continue to advocate recognition of the company secretary profession within the definition of 'accountant', and ensure that the roles and opportunities for company secretaries are effectively incorporated into policy-making processes.
To realise the vision of Viksit Bharat, there is a need for a holistic policy review and the government should undertake a comprehensive overhaul of taxation Laws, with a clear focus on inclusive and future-ready reforms, it noted.
|