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PM: Tax Assessment norms to be changed to help common man

PM Narendra Modi addressed a public rally in Mumbai ahead of Maharashtra polls where he reiterated his government's achievement of putting those who wrecked the banking system behind bars, promising further to modify the tax assessment procedures.

ET Bureau|
Updated: Oct 19, 2019, 07.47 AM IST
Mumbai: Prime Minister Narendra Modi on Friday said his government will soon change the way tax assessment related procedures in order to benefit the common people.

Speaking at a public rally in Mumbai while campaigning for BJP and Shiv Sena alliance for the upcoming Maharashtra assembly polls, PM Modi said his government has put many of those who have wrecked the banking system behind bars.

Claiming his government was business-friendly, the Prime Minister said his government accords immense respect to those who create wealth.
“ I understand a job creator is very important. We respect all those who generate employment for themselves and others. Ours is a government of job creators,” he said. Accusing the earlier Congress governments of being pro-licence raj where ‘job creators would be crushed’, the PM said his government has ensured that system is over.

“We have introduced faceless tax assessment. It will not be biased. The innocent tax payer will not be harassed. We are going to change the tax assessment system in the coming days so that the common man is not burdened,” said the PM. The PM said it was his government that had abolished angel, which the erstwhile Congress government had introduced.

“They made corporate tax rates the highest in the country. We have brought it down and made it globally competitive. While we gave mudra loans to the poor, they used phone banking to transfer money to dishonest people,” said Modi.

Modi blamed previous governments for current irregularities in the banking system and said his government is doing a clean up. “ They spoiled the system. In future, more work will be done in the banking system. Some of those who ruined the system are already in Tihar Jail while some are in Mumbai jail,” said the PM.

The PM did not name the PMC bank scam but said money of ‘honest people’ would be safeguarded by his government and said ‘the dishonest would not be spared’.
Modi said during the Congress-led regimes, terror attacks and bomb blasts would take place in Mumbai “any time”.

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