Paying more taxes? You are about to get better treatment, extra facilities

High-income tax payers are going to get priority and extra facilities soon as a tax official is going to address your queries as soon as possible.

Around 80% of India’s direct tax comes from 20,000 individuals and entities and the Central Board of Direct Taxes (CBDT) has decided to give them preferential treatment.

As per reports, if a priority taxpayer has a query or facing an issue, it will be resolved on urgent basis.

Any assessment order on such taxpayers will be vetted by a specialist in that sector before being issued to the company, according to the proposal under discussion.

Through this system, the tax department aims to reduce litigation and disputes that India's tax system is burdened.

Also, tax evading people will also be monitored and individual taxpayers in the Rs 5-10 lakh annual pay bracket will also be screened.

"There is a dire need to have a resolution mechanism at the first stage of the dispute itself, wherein tax payers, especially large tax payers, could discuss with revenue authorities and arrive at a decision/resolution in time," Vikas Vasal, national leader, tax, Grant Thornton India LLP, told ET.