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In the financial sphere the Constitution makes:
An equitable distribution of finances between the Centre and States
A distribution in favor of the States
A distribution in favour of the Centre
No distribution and leaves the same to be determined by the Finance Commission
In Centre State financial relations, Finance Commission plays an important role. According to the Constitution the President is empowered to set up a Finance Commission after every five years to make recommendations to him about the distribution of net proceeds of taxes to be divided between the centre and the states.
By: MIRZA SADDAM HUSSAIN ProfileResourcesReport error
Jayant Chauhan
wrong option marked as correct
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