Describe the financial relation between the centre and state
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The Financial relationship between the Centre (Union) and the States is provided in the constitution. The constitution gives a detailed scheme of distribution of financial resources between Union and the States.
The Indian constitution makes a broad distinction between the power to levy a tax and the power to appropriate the proceeds of a tax. Thus, the legislature which levies a tax is not necessarily the authority which retains the proceeds of a tax levied.
The Indian constitution makes a broad distinction between the power to levy a tax and the power to appropriate the proceeds of a tax. Thus, the legislature which levies a tax is not necessarily the authority which retains the proceeds of a tax levied.
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The Financial relationship between the Centre (Union) and the States is provided in the constitution. The constitution gives a detailed scheme of distribution of financial resources between Union and the States.
The Indian constitution makes a broad distinction between the power to levy a tax and the power to appropriate the proceeds of a tax. Thus, the legislature which levies a tax is not necessarily the authority which retains the proceeds of a tax levied.
The Indian constitution makes a broad distinction between the power to levy a tax and the power to appropriate the proceeds of a tax. Thus, the legislature which levies a tax is not necessarily the authority which retains the proceeds of a tax levied.
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