Question

what is the function of finance commission?

Answer 1

heya user!

The function of finance commission are ->

a) Setting up rules regarding the distribution of tax revenues between the center and the states.

b) Determining the principal governing the allocation of grants in aid to the states and local bodies.

c) determining the magnitude of grants -in-aid allocated to the states and local bodies.

d) any other matter referred to the commission.

hope this help! ^_^

Answer 2

hi

Functions of finance commission are allocation the tax revenue between centre and states and reduce the fiscal imbalance.