Question

Write a brief note on consclidate fund of india

Answer 1

Explanation:

Definition: Consolidated Fund of India is the most important of all government accounts. ... All revenues received by the government by way of direct taxes and indirect taxes, money borrowed and receipts from loans given by the government flow into the Consolidated Fund of India.

Answer 2

heya here i m with your ans .

☆Consolidated fund ---

Revenues received by the government (direct taxes and indirect taxes, license fees, money received by govt. in loan repayment, profits from public sector undertakings) together forms the Consolidated Fund of India...

This fund was constituted under Article 266 (1) of the Constitution of India. All revenues received by the government by way of direct taxes and indirect taxes, money borrowed and receipts from loans given by the government flow into the Consolidated Fund of India....

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