Articles of Centre-State Financial Relations

Q.  Which of the following is/are true?

1) Article 266 deals with Contingency Fund.
2) Article 281 deals with Recommendations of Finance Commission.
- Published on 23 Feb 17

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Only 2
 
Articles related to Centre–State Financial Relations -
  • Article 264 - Interpretation.

  • Article 265 - Taxes not to be imposed save by authority of law.

  • Article 266 - Consolidated Funds and public accounts of India and of the states.

  • Article 267 - Contingency Fund.

  • Article 268 - Duties levied by the Union but collected and appropriated by the states.

  • Article 268A - Service tax levied by Union and collected and appropriated by the Union and the states.

  • Article 269 - Taxes levied and collected by the Union but assigned to the states.

  • Article 270 - Taxes levied and distributed between the Union and the states.

  • Article 271 - Surcharge on certain duties and taxes for purposes of the Union.

  • Article 272 - Taxes which are levied and collected by the Union and may be distributed between the Union and the States (Repealed).

  • Article 273 - Grants in lieu of export duty on jute and jute products.

  • Article 274 - Prior recommendation of president required to bills affecting taxation in which states are interested.

  • Article 275 - Grants from the Union to certain states.

  • Article 276 - Taxes on professions, trades, callings and employments.

  • Article 277 - Savings.

  • Article 278 - Agreement with States in Part B of the First Schedule with regard to certain financial matters (Repealed).

  • Article 279 - Calculation of net proceeds, etc.

  • Article 280 - Finance Commission.

  • Article 281 - Recommendations of the finance commission.

  • Article 282 - Expenditure defrayable by the Union or a state out of its revenues.

  • Article 283 - Custody, etc., of consolidated funds, contingency funds and moneys credited to the public accounts.

  • Article 284 - Custody of suitors’ deposits and other moneys received by public servants and courts.

  • Article 285 - Exemption of property of the Union from state taxation.

  • Article 286 - Restrictions as to imposition of tax on the sale or purchase of goods.

  • Article 287 - Exemption from taxes on electricity.

  • Article 288 - Exemption from taxation by states in respect of water or electricity in certain cases.

  • Article 289 - Exemption of property and income of a state from Union taxation.

  • Article 290 - Adjustment in respect of certain expenses and pensions.

  • Article 290A - Annual payment to certain devaswom funds.

  • Article 291 - Privy purses sums of Rulers (Repealed).

  • Article 292 - Borrowing by the Government of India.

  • Article 293 - Borrowing by states.

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