Indian Polity · Polity
The State Finance Commission constituted under Article 243-I of the Constitution recommends principles governing the:
- 1Distribution of net proceeds of taxes between the Centre and States
- 2Distribution of net proceeds of taxes between the State and Panchayats✓
- 3Allocation of revenue between the Centre and Municipalities directly
- 4Financial relations between the President and Prime Minister
Correct answer
Distribution of net proceeds of taxes between the State and Panchayats
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