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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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The Sixteenth Finance Commission was constituted on 31.12.2023 with Shri Arvind Panagariya, former Vice-Chairman, NITI Aayog as its Chairman.
Now the following members are appointed to the Commission with the approval of the President of India.
1. | Shri. Ajay Narayan Jha, former member, 15th Finance Commission and former Secretary, Expenditure | Full time Member |
2. | Smt. Annie George Mathew, former Special Secretary, Expenditure | Full time Member |
3. | Dr. Niranjan Rajadhyaksha, Executive Director, Artha Global | Full time Member |
4. | Dr. Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India | Part time Member |
The terms of reference of the Commission were notified on 31.12.2023.
The Sixteenth Finance Commission has been requested to make its recommendations available by October, 31, 2025, covering an award period of 5 years commencing 1st April, 2026.
Finance Commission appointments designate full- and part-time members and set deadline for recommendations and award period. The Sixteenth Finance Commission's membership is formalized with three full-time members and one part-time member appointed, following notification of its terms of reference; the Commission has been requested to submit recommendations by a specified deadline to cover an award period of five years commencing at the stated fiscal start date.Press 'Enter' after typing page number.