https://www.taxtmi.com/acts?id=9361 The Finance Commission, appointed by the President with a Chairman and four members and subject to Parliamentary qualification rules, must recommend distribution of net tax proceeds between the Union and States, allocation among States, principles for grants in aid from the Consolidated Fund, and measures to augment State Consolidated Funds to supplement Panchayat and Municipality resources; it also considers other presidential references and determines its procedure, exercising powers Parliament may confer. en-us Mon, 20 Oct 2008 15:36:50 +0530 Sat, 26 Apr 2025 10:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9361 The Finance Commission, appointed by the President with a Chairman and four members and subject to Parliamentary qualification rules, must recommend distribution of net tax proceeds between the Union and States, allocation among States, principles for grants in aid from the Consolidated Fund, and measures to augment State Consolidated Funds to supplement Panchayat and Municipality resources; it also considers other presidential references and determines its procedure, exercising powers Parliament may confer. Act-Rules Indian Laws Mon, 20 Oct 2008 15:36:50 +0530 https://www.taxtmi.com/acts?id=9361