https://www.taxtmi.com/article/detailed?id=981 The Constitution defines Money Bills and prescribes a constrained procedure-certification by the Speaker, transmission for recommendations within a fixed period, and limited amendment powers-while requiring executive recommendation for financial measures involving expenditure from consolidated funds. It allocates taxation subjects between Union, State and Concurrent lists, prescribes rules for assignment, collection and distribution of proceeds, and establishes safeguards including presidential or gubernatorial recommendation for certain tax bills, exemptions for government property, limits on state taxation of inter state sales and powers for local bodies and the Finance Commission. en-us Sat, 09 Oct 2010 00:00:00 +0530 Sat, 14 Sep 2013 23:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=981 The Constitution defines Money Bills and prescribes a constrained procedure-certification by the Speaker, transmission for recommendations within a fixed period, and limited amendment powers-while requiring executive recommendation for financial measures involving expenditure from consolidated funds. It allocates taxation subjects between Union, State and Concurrent lists, prescribes rules for assignment, collection and distribution of proceeds, and establishes safeguards including presidential or gubernatorial recommendation for certain tax bills, exemptions for government property, limits on state taxation of inter state sales and powers for local bodies and the Finance Commission. Articles Budget - Tax Proposals Sat, 09 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=981