InvestorQ : what is a constitution in the finance commission?
Nagesh rameshwar pawar made post

what is a constitution in the finance commission?

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Anu Biswas answered.
1 year ago
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The constitution of the finance commission is runed by the president under Article 280 of the constitution. It helps in the distribution of taxes between the union and the states and within the states as well.

The first finance commission was constituted in 1951 and till today, we have 15 of them.

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