ARTICLE 264, 265, 266 OF CONSTITUTION OF INDIA 1949

What is Interpretation? What is the meaning Taxes not to be imposed save by authority of law? What is Consolidated Funds and public accounts of India and of the States? Article 264, 265 and 266 of Constitution of India, 1949

Interpretation, Taxes not to be imposed save by authority of law and Consolidated Funds and public accounts of India and of the States are defined under Article 264, 265 and 266 of Constitution of India 1949. Provisions under these Articles are:

 

 

Article 264 of Constitution of India "Interpretation"

In this Part, "Finance Commission" means a Finance Commission constituted under Article 280.

 

Article 265 of Constitution of India "Taxes not to be imposed save by authority of law"

No tax shall be levied or collected except by authority of law.

Article 266 of Constitution of India "Consolidated Funds and public accounts of India and of the States"

(1) Subject to the provisions of Article 267 and to the provisions of this Chapter with respect to the assignment of the whole or part of the net proceeds of certain taxes and duties to States, all revenues received by the Government of India, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled "the Consolidated Fund of India", and all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances and all moneys received by that Government in repayment of loans shall form one consolidated fund to be entitled "the Consolidated Fund of the State".

(2) All other public moneys received by or on behalf of the Government of India or the Government of a State shall be entitled to the public account of India or the public account of the State, as the case may be.

(3) No moneys out of the Consolidated Fund of India or the Consolidated Fund of a State shall be appropriated except in accordance with law and for the purposes and in the manner provided in this Constitution.

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