www.Aaptaxlaw.com

 

 
 
 

 

Income Tax   Service Tax    VAT   Central Excise   Companies Act   IPC   CRPC   Bare Acts   Tax Forms   Legal formats

ARTICLE 277, 279 OF CONSTITUTION OF INDIA 1949

What are the Savings? How is the Calculation of net proceeds? Article 277 and 279 of Constitution of India, 1949

Savings and Calculation of net proceeds are defined under Article 277 and 279 of Constitution of India 1949. Provisions under these Articles are:

Article 277 of Constitution of India "Savings"

Any taxes, duties, cesses or fees which, immediately before the commencement of this Constitution, were being lawfully levied by the Government of any State or by any municipality or other local authority or body for the purposes of the State, municipality, district or other local area may, notwithstanding that those taxes, duties, cesses or fees are mentioned in the Union List, continue to be levied and to be applied to the same purposes until provision to the contrary is made by Parliament by law.

 

 

Article 279 of Constitution of India "Calculation of "net proceeds", etc"

(1) In the foregoing provisions of this Chapter, "net proceeds" means in relation to any tax or duty the proceeds thereof reduced by the cost of collection, and for the purposes of those provisions the net proceeds of any tax or duty, or of any part of any tax or duty, in or attributable to any area shall be ascertained and certified by the Comptroller and Auditor-General of India, whose certificate shall be final.

(2) Subject as aforesaid, and to any other express provision of this Chapter, a law made by Parliament or an order of the President may, in any case where under this Part the proceeds of any duty or tax are, or may be, assigned to any State, provide for the manner in which the proceeds are to be calculated, for the time from or at which and the manner in which any payments are to be made, for the making of adjustments between one financial year and another, and for any other incidental or ancillary matters.

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

What is Contingency Fund? What are the Duties levied by the Union but collected and appropriated by the States? Article 267 and 268 of Constitution of India, 1949

What are the Taxes levied and collected by the union but assigned to the States? Article 269 of Constitution of India, 1949

What are the Taxes levied and collected by the Union and distributed between the Union and the States? Article 270 of Constitution of India, 1949

What are the Surcharge on certain duties and taxes for purposes of the Union? What are the Taxes which are levied and collected by the Union and may be distributed between the Union and the States? Article 271 and 272 of Constitution of India, 1949

What are the Grants in lieu of export duty on jute and jute products? What is the meaning Prior recommendation of President required to Bills affecting taxation in which States are interested? Article 273 and 274 of Constitution of India, 1949

What are the Grants from the Union to certain States? What are the Taxes on professions, trades, callings and employments? Article 275 and 276 of Constitution of India, 1949

What are the Savings? How is the Calculation of net proceeds? Article 277 and 279 of Constitution of India, 1949

What is Finance Commission? What are the Recommendations of the Finance Commission? Article 280 and 281 of Constitution of India, 1949


Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap