Question:
Which statutory body determines the criteria for tax devolution from the divisible pool to the States in India?
Which statutory body determines the criteria for tax devolution from the divisible pool to the States in India?
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Know which body handles tax sharing between states and center.
Updated On: Dec 21, 2024
- Reserve Bank of India
- Niti Aayog
- Finance Commission of India
- Ministry of Commerce
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The Correct Option is C
Solution and Explanation
The *Finance Commission of India* is the constitutional body that determines the criteria for devolution of taxes from the divisible pool to the States.
It ensures that states get their share of resources from the central government.
Hence, the correct answer is (c).
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