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Centre State Relations - Financial Relations I
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In this lesson, the financial relations between the centre and the states - approach to the topic, article 265, division of financial powers between the Centre and the states and categorisation of the taxes levied by the Centre is explained

Deepika Reddy Magham is teaching live on Unacademy Plus

Deepika Reddy Magham
BCA, LLB, MBA; Director, Shikara IAS Academy; 10 years experience in teaching Indian Polity, Ethics, Indian Society and Social Justice.

U
Unacademy user
Imperfect video : abrupt ending, misread here & there Constructive feedback for improvement
mam can i use this content for economics
Yes to the extent of reference t9 the Constitutional provisipns
Ratnadwip Das
4 months ago
thank you mam
maan, please make rest of the lectures in these series
I will upload today aditi
  1. CENTRE STATE RELATIONS FINANCIAL R LATIONS M.DEEPIKA REDDY VERIFIED EDUCATOR - UNACADEMY FACULTY - CIVIL SERVICES


  2. PROVISIONS Part XlI Articles 264 to 300 Division of resources - Distribution of resources Other provisions


  3. Article 265 States that "no tax can be levied except by authority by law" There must be a law that provides the tax The tax must be levied and collected according to the law.


  4. STATETAXATION POWERS 1) Land Revenue 2) Agricultural Income 3) Property & Vehicle Tax 4) Amusement, Betting & Gambling Tax 5) Consumption & Sale of Electricity Surcharge on electricity is levied, collected & Appropriated by State Govt.


  5. TAXATION POWERS OF THE UNION 1. Taxes levied by union but collected and appropriated by states 2. Taxes levied and collected by Union assigned to the States 3. Taxes levied, collected and appropriated by the Union 4. Taxes levied and collected by the Union which may be Distributed between Union and States. 5. Taxes levied and collected by the Union which may be distributed between Union and States.


  6. RESOURCES UNDER THE CENTRE 1 Duties levied by union but collected and appropriated by states include (Art 268) Stamp Duties - Medicinal &Toilet Preparation (this has been removed by 101 CAA


  7. RESOURCES UNDER THE CENTRE 2) Taxes Levied and Collected by Union assigned to the States (Art 269) Sale/Purchase of Goods except goods related to interstate Trade