Part XII: Finance, Property, Contracts and Suits
Articles 264–300A
- General
- Article 264 InterpretationIn this Part, “Finance Commission” means a Finance Commission constituted under article 280.
- Article 265 Taxes not to be imposed save by authority of lawNo tax shall be levied or collected except by authority of law.
- Article 266 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…
- Article 267 Contingency Fund(1) Parliament may by law establish a Contingency Fund in the nature of an imprest to be entitled “the…
- Distribution of Revenues between the Union and the States
- Article 268 Duties levied by the Union but collected and appropriated by the States(1) Such stamp duties and such duties of excise on medicinal and toilet preparations as are mentioned in the…
- Article 268A Service tax levied by Union and collected by the Union and the StatesOmitted by amendment.
- Article 269 Taxes levied and collected by the Union but assigned to the States1[(1) Taxes on the sale or purchase of goods and taxes on the consignment of goods 2[except as provided in…
- Article 269A Levy and collection of goods and services tax in course of inter- State trade or commerce(1) Goods and services tax on supplies in the course of inter-State trade or commerce shall be levied and…
- Article 270 Taxes levied and distributed between the Union and the States(1) All taxes and duties referred to in the Union List, except the duties and taxes referred to in…
- Article 271 Surcharge on certain duties and taxes for purposes of the UnionNotwithstanding anything in articles 269 and 270, Parliament may at any time increase any of the duties or…
- Article 272 Taxes which are levied and collected by the Union and may be distributed between the Union and the StatesOmitted by amendment.
- Article 273 Grants in lieu of export duty on jute and jute products(1) There shall be charged on the Consolidated Fund of India in each year as grants-in-aid of the revenues…
- Article 274 Prior recommendation of President required to Bills affecting taxation in which States are interested(1) No Bill or amendment which imposes or varies any tax or duty in which States are interested, or which…
- Article 275 Grants from the Union to certain States(1) Such sums as Parliament may by law provide shall be charged on the Consolidated Fund of India in each…
- Article 276 Taxes on professions, trades, callings and employments(1) Notwithstanding anything in article 246, no law of the Legislature of a State relating to taxes for the…
- Article 277 SavingsAny taxes, duties, cesses or fees which, immediately before the commencement of this Constitution, were…
- Article 278 Agreement with States in Part B of the First Schedule with regard to certain financial mattersOmitted by amendment.
- Article 279 Calculation of “net proceeds”, etc(1) In the foregoing provisions of this Chapter, “net proceeds” means in relation to any tax or duty the…
- Article 279A Goods and Services Tax Council(1) The President shall, within sixty days from the date of commencement of the Constitution (One Hundred…
- Article 280 Finance Commission(1) The President shall, within two years from the commencement of this Constitution and thereafter at the…
- Article 281 Recommendations of the Finance CommissionThe President shall cause every recommendation made by the Finance Commission under the provisions of this…
- Article 282 Expenditure defrayable by the Union or a State out of its revenuesThe Union or a State may make any grants for any public purpose, notwithstanding that the purpose is not one…
- Article 283 Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts(1) The custody of the Consolidated Fund of India and the Contingency Fund of India, the payment of moneys…
- Article 284 Custody of suitors’ deposits and other moneys received by public servants and courtsAll moneys received by or deposited with (a) any officer employed in connection with the affairs of the…
- Article 285 Exemption of property of the Union from State taxation(1) The property of the Union shall, save in so far as Parliament may by law otherwise provide, be exempt…
- Article 286 Restrictions as to imposition of tax on the sale or purchase of goods(1) No law of a State shall impose, or authorise the imposition of, a tax on the supply of goods or of…
- Article 287 Exemption from taxes on electricitySave in so far as Parliament may by law otherwise provide, no law of a State shall impose, or authorise the…
- Article 288 Exemption from taxation by States in respect of water or electricity in certain cases(1) Save in so far as the President may by order otherwise provide, no law of a State in force immediately…
- Article 289 Exemption of property and income of a State from Union taxation(1) The property and income of a State shall be exempt from Union taxation. (2) Nothing in clause (1) shall…
- Article 290 Adjustment in respect of certain expenses and pensionsWhere under the provisions of this Constitution the expenses of any court or Commission, or the pension…
- Article 290A Annual payment to certain Devaswom FundsA sum of forty-six lakhs and fifty thousand rupees shall be charged on, and paid out of, the Consolidated…
- Article 291 Privy purse sums of RulersOmitted by amendment.
- Borrowings
- Article 292 Borrowing by the Government of IndiaThe executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India…
- Article 293 Borrowing by States(1) Subject to the provisions of this article, the executive power of a State extends to borrowing within…
- Property, Contracts, Rights, Liabilities, Obligations and Suits
- Article 294 Succession to property, assets, rights, liabilities and obligations in certain casesAs from the commencement of this Constitution (a) all property and assets which immediately before such…
- Article 295 Succession to property, assets, rights, liabilities and obligations in other cases(1) As from the commencement of this Constitution (a) all property and assets which immediately before such…
- Article 296 Property accruing by escheat or lapse or as bona vacantiaSubject as hereinafter provided, any property in the territory of India which, if this Constitution had not…
- Article 297 Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union(1) All lands, minerals and other things of value underlying the ocean within the territorial waters, or the…
- Article 298 Power to carry on trade, etcThe executive power of the Union and of each State shall extend to the carrying on of any trade or business…
- Article 299 Contracts(1) All contracts made in the exercise of the executive power of the Union or of a State shall be expressed…
- Article 300 Suits and proceedings(1) The Government of India may sue or be sued by the name of the Union of India and the Government of a…
- Right to Property
- Article 300A Persons not to be deprived of property save by authority of lawNo person shall be deprived of his property save by authority of law.