BharatSanvidhan

Constitutional overview

Part XII — Finance, Property, Contracts and Suits

Governs public finance, taxation, borrowing, government property, contracts and litigation.

Key ideas

Distribution of revenue
Finance Commission
Right to property

Articles on this desk

Art. 264 · Interpretation Art. 265 · Taxes not to be imposed save by authority of law Art. 266 · Consolidated Funds and public accounts of India and of the States Art. 267 · Contingency Fund Art. 268 · Duties levied by the Union but collected and appropriated by the States Art. 269 · Taxes levied and collected by the Union but assigned to the States Art. 269A · Levy and collection of goods and services tax in course of inter-State trade or commerce Art. 270 · Taxes levied and distributed between the Union and the States Art. 271 · Surcharge on certain duties and taxes for purposes of the Union Art. 273 · Grants in lieu of export duty on jute and jute products Art. 274 · Prior recommendation of President required to Bills affecting taxation in which States are interested Art. 275 · Grants from the Union to certain States Art. 276 · Taxes on professions, trades, callings and employments Art. 277 · Savings Art. 279 · Calculation of “net proceeds”, etc Art. 279A · Goods and Services Tax Council Art. 280 · Finance Commission Art. 281 · Recommendations of the Finance Commission Art. 282 · Expenditure defrayable by the Union or a State out of its revenues Art. 283 · Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts Art. 284 · Custody of suitors' deposits and other moneys received by public servants and courts Art. 285 · Exemption of property of the Union from State taxation Art. 286 · Restrictions as to imposition of tax on the sale or purchase of goods Art. 287 · Exemption from taxes on electricity Art. 288 · Exemption from taxation by States in respect of water or electricity in certain cases Art. 289 · Exemption of property and income of a State from Union taxation Art. 290 · Adjustment in respect of certain expenses and pensions Art. 290A · Annual payment to certain Devaswom Funds Art. 292 · Borrowing by the Government of India Art. 293 · Borrowing by States Art. 294 · Succession to property, assets, rights, liabilities and obligations in certain cases Art. 295 · Succession to property, assets, rights, liabilities and obligations in other cases Art. 296 · Property accruing by escheat or lapse or as bona vacantia Art. 297 · Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union Art. 298 · Power to carry on trade, etc Art. 299 · Contracts Art. 300 · Suits and proceedings Art. 300A · Persons not to be deprived of property save by authority of law

Open Article 264 on the desk