Sixth Finance Commission

The Sixth Finance Commission of India was incorporated in the year 1973 consisting of Shri K. Brahmananda Reddy as the chairman.

Members

The members of the Commission were:[1]

The States demanded the inclusion of corporation tax into the divisible income tax and 1005 allocation of the net proceeds to them. The commission expressed that such inclusion was constitutionally forbidden but it can be reviewed by National Development Council.
States share was increased from 75% to 80% due to the decrease in the divisible pool as the arrears of the advance tax collection had been cleared
In view of the increasing integration of the national economy and for eliminating the regional imbalances the contribution factor was kept at 10% in the distribution of share amongst the states. The distribution inter se the states should be on the basis of fixed percentages
Out of the net proceeds of the income tax, 1.79% should be allocated to the Union Territories

gollark: Indeed.

gollark: I think it's x86 at least.

gollark: I'm sure nobody will mind inline machine code.

gollark: This meant I was one of the few people to guess lyricly.

gollark: I did most of mine via RNG because I had little idea of who was actually right except in a few cases (most of which were wrong).

Sansar Singh Janjua (1999). Centre State Financial Relations in India and Finance Commission. New Delhi, India: Anmol Publications. ISBN 8126102233.
"Finance Commission India". New Delhi, India: Fourteenth Finance Commission. Retrieved 22 July 2017.

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