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Commission Reports. Report of Third Finance Commission.
The Third Finance Commission of India was appointed in 1960, for the period 1960–64, by the President of India and was chaired by Shri A.K. Chanda .
Aug 14, 2021 · Third Finance Commission. The Third Finance Commission was set up in December 1960. Important recommendations of this commission: Of the net proceeds of income tax, 662/3percent should be distributed among the states.
Similarly, the Fourteenth Finance Commission was constituted five years and two months after the Thirteenth Finance Commission. The Advance Cell of the 16th FC was formed in Ministry of Finance on 21.11.2022, to oversee preliminary work, pending formal constitution of the Commission.
Report of the Third Finance Commission 1961. Report of the Second Finance Commission 1957. ...
The Finance Commission is a constitutional body for the purpose of allocation of certain revenue resources between the Union and the State Governments. It was established under Article 280 of the Indian Constitution by the Indian President. It was created to define the financial relations between the Centre and the states. It was formed in 1951.
Contact Us. Action Taken Report. Summary of Recommendations. For further details please contact: The Chairman, State Finance Commission, Raja Muthiah Centre, 19-A, Rukmini Lakshmipathy Salai, Egmore, Chennai - 600 008 Email- tsfc [at]tn [dot]nic [dot]in.
