https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Sixth_Finance_CommissionSixth Finance Commission - Revision history2026-11-15T14:20:52ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Sixth_Finance_Commission&diff=266026&oldid=prev->Gab4gab: /* Further References */ sentence case heading2021-10-01T21:54:36Z<p><span class="autocomment">Further References: </span> sentence case heading</p>
<p><b>New page</b></p><div>{{short description|Government agency}}<br />
{{Use dmy dates|date=September 2019}}<br />
{{Use Indian English|date=September 2019}}<br />
The '''Sixth Finance Commission''' of India was incorporated in the year 1973 consisting of Shri [[K. Brahmananda Reddy]] as the chairman.<br />
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==Members==<br />
The members of the Commission were:<ref>{{cite web |url=http://fincomindia.nic.in/ShowContent.aspx?uid1=3&uid2=0&uid3=0&uid4=0&uid5=0&uid6=0&uid7=0 |title=Members of the previous Finance Commissions:Sixth Finance Commission |author=Fourteenth Finance Commission |access-date=2017-07-22}}</ref><br />
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* Shri [[K. Brahmananda Reddy]], Chair<br />
* Shri Justice [[Syed Sadat Abal Masud]]<br />
* Dr. [[B.S. Minhas]]<br />
* Dr. [[I.S. Gulati]]<br />
* Shri [[G. Ramachandran]], Member Secretary<br />
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==Recommendations==<br />
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* The [[State governments of India|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 (India)|National Development Council]].<br />
* 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<br />
* 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<br />
* Out of the net proceeds of the income tax, 1.79% should be allocated to the [[Union Territory|Union Territories]]<br />
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== References ==<br />
{{Reflist}}<br />
=== Further references ===<br />
* {{cite book |title=Centre State Financial Relations in India and Finance Commission |author=Sansar Singh Janjua |isbn=8126102233 |location=New Delhi, India |publisher=Anmol Publications |date=1999}}<br />
* {{cite web |url=http://fincomindia.nic.in |title=Finance Commission India |publisher=Fourteenth Finance Commission |location=New Delhi, India |access-date=2017-07-22}}<br />
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<!--- Categories ---><br />
[[Category:Finance Commission of India]]<br />
[[Category:1973 establishments in India]]<br />
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{{Ministry of Finance (India)}}<br />
{{Finance Commission of India}}</div>->Gab4gab