Part XII — Finance, Property, Contracts and Suits

Constitution of India · Articles 264–300A

• Chapter I.—Finance
• General
• 264Interpretation.
• 265Taxes not to be imposed save by authority of law.
• 266Consolidated Funds and public accounts of India and of the States.
• 267Contingency Fund.
• Distribution of Revenues between the Union and the States
• 268Duties levied by the Union but collected and appropriated by the States.
• 268AService tax levied by Union and collected and appropriated by the Union and the States. [Omitted or repealed]
• 269Taxes levied and collected by the Union but assigned to the States.
• 269ALevy and collection of goods and services tax in course of inter-State trade or commerce.
• 270Taxes levied and distributed between the Union and the States.
• 271Surcharge on certain duties and taxes for purposes of the Union.
• 272Taxes which are levied and collected by the Union and may be distributed between the Union and the States. [Omitted or repealed]
• 273Grants in lieu of export duty on jute and jute products.
• 274Prior recommendation of President required to Bills affecting taxation in which States are interested.
• 275Grants from the Union to certain States.
• 276Taxes on professions, trades, callings and employments.
• 277Savings.
• 278Agreement with States in Part B of the First Schedule with regard to certain financial matters. [Omitted or repealed]
• 279Calculation of “net proceeds”, etc.
• 279AGoods and Services Tax Council.
• 280Finance Commission.
• 281Recommendations of the Finance Commission.
• Miscellaneous Financial Provisions
• 282Expenditure defrayable by the Union or a State out of its revenues.
• 283Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts.
• 284Custody of suitors' deposits and other moneys received by public servants and courts.
• 285Exemption of property of the Union from State taxation.
• 286Restrictions as to imposition of tax on the sale or purchase of goods.
• 287Exemption from taxes on electricity.
• 288Exemption from taxation by States in respect of water or electricity in certain cases.
• 289Exemption of property and income of a State from Union taxation.
• 290Adjustment in respect of certain expenses and pensions.
• 290AAnnual payment to certain Devaswom Funds.
• 291Privy purse sums of Rulers [Omitted or repealed]
• Chapter II.—Borrowing
• 292Borrowing by the Government of India.
• 293Borrowing by States.
• Chapter III.—Property, Contracts, Rights, Liabilities, Obligations and Suits
• 294Succession to property, assets, rights, liabilities and obligations in certain cases.
• 295Succession to property, assets, rights, liabilities and obligations in other cases.
• 296Property accruing by escheat or lapse or as bona vacantia.
• 297Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union.
• 298Power to carry on trade, etc.
• 299Contracts.
• 300Suits and proceedings.
• Chapter IV.—Right to Property
• 300APersons not to be deprived of property save by authority of law.

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