Shri M.C. Gupta, Member Secretary, relinquished charge on 31 January 1994
Shri Manu R. Shroff, In place of Dr. C. Rangarajan on 14 October 1993
Shri Arun Sinha, Member Secretary (in place of M.C. Gupta) on 1 March 1994
RecommendationsEdit
The commission recommended that:
The share of the Union Territories would not be determined on the grounds used for state share but it would be decided on the basis of population solely. The percentage would be 0.927% for the years 1995–2000.
Out of the total income obtained from certain central taxes and duties, 29% should go to the states. This is known as the 'Alternative Scheme of Devolution' and came into effect retrospectively from April 1, 1996.
The proceeds from the ‘penalties’ and ‘interest recovered’ under the miscellaneous receipts should be included in to the divisible income tax pool as recommended by Ninth Commission with effect from 1 April 1995.
The share of the net proceeds would be 77.5% for five years.
The commission dropped the collection factor as the criterion for distribution
The distribution of the net proceeds among states would be as follows:-
tenth, finance, commission, india, incorporated, year, 1992, consisting, shri, krishna, chandra, pant, chairman, contents, members, recommendations, references, further, referencesmembers, editthe, members, commission, were, shri, krishna, chandra, pant, chair. The Tenth Finance Commission of India was incorporated in the year 1992 consisting of Shri Krishna Chandra Pant as the chairman Contents 1 Members 2 Recommendations 3 References 3 1 Further ReferencesMembers EditThe members of the commission were 1 Shri Krishna Chandra Pant Chairman Dr Debi Prasad Pal Member of Parliament Shri B P R Vithal Dr C Rangarajan resigned on 21 December 1992 Shri M C Gupta Member Secretary relinquished charge on 31 January 1994 Shri Manu R Shroff In place of Dr C Rangarajan on 14 October 1993 Shri Arun Sinha Member Secretary in place of M C Gupta on 1 March 1994Recommendations EditThe commission recommended that The share of the Union Territories would not be determined on the grounds used for state share but it would be decided on the basis of population solely The percentage would be 0 927 for the years 1995 2000 Out of the total income obtained from certain central taxes and duties 29 should go to the states This is known as the Alternative Scheme of Devolution and came into effect retrospectively from April 1 1996 The proceeds from the penalties and interest recovered under the miscellaneous receipts should be included in to the divisible income tax pool as recommended by Ninth Commission with effect from 1 April 1995 The share of the net proceeds would be 77 5 for five years The commission dropped the collection factor as the criterion for distribution The distribution of the net proceeds among states would be as follows 20 on the basis of population of 1971 60 on basis of distance of per capita income 5 on basis of area adjusted 5 on basis of infrastructure index 10 on basis of tax effortReferences Edit Members of the previous Finance Commissions Tenth Finance Commission Fourteenth Finance Commission Retrieved 22 July 2017 Further References Edit 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 India portal This article about the law of India is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Tenth Finance Commission amp oldid 1141892241, wikipedia, wiki, book, books, library,
