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Which Article mandates that net proceeds of taxes levied and collected by Union but assigned to States shall not form part of Consolidated Fund of India?
- Article 268
- Article 269
- Article 270
- Article 271
Answer: Article 269
Article 269: Taxes levied/collected by Union but assigned to States (e.g., estate duty on non-agricultural property, terminal taxes on goods/passengers) do not form part of Consolidated Fund of India. Article 270 covers taxes levied/collected by Union and distributed between Union and States (e.g., income tax). Article 268 covers duties levied by Union but collected/appropriated by States (e.g., stamp duties).