Constitutionally Established Scheme of Taxation
Article 246 of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature. Schedule VII enumerates these subject matters with the use of three lists;
- List - I entailing the areas on which only the parliament is competent to make laws,
- List - II entailing the areas on which only the state legislature can make laws, and
- List - III listing the areas on which both the Parliament and the State Legislature can make laws upon concurrently.
Separate heads of taxation are no head of taxation in the Concurrent List (Union and the States have no concurrent power of taxation). The list of thirteen Union heads of taxation and the list of nineteen State heads are given below:
Read more about this topic: Taxation In India
Famous quotes containing the words established, scheme and/or taxation:
“[When asked: “Will not woman suffrage make the black woman the political equal of the white woman and does not political equality mean social equality?”:] If it does then men by keeping both white and black women disfranchised have already established social equality!”
—Anna Howard Shaw (1847–1919)
“Your scheme must be the framework of the universe; all other schemes will soon be ruins.”
—Henry David Thoreau (1817–1862)
“Every diminution of the public burdens arising from taxation gives to individual enterprise increased power and furnishes to all the members of our happy confederacy new motives for patriotic affection and support.”
—Andrew Jackson (1767–1845)