UPPSC 2014 General Studies I Solved Paper

(b) Article 268 to 293 in Part XII of the Indian Constitution deals with the financial relations. The financial relations between the Union and the Sates can be discussed under the following heads - Taxes and duties levied by the Union, but collected and appropriated by the States, Taxes levied and collected by the Union, but assigned to the states within which they are leviable.