The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to
Options:
A . 40%
B . 35%
C . 42%
D . 45%
Answer: Option C Answer: (c) In the largest ever change in the percentage of devolution, the 14thFinance Commission (FFC) recommended that the States’ share in the net proceeds of the Union tax revenues by 42%. The recommendation of tax devolution at 42% is a huge jump from the 32% recommended by the 13thFinance Commission.
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