Which of the following institutions of India is the chief advisory body on the distribution of tax revenue between the Centre and the States?
- AThe Planning Commission
- BThe Finance Commission
- CThe Lok Sabha
- DThe Rajya Sabha
Solution & Step-by-step Explanation
Under Article 280 of the Constitution of India, the Finance Commission is established by the President every five years as a constitutional body. Its primary duty is to recommend the distribution of financial and tax revenues between the Union government and the State governments.