Part XII of the Constitution of India

Part XII of constitution of India is a compilation of laws pertaining to Finance, Property, Contracts and Suits for Republic of India.

Chapter I - Finance
Articles 264 - 291 on Finance (Articles 264 - 267 - General; Articles 268 - 281 - Distribution of Revenues between the Union and the States; Articles 282 - 291 - Miscellaneous Financial Provisions )


 * A-264. Interpretation.
 * A-265. Taxes not to be imposed save to be by authority of law.
 * A-266. Consolidated Funds and public accounts of India and of the States.
 * A-267. Contingency Fund.
 * A-268. Duties levied by the Union but collected and appropriated by the States.
 * A-268A . Omitted.
 * A-269. Taxes levied and collected by the Union but assigned to the States.
 * A-269A . Levy and collection of goods and services tax in course of inter-State trade or commerce
 * A-270. Taxes levied and distributed between the Union and the States
 * A-271. Surcharge on certain duties and taxes for purposes of the Union.
 * A-272 - Omitted.
 * A-273. Grants in lieu of export duty on jute and jute products.
 * A-274. Prior recommendation of President required to Bills affecting taxation in which States are interested.
 * A-275. Grants from the Union to certain States.
 * A-276. Taxes on professions, trades, callings and employments.
 * A-277. Savings.
 * A-278 - Omitted.
 * A-279 - Calculation of “net proceeds”, etc.
 * A-279A. Goods and Services Tax Council.
 * A-280. Finance Commission.
 * A-281. Recommendations of the Finance Commission.
 * A-282. Expenditure defrayable by the Union or a State out of its revenues.
 * A-283. Custody, etc., of Consolidated Funds, Contingency Funds and moneys credited to the public accounts
 * A-284. Custody of suitors’ deposits and other moneys received by public servants and courts.
 * A-285. Exemption of property of the Union from State taxation.
 * A-286. Restrictions as to imposition of tax on the sale or purchase of goods.
 * A-287. Exemption from taxes on electricity.
 * A-288. Exemption from taxation by States in respect of water or electricity in certain cases.
 * A-289. Exemption of property and income of a State from Union taxation.
 * A-290. Adjustment in respect of certain expenses and pensions.
 * A-290A.. Annual payment to certain Devaswom Funds.
 * A-291. Omitted.

Chapter II - Borrowing
Articles 292 - 293


 * A-292. Borrowing by the Government of India.
 * A-293. Borrowing by States.

Chapter III - Property, Contracts, Rights, Liabilities, Obligations and Suits
Articles 294 - 300


 * A-294. Succession to property, assets, rights, liabilities and obligations in certain cases.
 * A-295. Succession to property, assets, rights, liabilities and obligations in other cases.
 * A-296. Property accruing by escheat or lapse or as bona vacantia.
 * A-297. Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union.
 * A-298. Power to carry on trade, etc.
 * A-299. Contracts.
 * A-300. Suits and proceedings.

Chapter IV - Right to Property
Article 300A


 * A-300A. Persons not to be deprived of property save by authority of law.