The Sixth Finance Commission of India was incorporated in the year 1973 consisting of Shri K. Brahmananda Reddy as the chairman.

Members

The members of the Commission were: * Shri K. Brahmananda Reddy, Chairman * Shri Justice Syed Sadat Abal Masud * Dr. B.S. Minhas * Dr. I.S. Gulati * Shri

G. Ramachandran G. Ramachandran (known by Friends and Family as "Rama") is a former president of the Singapore Indian Chamber of Commerce and Industry (SICCI). He was the President during the years 1966–1968, 1973–1974, 1982–1984, 1985–1986, and was its ...

, Member Secretary

Recommendations

* The States demanded the inclusion of corporation tax into the divisible income tax and 1005 allocation of the net proceeds to them. The commission expressed that such inclusion was constitutionally forbidden but it can be reviewed by National Development Council. * States share was increased from 75% to 80% due to the decrease in the divisible pool as the arrears of the advance tax collection had been cleared * In view of the increasing integration of the national economy and for eliminating the regional imbalances the contribution factor was kept at 10% in the distribution of share amongst the states. The distribution inter se the states should be on the basis of fixed percentages * Out of the net proceeds of the income tax, 1.79% should be allocated to the Union Territories

References

Further references

* * Finance Commission of India 1973 establishments in India {{Finance Commission of India