Which of the following deal with the residuary power of taxation in India?
- Article 248
- Seventh Schedule
- Eighth Schedule
Select the correct option from the codes given below:
Article 248 and Entry 97 of the Union List of Constitution of India assign the residuary powers of legislation exclusively to the union If no entry in any of the three lists covers a piece of legislation , it must be regarded as a matter not enumerated in any of the three lists, and belonging exclusively to parliament under entry 97, list I by virtue of Art. 248. In other words, the scope and extent of Article 248 is identified with that of entry 97, list I.
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