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Answer

Correct Option is None of the above

Articles 268 to 293 in Part XII of the Constitution deal with Centre-state financial relations To protect the interest of states in the financial matters, the Constitution lays down that, the following bills can be introduced in the Parliament only on the recommendation of the President 1.A bill which imposes or varies any tax or duty in which states are interested 2.A bill which varies the meaning of the expression ‘agricultural income’ as defined for the purposes of the enactments relating to Indian income tax 3.A bill which affects principles on which money are or may be distributable to states 4.A bill which imposes any surcharge on any specified tax or duty for the purpose of the Centre Hence No statement is incorrect.

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