The 15th finance commission's terms of reference will have to be addressed, which implies that a review of the tax devolution formula will be undertaken, says chairman N. K. Singh
2 min read1 Mar 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared