DRAFT CONSTITUTION 999
reserved for the consideration of the President, received his assent; and if any such law provides for the fixation of the rates and other incidents of such tax by means of rules or orders to be made under the law by any authority, the law shall provide for the previous consent of the President being obtained to the making of any such rule or order.”
[New Article 265-A was added to the Constitution.]
ARTICLE 266
*The Honourable Dr. B. R. Ambedkar : Sir, I move:
“That for article 266 the following article be substituted :—
‘266. (1) The property and income of a State shall be exempt from Union Taxation.
(2) Nothing in clause (1) of this article shall prevent the Union from imposing or authorising the imposition of any tax to Exemption of the such extent, if any, as Parliament may by Government of States in law provide in respect of a trade or business respect of Union Taxation. of any kind carried on by, or on behalf of, the Government of a State, or any operations connected therewith, or any property used or occupied for the purposes thereof, or any income occuring or arising therefrom.
(3) Nothing in clause (2) of this article shall apply to any trade or business, or to any class of trade or business, which Parliament, may, by law declare as being incidental to the ordinary functions of government’.”
S EVENTH S CHEDULE
ARTICLE 250— (contd.)
†The Honourable Dr. B. R. Ambedkar : Sir, I move :
“That after entry 88 in List I of the Seventh Schedule, the following entry be inserted :—
‘88.A. Taxes on the sale or purchase of newspapers and on advertisements published therein’.”
I also move:
“That for entry 58 of List II of the Seventh Schedule, the following entries be substituted :—
‘58. Taxes on the sale or purchase of goods other than newspapers.
58-A. Taxes on advertisements other than advertisements published in newspapers.’ ”
Sir, with your permission I shall move the other amendment—No.
374—to article 250 also as it is really part of this.
I move:
“That in clause (1) of article 250, after sub-clause (d), the following sub-clauses be added:—
“ (e) taxes other than stamp duties on transactions in stock-exchanges and futures market;
(f) taxes on the sale or purchase of newspapers and on advertisements published therein.’ ”
*CAD, Vol. IX, 9th September 1949, p. 1161.
† Ibid., pp. 1172-1173.