Select the correct statements about 14th Finance Commission which submitted its report to
president.
1. It covers the period between 1 April 2015 and 31 March 2020.
2. The commission headed by former RBI Governor Y.V. Reddy.
3. Provides for devolution of tax receipts from the centre to the states.
4. Article 280 of constitution provides for appointment of Finance Commission.
5. $$1^{st}$$ and 13th Finance commission was headed by KC Neogy & Dr. Vijay kelkar respectively.