Select the correct statements about the 14th Finance Commission which submitted its report to the President. 1. It covers the period between 1 April 2015 and 31 March 2020. 2. The commission was 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 the Constitution provides for appointment of the Finance Commission. 5. The 1st and 13th Finance Commissions were headed by K.C. Neogy & Dr. Vijay Kelkar respectively.