Palaskhed is a large but usimportant village in Candur tahsil situated beside the bank of the Khokad nulla which is the primary source of water-supply. A bandhara has recently been constructed on it. It has 517 houses and 2,239 inhabitants as Per the Census of 1961. The village site is on a higher level and the ground around is rocky. Palaskhed has a scnool, a cavdi and a mosque situated near the nulla.