• The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted into law

  • No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act

  • Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation

  • No Money Bill can be introduced except on the recommendation of the President


Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation

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