Money Bill is a bill which deals with income, expenditure, money, accounts and checks etc. of the Union.
Bills related to taxation, deduction, increase or amendment etc.
By putting debt or financial burden on the Indian government
By securing or withdrawing the accumulated or contingent fund of India
By accepting the burden of any expenditure on the Consolidated Fund of India or accepting any expenditure out of it Depositing or spending money in government account, checking it, etc.
The Finance Bill is also a Money Bill. Under Article 110 (1) (a) of the Constitution, when the government has made a provision in the budget to impose a new tax, eliminate the old tax or make any change in the existing tax, it is in the form of a financial bill because A financial bill is a money is a bill (money bill), so Sir is introduced in the Lok Sabha with the President's recommendation under Article 117 (1) of the Constitution.
A Money Bill may only be introduced in Lok Sabha, on the recommendation of the President. It must be passed in Lok Sabha by a simple majority of all members present and voting. Following this, it may be sent to the Rajya Sabha for its recommendations, which Lok Sabha may reject if it chooses to. If such recommendations are not given within 14 days, it will deemed to be passed by Parliament.
