A Money Bill, therefore, should only contain provisions that deal with taxes and the Consolidated Fund of India. Introducing amendments to the existing legislation is a very new practice. The Miscellaneous Chapter of the Finance Bill usually contains the following amendments.
However, such changes are not always accepted by the parliament and the government may be forced to withdraw the bill. In , there was a significant uproar in the parliament concerning amendments that were proposed in the finance bill.
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The opposition demanded that it be withdrawn. The Speaker of the house then, clarified that the primary object of a Finance Bill is to give effect to the financial proposals of the Government. The Rule does not rule out the possibility of inclusion of non-taxation proposals; therefore, a Finance Bill may contain non-taxation proposals also.
However, including non-taxation proposal is not a common practice of Lok Sabha and should only be included if absolutely necessary. Whether a finance bill can have non-tax proposals is a question which the parliament faces time and again. However, whether such a Finance bill is unconstitutional or not is something the Supreme Courts will have to decide, if moved for clarity. ClearTax Chronicles.
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School Board. Current Affairs. Mock Tests. Election Results What is the difference between Ordinary Bill and Money Bill? Article of the Indian constitution deals with the definition of money bill.
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It can be introduced either by a minister or by a private member. It can be introduced only of the recommendation of the president. It can be detained by the Rajya Sabha for a maximum of 14 days only.