Money Bills Article 110 – Indian Polity UPSC Notes | Target IAS Kannada
A bill is considered a Money Bill if it contains provisions dealing solely with the following:1.Taxes: Imposition, abolition, remission, alteration, o
Money Bills (Article 110 of the Constitution):
A bill is considered a Money Bill if it contains provisions dealing solely with the following: Taxes: Imposition, abolition, remission, alteration, or regulation of any tax. Borrowing: Regulation of borrowing by the Union government. Funds: Custody, payment, and withdrawal of money from the Consolidated Fund of India or the Contingency Fund of India. Appropriation: Allocation of money from the Consolidated Fund of India. Expenditure: Declaration or increase of expenditure charged on the Consolidated Fund of India. Receipts: Handling of money in the Consolidated Fund or Public Account of India, or audit of accounts. Incidental Matters: Any matter related to the above. Key Features of Money Bills: Not Deemed as Money Bill: A bill is not considered a Money Bill solely for provisions related to: Imposing fines or penalties. Fees for licenses or services. Taxation by local authorities for local purposes. Speaker's Authority: The Speaker of the Lok Sabha…