- 13-Jan-2025
- Criminal Law
(1) For the purposes of this Chapter, a Bill shall be deemed to be a Money Bill if it contains only provisions dealing with all or any of the following matters, namely:
(f) the receipt of money on account of the Consolidated Fund of India or the public account of India or the custody or issue of such money or the audit of the accounts of the Union or of a State; or
(g) any matter incidental to any of the matters specified in subclauses (a) to (f).
(2) A Bill shall not be deemed to be a Money Bill by reason only that it provides for the imposition of fines or other pecuniary penalties, or for the demand or payment of fees for licences or fees for services rendered, or by reason that it provides for the imposition, abolition, remission, alteration or regulation of any tax by any local authority or body for local purposes.
(3) If any question arises whether a Bill is a Money Bill or not, the decision of the Speaker of the House of the People thereon shall be final.
(4) There shall be endorsed on every Money Bill when it is transmitted to the Council of States under article 109, and when it is presented to the President for assent under article 111, the certificate of the Speaker of the House of the People signed by him that it is a Money Bill.
Article 110 defines what constitutes a Money Bill. It specifies the categories of provisions that make a Bill a Money Bill, including matters related to taxes, borrowing money, managing government funds, and the appropriation of money from the Consolidated Fund of India.
A Money Bill includes provisions related to taxes, borrowing by the government, managing the Consolidated Fund of India, and appropriation of money from the Fund, among other financial matters.
A Money Bill has a special procedure in Parliament. It can only be introduced in the House of the People and must be passed within a set period. The Council of States can only suggest amendments, but it cannot reject the Bill.
When the government introduces a Bill that seeks to impose a new tax, regulate government borrowing, or appropriate money for specific projects, this Bill will be considered a Money Bill under Article 110, and will follow the specific legislative process for such Bills.
Article 110 defines the specific financial matters that a Bill must address for it to be classified as a Money Bill. These include taxes, borrowing, management of government funds, and expenditure decisions related to the Consolidated Fund of India.
Answer By Law4u TeamDiscover clear and detailed answers to common questions about The Constitution of India. Learn about procedures and more in straightforward language.