Question

What is the difference between money bill and finance bill?

Answer 1

Answer:

A money bill is more like a government bill, while a finance bill is a form of the ordinary bill. A money bill can be introduced in Lok Sabha only.

Answer 2

A bill deemed to be money bill if it contains “only provisions dealing with imposition, abolition, remission, alteration or regulation of any tax”. An Ordinary Bill can be introduced in any of the Houses of Parliament while money bill can only be introduced in the Lok Sabha