Money Bill Definition in Indian Constitution

This section identifies the specific Article within the Indian Constitution that defines a 'Money Bill', essential for understanding parliamentary procedures.

Constitutional Definition: Article 110

Article 110 of the Constitution of India exclusively defines what qualifies as a Money Bill. It specifies the precise financial matters that must be the sole subject of the Bill.

Matters Covered Under Article 110

According to Article 110(1), a Bill is considered a Money Bill if it contains provisions dealing only with one or more of the following:

• The imposition, abolition, remission, or regulation of any tax.
• The regulation of the borrowing of money or the giving of any guarantee by the Government of India.
• The custody of the Consolidated Fund of India or the Contingency Fund of India.
• The appropriation of moneys out of the Consolidated Fund of India.
• The declaration of any expenditure to be charged on the Consolidated Fund of India or the increasing of the amount of any such expenditure.
• The receipt of money on account of the Consolidated Fund of India or the public account of India; the custody or issuance of such moneys; or the audit of the accounts of the Union or of a State.
• Matters incidental to any of the above.

The Speaker of the Lok Sabha is the final authority to certify if a bill is a Money Bill.

Distinction from Other Articles

Article 109 outlines the procedure for Money Bills, whereas Article 110 provides their definition.