Article Defining Money Bill in Indian Constitution

A Money Bill is a specific type of financial legislation in India that deals primarily with the raising and spending of government money. It has special legislative procedures compared to ordinary bills.

Constitutional Provision for Money Bill

The definition and specific provisions related to a Money Bill are outlined in the Constitution of India. According to the constitution:

• Article 110 specifically defines what constitutes a Money Bill. It lists the criteria that a bill must meet to be classified as a Money Bill. These typically include clauses dealing with the imposition, repeal, remission, alteration, or regulation of any tax; the regulation of the borrowing of money 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; or the declaring of any expenditure to be expenditure charged on the Consolidated Fund of India.

Analysis of Other Articles

It is helpful to understand why other articles mentioned in the options are not the correct answer:

• Article 111 deals with the procedure of assent to Bills by the President after they have been passed by both Houses of Parliament. It does not define a Money Bill.
• Article 112 deals with the 'Annual Financial Statement', commonly known as the Budget. While related to government finance, it is distinct from the definition of a Money Bill itself.

Therefore, the specific Article that defines a Money Bill is Article 110.