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Difference between finance bill and finance act

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Guest

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Guest (Querist)
28 July 2015 Dear Expert, Plz help me in knowing the difference between BILL and Act. Thanking you
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
28 July 2015 a Bill becomes an Act once it is passed by Legislative bodies and then receive President/governor's assent, becomes an Act

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