Difference between un and fb

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59 Points Posted on 07 February 2022
what is the difference between union budget and finance bill
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On 07 February 2022 at 00:21 Report
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Quick Summary
The Union Budget and the Finance Bill are closely related but distinct. The Finance Bill essentially acts as a replica of the Union Budget, containing proposed amendments. Once these amendments are approved by Parliament and receive presidential assent, the Finance Bill transforms into the Finance Act, becoming official legislation.

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Profession
28271 Points Posted on 07 February 2022
Union budget and finance bill
Finance bill is a replica of the union budget.
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On 07 February 2022 at 06:48
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CFO- at NHTF
58280 Points Posted on 07 February 2022
Budget amendments will be proposed through Finance Bill & once it is approved then it will become Finance Act
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On 07 February 2022 at 06:55
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Profession
28271 Points Posted on 07 February 2022
Budget amendments after passing in the parliament will go for presidents nod and then it will be an act.
Without the presidents nod nothing is acceptable.
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On 07 February 2022 at 09:21
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59 Points Posted on 07 February 2022
Thank you sir for giving ur precious time.
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On 07 February 2022 at 16:44

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