• (A) The Appropriation Bill must be passed by both the Houses of Parliament before it can be enacted into law
• (B) No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act
• (C) Finance Bill is required for proposing new taxes but no another Bill/Act is required for making changes in the rates of taxes which are already under operation
• (D) No Money Bill can be introduced except on the recommendation of the President