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Question : The ___________was presented by Nirmala Sitharaman on 1 February 2022, proposing various changes in the provisions of the Income Tax Act, 1961 (the Act).

Option 1: Appropriation Bill

Option 2: Finance Bill

Option 3: Mediation Bill

Option 4: Indian Antarctic Bill


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Finance Bill


Solution : The correct answer is the Finance Bill.

The Finance Bill was presented by Nirmala Sitharaman proposing various changes in the provisions of the Income Tax Act of 1961.

The Finance Bill forms a part of the Union Budget with details about all the legal amendments required for the changes in taxation proposed by the Finance Minister of the country.

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