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
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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