Which of the following is not true about vote on account lsquo ........

Indian Economy (Easy) Budgeting and Fiscal policy

Which of the following is not true about vote-on-account‘?

the parliament for essential spending for a limited period, the first four months of the fiscal year in which the elections are scheduled

It does not allow the Government to set for the economic policies of the new plan which starts from April1

It prevents the Government from imposing fresh taxes or withdrawing old one

This allows the Government to withdraw the amount for a period only with the consent of parliament

Option D is incorrect.

The Interim Budget is also known as a vote-on-account or approval, which the government seeks from the parliament for essential spending for a limited period, the first four months of the fiscal year in which the elections are scheduled. The full-fledged budget is then presented by the new government.Essentially, vote on account is the interim permission of the parliament to the government to spend money.
Vote on account is a formality and requires no debate.
A vote-on-account cannot alter direct taxes since they need to be passed through a finance bill. Under the regular Budget, fresh taxes may be imposed and old ones may go.
A vote on account allows the Government to withdraw an amount for a period without the consent of Parliament.
Vote on account is the permission to withdraw money from the Consolidated Fund of India in that period, usually two months.