Explanation:

Money Bill refers to a bill (draft law) initiated in the Lower Chamber of Indian Parliament (Lok Sabha) which usually covers the matters of receipt and spending of money, like tax laws, laws governing the borrowing and expenditure of the government, prevention of the black money etc. Examples of the Money bills - Finance Bills and Appropriation Bills and the Undisclosed Foreign Income & Assets (Imposition Of the Tax) Bill, 2015 etc. The term "money bill" hence, connotes specific characteristics of the proposed bill.

Under Article 110(1) of the Constitution of India, a money bill is defined as given:

1) Article 110(1), a Bill is considered to be a Money Bill if it includes only allocations dealing with any or all of the subsequent matters, namely: a) the imposition, remission, abolition, alteration/regulation of any tax; b) the regulation of the borrowing of money/the giving of any guarantee by the Government of India, or making the amendment of the law with respect to any financial obligations which is undertaken or which is to be undertaken by the Government of India; c) the charge of the Consolidated Fund or that of the Contingency Fund of India, the payment of money within or the withdrawal of money from any such fund; d) the appropriation of the money out of the Consolidated Fund of India; e) the proclaiming/declaring of any expenditure which is to be charged on the Consolidated Fund of India or of the increasing of the amount of any such expenditure; f) the money receipt on account of the Consolidated Fund of India or of the public account of India or the custody or in the issue of such money or the audit of the Union accounts or of the State; or any other matter incidental to any of the matters specified in sub-clauses from (a) to (f). 

2) A Bill is not considered to be Money Bill by reason only that it gives for the imposition of fines or some other pecuniary penalties, or for the demand/payment of fees for the licences or fees for services rendered, or by the reason that it provides for the imposition, remission, abolition, alteration/regulation of any tax by any local authority or body for the local purposes.