The was presented by Nirmala Sitharaman on 1 February 2022 proposing various changes in the provisio...........

General Studies (MTS) Indian Economy

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The ____________ was presented by Nirmala Sitharaman on 1 February 2022, proposing various changes in the provisions of

Income Tax Act, 1961 (the Act).

This questions was previously asked in

SSC MTS 25th July 2022 Shift-3

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Appropriation Bill

Finance Bill

Mediation Bill

Indian Antarctic Bill

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Explanation:

- The Appropriation Bill: This bill is related to the appropriation of funds from the Consolidated Fund of India, allowing the government to allocate funds for different expenses during a financial year.

- The Finance Bill: This bill is presented annually as part of the Union Budget. It proposes changes in tax laws, including amendments to the Income Tax Act, 1961. It is a key component of the budget process.

- The Mediation Bill: This is unrelated to taxes and deals with the legal framework for mediation in dispute resolution processes.

- The Indian Antarctic Bill: This is associated with regulating activities in Antarctica, ensuring protection and scientific exploration.