Constitution Section 109 — Special procedure in respect of Money Bills
Part V — THE UNION — Legislative Procedure
Constitutional
Summary
A Money Bill can only be introduced in the House of the People, not in the Council of States. After the House of the People passes it, the Bill is sent to the Council of States, which has fourteen days to give its recommendations. The House of the People can then choose to accept or reject any or all of those recommendations. If the House of the People accepts any recommendations, the Bill is considered passed by both Houses with those changes; if it rejects them, the Bill is considered passed in its original form. If the Council of States does not return the Bill within fourteen days, it is automatically considered passed by both Houses in the form approved by the House of the People.
Official Text
(1) A Money Bill shall not be introduced in the Council of States.
(2) After a Money Bill has been passed by the House of the People it shall be transmitted to the Council of States for its recommendations and the Council of States shall within a period of fourteen days from the date of its receipt of the Bill return the Bill to the House of the People with its recommendations and the House of the People may thereupon either accept or reject all or any of the recommendations of the Council of States.
(3) If the House of the People accepts any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by both Houses with the amendments recommended by the Council of States and accepted by the House of the People.
(4) If the House of the People does not accept any of the recommendations of the Council of States, the Money Bill shall be deemed to have been passed by both Houses in the form in which it was passed by the House of the People without any of the amendments recommended by the Council of States.
(5) If a Money Bill passed by the House of the People and transmitted to the Council of States for its recommendations is not returned to the House of the People within the said period of fourteen days, it shall be deemed to have been passed by both Houses at the expiration of the said period in the form in which it was passed by the House of the People.