6:18 AM
Basis
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Finance Bill
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Finance Act
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Meaning
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Finance Bill is the set of proposal of various sectors.
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Finance Act is the modification or implementation of
finance Bill
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Convert
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Finance Bill is convert into Finance Act
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Finance Act can not convert into Finance Bill
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Process
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It includes making estimation on expenditure and give a
proposal
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It includes some modification and changes in finance bill
for the betterment of the public and for a particular sector.
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Examples
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Proposal relating to developed small scale industries in a
traditional way
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Taxation of chargeable Gains Act 1992
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