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Finance Bill VS. Finance Act

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(Querist)
20 March 2010 While of course some budget changes have immediate effect, does anyone know when the Finance Bill can be Finance Act?
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Amit Bajaj

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Amit Bajaj (Expert)
20 March 2010 Finance bill becomes the Finance Act when it receives the assent of the President of India after it is passed by both the houses of Parliament.Infact every bill becomes an Act by this way.
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Dhiraj Manandhar

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Dhiraj Manandhar (Querist)
21 March 2010 When Finance Bill will get ascent and become an Act?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 March 2010 after passing both the house of parliment and approval of president of India

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