Article 110 defines a Money Bill as a bill which contains only provisions regarding taxes, borrowings, custody of the Consolidated and Contingency Funds, appropriation, declaring of any expenditure as charged on the Consolidated Fund, receipt and custody of money on the Consolidated Fund audit of the accounts of their union (or of a state) or any other incidental matters.
The following is the procedure for the passing of Money Bills in Parliament:
A Money Bill can be introduced only in the Lok Sabha and only on the recommendation of the President. After it is passed by the Lok Sabha and transmitted to Rajya Sabha, the latter may make its recommendations if any, within a period of 14 days and the Lok Sabha may accept or reject all or any of the recommendation.
The Bill is deemed to be passed by both the Houses with the amendments accepted by Lok Sabha. If no amendment recommended by Rajya Sabha is acceptable to Lok Sabha or if the Bill is not returned by the Rajya Sabha within 14 days, it is deemed to have been passed by both the Houses in the form in which it was passed by the Lok Sabha (Article 109).