The definition of a Money Bill is given in:

Article 110 defines a Money Bill. A bill is a Money Bill if it contains only provisions dealing with all or any of the matters listed in Article 110(1).

Matters listed in Article 110(1):

• The imposition, abolition, remission, alteration or regulation of any tax.
• The regulation of the borrowing of money or the giving of any guarantee by the Government of India.
• The custody of the Consolidated Fund or the Contingency Fund of India, and payment of money into or withdrawal of money from these funds.
• The appropriation of money out of the Consolidated Fund of India.
• Declaring any expenditure to be charged on the Consolidated Fund of India, or increasing such expenditure.
• The receipt of money on account of the Consolidated Fund or the public account of India, or the custody or issue of such money, or the audit of the accounts of the Union or a state.
• Any matter incidental to the above.

What is not a Money Bill:

• A bill is not a Money Bill only because it provides for fines or penalties, fees for licences or services, or taxes imposed by local bodies for local purposes.
• A bill that contains these money matters along with other matters is dealt with under a different procedure.

Who decides:

If any question arises whether a bill is a Money Bill, the decision of the Speaker of the Lok Sabha is final.

Special procedure:

• A Money Bill can be introduced only in the Lok Sabha and only on the recommendation of the President.
• The Rajya Sabha can only make recommendations on it.

Why not the other options?

• ✗Article 107 deals with the introduction and passing of bills in general.
• ✗Article 112 deals with the annual financial statement.
• ✗Article 265 says that no tax can be levied except by authority of law.