All
Please advise on the following
1..what is difference between finance act and finance bill
2..When finance bill become finance act
thanks
Aslam
The Finance Bill is introduced each year to give effect to the financial proposals of the provincial/federal Government for the next financial year, and includes a Bill to give effect to Supplementary financial proposals for any period and to amend certain laws.
When Finance bill is approved , after modification, rectification, alteration, emendation and amelioration, then the same become Finance act.
Best Regards,
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