Finance Bill and Finance Act

[AslamK]

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

[faisal_desperado]

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,

[aliali]

please differtiate b/w circular,SRO,notification?

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