The ____________ was presented by Nirmala Sitharaman on 1 February 2022, proposing various changes in the provisions of Income Tax Act, 1961 (the Act).
Answer & explanation
Correct answer: option 2
The correct answer is Option 2 - Finance Bill
The Finance Bill is the annual bill introduced by the Finance Minister (in this case, Nirmala Sitharaman) in the Lok Sabha to give effect to the financial proposals of the government for the following financial year. It typically proposes changes to various tax laws, including the Income Tax Act.
Appropriation Bill deals with approving the government's spending plans.
Mediation Bill and Indian Antarctic Bill are unrelated to taxation.