How does a money bill become an act?

A money bill is a particular type of financial bill that, broadly, deals either with taxation, the financial obligations of the government, or the Consolidated Fund of India. The legislative process involved is very similar to that of ordinary bills — the differences give the Lok Sabha more authority, help avoid deadlocks, and minimize delays. For instance, such a bill can only be introduced in the Lok Sabha, and if the Rajya Sabha takes more than 14 days to decide upon it, it is deemed to have been passed by both houses.

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General discussion on the Bill and its underlying principle Member-in-charge asks Presiding Officer permission for publishing the Bill in the Official Gazette? Member-in-charge introduces features of the Bill to the House Bill is introduced in the Lok Sabha . YES NO NO YES SECOND READING FIRST READING THIRD READING Clause-by-clause consideration Amendment moved? Amendment withdrawn? 2/3 majority of those present and voting agrees? All clauses reviewed? Are the Schedules if any, first clause, the Enacting Formula and the Long Title of the Bill adopted by the House? SECOND READING NO YES YES NO Does the House have recommendationsto the BIll? NO YES Public opinion obtained from States and Union Territories Clause-by-clause consideration by the Select/Joint Committee Amendments moved by committee members Send to the Second Stage? Send directly to Select/Joint Committee? FIRST STAGE SECOND STAGE YES YES YES YES YES NO NO NO NO NO Amendment put to vote Bill amended Simple majority of those present and voting agree? Is the vote a tie? Presiding Officer casts their vote Votes in favour of the bill? YES NO Bill not passed Pocket Veto Member-in-charge moves the bill to be passed Restriced debate: Arguments made in favour of and against; Only formal, verbal or consequential amendments can be moved. Bill put to vote Lok Sabha agrees with recommendations? NO YES Sent back to the Lok Sabha President approves the bill? YES Bill passed NO The President withholds assent THIRD READING House grants leave? Permission granted? YES NO NO NO YES YES Bill is published in the Official Gazette NO Question is put to vote in the House House votes in favour? YES Bill not introduced NO Bill already published in Offical Gazette? NO Bill is published in the Official Gazette YES Lok Sabha Rajya Sabha In the Rajya Sabha, the bill goes through the same process, except the first reading, in which the Bill was introduced. Once a Money Bill is received, the Rajya Sabha must decide upon it in 14 days, failing which the bill is deemed to have been passed by both houses. A Money Bill is drafted for proposal in the Parliament Did the President give prior recommendation? YES Member-in-charge asks for leave to introduce the Money Bill Bill not introduced A Money Bill can only be introduced in the Lok Sabha, and requires the recommendation of the President beforehand. Once passed, it is sent to the Rajya Sabha along with a certificate from the Speaker specifying that it is a Money Bill. Agreed-upon recommendations are added to the bill Original bill is deemed to have been passed by both houses
Data used to create the above flowchart was obtained from official Lok Sabha and Rajya Sabha websites on October 7, 2013:

Additional information used was obtained from Articles 107–119 of the Constitution of India: