Correct Option (A):
The statement is incorrect. An Appropriation Bill is classified as a Money Bill under Article 110 of the Constitution.
Money Bills can only be introduced in the Lok Sabha, and their introduction requires the President's recommendation. While a Money Bill is transmitted to the Rajya Sabha for its consideration, the Rajya Sabha's powers are limited to making recommendations. It cannot reject or amend a Money Bill.
If the Rajya Sabha does not return the Money Bill within 14 days, or if its recommendations are not accepted by the Lok Sabha, the bill is deemed to have been passed by both Houses in the form originally passed by the Lok Sabha. Therefore, the assertion that an Appropriation Bill must be passed by both Houses in the same manner as an ordinary bill is inaccurate, as the Rajya Sabha's approval is not mandatory for its enactment.
Incorrect Options:
These statements are factually correct regarding the Indian Parliament.
Option B: "No money shall be withdrawn from the Consolidated Fund of India except under the appropriation made by the Appropriation Act." This statement is correct. Article 266(3) of the Constitution mandates that no money can be withdrawn from the Consolidated Fund of India without specific parliamentary authorization through an Appropriation Act.
Option C: "Finance Bill is required for proposing new taxes but no additional Bill/Act is required for making changes in the rates of taxes which are already under operation." This statement is correct. A Finance Bill is introduced annually to give effect to the government's financial proposals, including new taxes and modifications to existing tax rates. Changes to existing tax rates are typically incorporated within the annual Finance Bill itself, not requiring a separate additional Bill/Act.
Option D: "No Money Bill can be introduced except on the recommendation of the President." This statement is correct. Article 117(1) of the Constitution explicitly states that a Money Bill can only be introduced in Parliament with the prior recommendation of the President.