<h1>New Income Tax Bill Introduced with 285 Parliamentary Amendments to Streamline Approval Process</h1> A new Income Tax Bill, incorporating 285 amendments suggested by a parliamentary Select Committee and accepted by the government, will be introduced in the Lok Sabha. The previous bill was withdrawn due to the extensive number of accepted amendments, making it impractical to approve each change separately. This procedure is a recognized parliamentary convention to facilitate the legislative process. The new bill will reflect all the committee's accepted recommendations and is not a completely different proposal. Concerns that the earlier work on the bill would be wasted are unfounded, as the new bill consolidates all prior efforts and suggestions for parliamentary consideration and approval.