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<h1>Finance Act 2017 amends Section 194LC of Income-tax Act: Date changes and new clause for rupee bonds.</h1> Section 194LC of the Income-tax Act has been amended by the Finance Act, 2017. Effective April 1, 2018, the dates in sub-clauses (a) and (c) of clause (i) are changed from '1st day of July, 2017' to '1st day of July, 2020.' Additionally, the word 'and' in the long line is replaced with 'or.' A new clause (ia) is inserted, effective retroactively from April 1, 2016, concerning monies borrowed via rupee-denominated bonds from foreign sources before July 1, 2020.