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<h1>New Investment Options for Charitable Trusts Under Rule 17C: Mutual Funds, Digital Commerce, and More.</h1> Rule 17C of the Income Tax Rules, 1962, outlines permissible forms and modes of investment or deposits by charitable or religious trusts or institutions under section 11(5)(xii) of the Income-tax Act, 1961. These include investments in mutual fund units, deposits in the Public Account of India, and with housing or urban development authorities. It also covers equity investments in depositories, stock exchanges, payment systems, and companies engaged in digital commerce. Further, investments can be made in incubatees, National Skill Development Corporation, infrastructure finance company debt instruments, Sovereign Gold Bonds, and units of POWERGRID Infrastructure Investment Trust.