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<h1>Income-tax 10th Amendment: Rule 17C Updated for Investments in Open Network for Digital Commerce Ltd.</h1> The Income-tax (10th Amendment) Rules, 2022, effective from April 22, 2022, amends the Income-tax Rules, 1962. The amendment introduces a new clause in rule 17C, allowing investments by persons authorized under the Payment and Settlement Systems Act, 2007, in the equity share capital, bonds, or debentures of Open Network for Digital Commerce Ltd. This company is incorporated under the Companies Act, 2013, and participates in network-based open protocol models for digital commerce and interoperable digital payments in India.