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A new clause (vb) is inserted under Rule 17C of the Income-tax Rules, 1962 to make the investment by authorized payment service providers in the equity share capital or bonds or debentures of ‘Open Network for Digital Commerce Ltd.’, as a permissible mode of investment for exemption under section 11 of the Income-tax Act.A new clause (vb) is inserted under Rule 17C of the Income-tax Rules, 1962 to make the investment by authorized payment service providers in the equity share capital or bonds or debentures of ‘Open Network for Digital Commerce Ltd.’, as a permissible mode of investment for exemption under section 11 of the Income-tax Act.taxmann.com Latest Statutory HappeningsRead More