The Central Board of Direct Taxes vide notification dated 22nd April, 2022 has issued the Income-tax (10th Amendment) Rules, 2022. The amendment provides that Forms or modes of investment or deposits by a charitable or religious trust or institution recognized by the rules include investment made by a person in the equity share capital or bonds or debentures of Open Network for Digital Commerce Ltd, being a section 8(Non-profit) company for participating in network based open protocol models which enable digital commerce and interoperable digital payments in India.
