Amendment status not verified — confirm the current text below against the official source.
Liability of institution or endowment or Dharmadayam to pay annual contribution and audit fees - (1) In respect of the services rendered by the Government and their employees, every charitable or religious institution or endowment or Dharmadayam other than Tirumala Tirupathi Devasthanams whose annual income is 1[not less than rupees fifty thousand], shall be liable to pay to the Government annually from the income derived by it, such contribution 2 [of the actual expenditure incurred towards such services] 3[XXXX] as may be prescribed. (2) In respect of the services rendered by the Government and their employees, the Tirumala Tirupathi Devasthanams, shall be liable to pay to the Government annually from the income derived by it, a contribution of seven per centum of such annual income or rupees fifty lakhs in lumpsum, whichever is higher. (3) The contribution which an institution or endowment or Tirumala Tirupathi Devasthanams is liable to pay under sub-sections (1) and (2) shall be paid annually to the Endowments Administration Fund. (4) Every institution or endowment referred to in sub-section (1) shall pay to the Government annually for meeting the cost of auditing its accounts, such further sum of one and half per centum of its annual income. (5) For purposes of this section, annual income shall mean- (a) in relation to Dharmadayam, the total of the amount charged or collected as Dharmadayam during the year of account; (b) in relation to any other income, the proceeds in each year after deducting the amounts specified below:- (i) the revenue paid to Government including cesses paid to local authorities;