Amendment status not verified — confirm the current text below against the official source.
(1) The trustee of every religious institution shall keep regular accounts of all receipts and disbursements. (2) The accounts of every religious institution, the annual income of which as calculated for the purposes of Section 76 for the [Calendar] year immediately preceding is not less than sixty thousand rupees, shall be subject to concurrent audit, that is to say, the audit shall take place as and when expenditure is incurred. (3) The accounts of every other religious institution shall be audited annually, or if the Commissioner so directs in any case or class of cases, at shorter intervals. (4) The audit shall be made-- (a) in the case of a religious institution the annual income of which calculated as aforesaid for the [Calendar] year immediately preceding is not less than one thousand rupees, by auditors appointed in the prescribed manner, who shall be deemed to be public servants within the meaning of Section 21 of the Indian Penal Code; (b) in the case of any other religious institution, by an officer or servant subordinate to the Commissioner and deputed by him for the purpose. Substituted by notification No. 666 dt. 25/06/1993.