Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.33 of 2007. Agency to audit accounts. Duty of trustee to give all assistance and facilities to auditors. Liability of institution or endowment or Dharmadayam to pay annual contribution and audit fees. [Act No. 30 of 1987] 77 annually from the income derived by it, such contribution 63[of the actual expenditure incurred towards such services 64[XXX]] as may be prescribed. 65(2) [XXX]] (3) The contribution which an institution or endowment 65[XXX] 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; (ii) the taxes and license fees paid to local authorities;