National Fund for persons with disabilities

100.(1) There shall be constituted a Fund to be called the National Fund for persons with disabilities and there shall be credited thereto-
(a) all sums available under the Fund for people with disabilities, constituted vide notification no. S.O. 573(E) dated 11th August, 1983 and the Trust Fund for Empowerment of Persons with Disabilities, constituted vide notification no 30-03/2004-DDII dated 21s' November, 2006, under the Charitable Endowment Act, 1890. (Remarks : 6 of 1890)
(b) all sums payable by banks, corporations, financial institutions in pursuance of judgment dated the 16th April, 2004 of the Hon'ble Supreme Court in Civil Appeal No.4655 and 5218 of 2000;
(c) all sums received by way of grant, gifts, donations, beneficiations, bequests or transfers;
(d) all sums received from the Central Government including grant-in-aid;
(e) all sums from such other sources as may be decided by the Central Government.
(2) The Fund for persons with disabilities shall be utilised and managed in such manner as may be prescribed.
 

Accounts and audit

101.(1) The Central Government shall maintain proper accounts and other relevant records and prepare an annual statement of accounts of the Fund including the income and expenditure accounts in such form as may be prescribed in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of the Fund shall be audited by the Comptroller and Auditor General of India at such intervals as may be specified by him and any expenditure incurred by him in connection with such audit shall be payable from the Fund to the Comptroller and Auditor-General of India.
(3) The Comptroller and Auditor-General of India and any other person appointed by him in connection with the audit of the accounts of the Fund shall have the same rights, privileges and authority in connection with such audit as the Comptroller and Auditor-General of India generally has in connection with the audit of the Government accounts, and in particular, shall have the right to demand production of books of accounts, connected vouchers and other documents and papers and to inspect any of the offices of the Fund.
(4) The accounts of the Fund as certified by the Comptroller and [ Auditor-General of India or any other person appointed by him in this behalf, together with the audit report thereon, shall be laid before each House of Parliament by the Central Government.
 

Exemption from tax on wealth, income, profits and gains

102. Notwithstanding anything contained in:-
(i)  the Wealth-tax Act, 1957, (Remarks : 27 to 1957)
(ii)  the Income-tax Act, 1961, or (Remarks: 43 of 1961)
(iii) any other law for the time being in force relating to tax on wealth, income, profits or gains, the Fund shall not be liable to pay Wealth-tax, income-tax or any other tax in respect of its wealth, income, profits or gains derived.