Panchayat fund

(1) For every Panchayat there shall be a fund, which shall be called the Panchayat fund. (2) The following shall be paid or deposited into the Panchayat fund, namely :— (a) the proceeds of service charges collected under clause (b) of section 134 ; (b) the proceeds of compensation collected under clause (c) of section 134 ; (c) the proceeds of any taxes, fees or charges due to a local authority collected under section 135 ; (d) all sums received from the Board on behalf of the Authority ; (e) all sums received by the Panchayat from other sources by way of grant, gift and contribution or otherwise.