Preparation and passing the budget of the Zila Panchayat

(1) The Zila Panchayat shall, with the help of Planning and development Committee, in the manner prescribed and with due regard to the provisions prepare every year before such date as is fixed by rule in this behalf, a complete account of its actual and expected receipts and expenditure for the year ending an the thirty-first day of March next following such date, together with a budget estimate for the year commencing on the first day of April next fallowing. (2) In preparing the budget estimate under sub-section (1) the estimate of income shall show separately grants from the State Government towards planning and development activities and the estimate of expenditure shall show separately how such grants are proposed to be expended. (3) The Chairman shall thereafter lay at a meeting of the Zila Panchayat before a date to be fixed by rule in this behalf the account and budget estimate prepared under sub-section (1). (4) The Zila Panchayat shall, at the meeting referred to in sub-section (3) discuss and then by a special resolution- (a) pass the budget as a whole, or (b) pass the budget with any modifications, which it may deem fit, or (c) remit the budget to the planning and Development Committee for fresh preparation.