Arthshashtra Current Affairs, GK & News

Kautilya’s System of Tax Administration

Kosha Moolo Danda, which means ” revenue is the backbone (of administration)” is sourced from Kautilya’s Arthshastra Part 8, Chapter 1. This implies that a nation’s status relies upon its fiscal power. He expressed that the Government’s power had source of treasury. This verse is used in the logo of Income Tax Department of India ..

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Land Revenue in Ancient India

Land revenue system in ancient India was based upon income from land, thus rated according to the productivity and kind of soil. Manu fixed it between 1/6, 1/8 or 1/12 according to the quality of the soil. Gautama raises the lower limit to 1/10. Sukra’s schedule gives 1/6, 1/4, 1/3 and 1/2 according to the ..

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