IKS in Accounting and Taxation Notes | B.Com. (Accountancy) Semester 5 | Mumbai University | munotes

Contents

Module I Public Financial Administration and Ethical Governance: Insights from Kautilya’s Arthashastra

1. Why a Commerce Student Reads Kautilya 1
2. The Arthashastra, and the Text We Are Reading 4
3. Principles of Public Expenditure 7
4. Budget Preparation and Control Mechanisms 10
5. Salary Administration 13
6. Storehouses, and the Acquisition of Valuables 17
7. Annual Accountability Reports, and the Closing of the Books 21
8. The Royal Auditors and the Office of Accounts 25
9. Audit Procedure: Sealed Accounts, Collusion, and the Full Moon of Asadha 29
10. Internal Controls Against Fraud and Misuse 32
11. Codified Rules, and Structure Against Conflicts of Interest 37
12. Ethics in Accounting, Corruption, and Law and Order 41
13. Kautilya in Modern Accounting and Governance 45
14. Practice Questions: Public Financial Administration and Ethics 48

Module II Taxation Systems in Ancient India

1. Taxation as Rajadharma and Lokasangraha 53
2. Ethical Limits on Taxation, and the Protection of Taxpayers 57
3. Equity, Certainty, Convenience and Economy in Indian Thought 61
4. Accountability of the Ruler and of Revenue Officials 66
5. Tax Incidence in a Traditional Economy 70
6. Taxation in the Ramayana and the Mahabharata 74
7. Manu Smriti on Taxation 77
8. The Arthashastra's Revenue Framework 81
9. The Mauryan Revenue System 85
10. The Gupta Revenue System 89
11. Chola and Vijayanagar Fiscal Practice 93
12. The Sultanate: Iqta, Agricultural Taxation and Market Control 97
13. Mughal Revenue Administration: Todar Mal, Zabt, and the Balance 101
14. How a Caselet Is Answered 105
15. Practice Questions: Taxation Systems in Ancient India 109