B.Com. (Accountancy) IKS in Accounting and Taxation Syllabus - Mumbai University
This is the TY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2026-27. The University clubbed this degree with B.Com., B.Com. (Business Economics) and B.Com. (Business Management) on 25 May 2026 and now awards it as B.Com. (Commerce and Management), with Accountancy as the Major: the papers below are the ones its own Board of Studies sets, so your exam form may name the degree differently from your admission letter.
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Syllabus for IKS in Accounting and Taxation
Module I: Public Financial Administration and Ethical Governance: Insights from Kautilya’s Arthashastra
- A. Expenditure and Budgeting
- Principles of public expenditure
- Budget preparation and control mechanisms
- Salary administration, maintenance of storehouses, and acquisition of valuables B. Auditing and Internal Controls
- Annual accountability reports and the closing of books
- Role and process of royal auditors
- Audit procedures: submission of sealed accounts, prohibition of collusion, and annual audits at the end of the financial year (full moon of Asadha)
- Internal controls to prevent fraud and misuse of resources C. Organizational Design and Ethics
- Codification of financial rules and regulations
- Organizational structure to minimize conflicts of interest
- Role of ethics in accounting, prevention of corruption, and maintenance of law and order D. Contemporary Relevance and Comparative Analysis
- Application of Kautilya’s principles in modern accounting and governance
- Comparative study with current Indian government finance systems
- Lessons for modern-day financial administration
Module II: Taxation Systems in Ancient India
- A. Concept and Rationale of Taxation in Indian Knowledge Systems
- Taxation as Rajadharma and Lokasangraha
- State responsibility, welfare orientation, and redistribution
- Ethical limits on taxation and protection of taxpayers B. Principles of Taxation and Public Administration
- Equity, certainty, convenience, and economy in Indian thought
- Accountability of the ruler and revenue officials
- Overview of partial and general tax incidence in traditional economies C. Taxation in Classical Indian Texts
- References to taxation in the Ramayana and Mahabharata
- Manu Smriti: moderation, fairness, and social order
- Kautilya’s Arthashastra: systematic revenue framework, tax administration, and welfare measures D. Taxation and Revenue Administration in Ancient India
- Mauryan Revenue System
- Land revenue, trade taxes, state monopolies
- Centralised fiscal administration
- Gupta Revenue System
- Land grants, decentralisation, and revenue remission
- Chola and Vijayanagar Fiscal Practices
- Local self-governance and taxation
- Temple-centred revenue management
- Trade, irrigation, and land-based taxes E. Taxation in Medieval India
- Sultanate Period
- Iqta system
- Agricultural taxation and market control
- Mughal Administration
- Todar Mal’s land revenue reforms
- Zabt system and assessment techniques
- Balance between revenue efficiency and agrarian stability
Reference Books
- 1 Indian Political Thought Varma, V. P. (2017). Indian political thought. New Delhi, India: Vikas Publishing House. https://www.vikaspublishing.com
- 2 Ethics in Public Administration Sharma, M. P., Sadana, B. L., & Kaur, H. (2018). Public administration in theory and practice (49th ed.). Allahabad, India: Kitab Mahal. https://www.kitabmahal.com
- 3 Corporate Governance Tricker, B. (2020). Corporate governance: Principles, policies, and practices (4th ed.). Oxford, UK: Oxford University Press. https://global.oup.com
- 4 Indian Knowledge Systems Dharampal. (2019). Indian science and technology in the eighteenth century. New Delhi, India: Other India Press. https://www.otherindiabookstore.com
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.