Hindu Polity: A Constitutional History of India in Hindu Times c46.57

c46.57

(7) 'Taxes should not be levied without determining the outturn and the amount of labour necessary for its production'³ It has to be borne in mind that without proper incentive no body would engage in industry⁴. 'What profit (result of production) would keep the producer to the production and produce benefit to the king as well' should be the ruling consideration in deciding upon the amount of taxes to be levied on industries.⁵