Administration and Social Life under Vijayanagar c7.t2.48

c7.t2.48

2. *Property Tax*: In ancient and mediaeval India as in modern India all property both immovable and movable was taxed. But the one difference between the levying of taxes on property in the mediaeval period and the modern period is that, while in modern India the annual income or the rental value of the property is taken into consideration for the levy of taxes, in the mediaeval period that did not form the principle of taxation, but the property itself as a unit was taxed. Such a principle was followed for making assessments on houses, house-sites, treasure troves, cows, bulls, sheep, etc.