Arthashastra

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तटाक सेतु बन्धानां नव प्रवर्तने पाञ्चवर्षिकः परिहारः, भग्न उत्सृष्टानां चातुर्वर्षिकः, समुपारूढानां त्रैवर्षिकः, स्थलस्य द्वैवर्षिकः ॥

(Remission of taxes.) In the case of construction of new works, such as tanks, lakes, etc., taxes (on the lands below such tanks) shall be remitted for five years (panchavárshikah parihárah). For repairing neglected or ruined works of similar nature, taxes shall be remitted for four years. For improving or extending water-works, taxes shall be remitted for three years. In the case of acquiring such newly started works by mortgage or purchase, taxes on the lands below such works shall be remitted for two years.

english translation

taTAka setu bandhAnAM nava pravartane pAJcavarSikaH parihAraH, bhagna utsRSTAnAM cAturvarSikaH, samupArUDhAnAM traivarSikaH, sthalasya dvaivarSikaH ॥

hk transliteration by Sanscript