I would like to know what exactly should we know in negative list ? Should we know all the definitions in the negative list ? Im doing self study so need some help regarding this. Thanks
CA Final Student (-) (263 Points)
04 July 2013I would like to know what exactly should we know in negative list ? Should we know all the definitions in the negative list ? Im doing self study so need some help regarding this. Thanks
Rohit
(CA-Final)
(1485 Points)
Replied 04 July 2013
You should learn all the 17 Heads + What is included in this list + What is excluded from this list.
Either Theory or/and Practical Question can be asked frm this area.
For self study I would refer you to study from CA Ajay Jain Sir book.
For your help, I can give you mnemonic for Negative List available in his book.
Mnemonic | Negative List Head |
A | Advertisement |
B | Bridges (Toll) |
C | Cabs |
D | Diplomatic Missions |
E | Electricity |
F | Funeral |
G | Goods transportation |
H | House Renting (residential) |
I | Interest |
J | Jhule (Rides - Entertainment Parks,etc) |
K | Kheti (Agriculture) |
L | Lottery (Gambling) |
M | Manufacture (Production of Goods) |
N | - |
O | - |
P | - |
Q | Qualification (Services relating to education) |
R | RBI (services by RBI) |
S | Sarkar (Government) |
T | Trading of Goods |
For detail refer your book. But using this mnemonic you can remember all the headings in exam easily.
Rohit - Indian CA Helpers Blog
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India