Schedule -1
(Relating to sub-section (1) of Section 5)
Goods or material not to be included in wealth
1. Agro and forest products, buildings, tools, machineries and equipment (including tractor)
used for agricultural works.
2. Animals,
3. Amounts deposited for life insurance.
4. Amounts deposited in the Employee Provident Fund.
5. Copy right of the book written by ownself, patent right and design of the article invented
by ownself.
6. Books and educational materials for study.
7. Utensils made from metals other than precious metals.
8. Clothes and mattress (bedding) in household use.
9. Furniture, machineries and equipment (other than television, video, deck, refrigerator,
washing machine, movie camera and air conditioner) put into daily use.
10. Tools, machineries and equipment to be used in profession.
11. Decorative goods placed or installed in buildings (other than the goods made from or
installed with precious metals).
12. Musical equipment and instruments to be put into daily use.
13. Machineries and equipment to be placed in buildings for medical treatment and
examination.
14. Goods to be used in sports and physical exercise.
15. Means of vehicle like a bicycle, rickshaw, and similar other man operated vehicle which
does not have engine,
16. Arms and ammunitions kept for security.
17. Goods to be used in research work.
18. Goods relating to painting and photography.
19. Such other goods or material as may be so specified by the prevailing law as not to be
included in the wealth.