80 Statements of assets, liabilities and life style-.

1[Statements  of  assets,  liabilities  and  life  style].-

2[(1) Every person, being an individual assessee, shall furnish statements in the forms and manners as prescribed in respect of the total assets, liabilities and expenses of the person or the spouse, minor children and dependents of the person as on the last date of the income year if the person-

(a) has, in the last date of the income year, a gross wealth exceeding taka 3[twentyfive] lakh; or
(b) owns a motor car; or
(c) has made an investment in a house property or an apartment in the city corporation area:
Provided any person, being an individual assessee, who is not required to submit the statement mentioned in this sub-section may voluntarily submit such statement.

(2) Every person, being an individual assessee, shall furnish statements in the forms and manners as prescribed, a statement of expenses relating to the life style of such person:
Provided that an individual, not being a shareholder director of a company, having income from salary or from business or profession may opt not to submit such statement if his total income does not exceed three lakh taka in the income year.

(3) Where any statement as mentioned in sub-section(1) is not submitted by a person being an individual, the Deputy Commissioner of Taxes may require, by notice in writing, to submit the same by person within the time as mentioned in the notice.]

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1 Subs. for "Statement of assets and liabilities" by F.A. 2005
2Ins. by F.A. 2002

3Ins. by F.A. 2017

 

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