Statement of assets and liabilities

This section is not mandatory for all taxpayer. In this section you have to provide the information of yourself, your spouse and dependent children. You have to fill up this section only if you fulfill any of the following criteria:

a) Gross wealth exceeds BDT 25 lakh on the last day of the income year; or

b) Owner of motor vehicle (jeep or microbus) on the last day of the income year; or

c) Owner of house property or apartment or investment in house property or apartment in any city corporation during the income year.

So you have to provide statement of assets and liabilities only if any of the three above criteria is fulfilled by you otherwise you do not require to complete this section. This is optional for you.

But who are eligible for this section has to provide non-agricultural property, agricultural property, investments i.e. shares/debentures, savings certificate, motor vehicles, jewellery, furniture, electronic equipment, cash in hand and at bank and any other assets.

From the above total assets figure liabilities i.e. mortgage loan, bank loan etc will be deducted and the net wealth will be come out.

After that you have to provide personal and family expenditure and sources of fund. Your sources of fund are mainly salary income and any other income from other sources.

And how much wealth accretion should be mentioned and the figure you will get between difference of previous year’s net wealth and the current year’s net wealth. So you have to find out the previous year’s return of income.

So it is better to maintain a permanent file for your return of income documentation so that in future whenever any information will be required for any purpose you could get it from there.

So your last section is completed. -Source: jasimrasel.com

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