80. ¹[(1) Every individual assessee, being resident Bangladeshi, shall furnish in the forms and manners as prescribed, a statement in respect of all ²[local and global] assets and liabilities 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 forty 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.

(2) Every individual assessee who, under sub-section (1) is not required to submit the statement may voluntarily submit such statement.

(3) Every individual assessee, being a non-resident Bangladeshi, shall submit the statement referred in sub-section (1) only in respect of assets located in Bangladesh.

Every individual assessee, being a non-Bangladeshi, shall submit the statement referred in sub-section (1) only in respect of assets located in Bangladesh.

(5) Every individual assessee, whose total income does exceed Taka four lakh as on the last date of the income year shall furnish, in the forms and manners as prescribed, a statement of expenses relating to the life style of the person.

(6) Every individual assessee, being a shareholder director of a company, shall furnish, irrespective of the total income, in the forms and manners as prescribed, a statement of expenses relating to the life style of the person.

(7) Where any statement as mentioned in sub-section (1) or in sub-section (5) 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.