(1) Subject to the other provisions of this section, every ¹[individual] assessee shall mandatorily file the statement of assets and liabilities, if such person—

(a) is an owner of total assets exceeds Taka ²[50 (fifty)] lakh as on the last date of the income year; or

(b) owns a motor vehicle at any time during the income year; or

(c) invests in house property or apartment in the relevant income year within the City Corporation area; or

(d) owns any asset abroad at any time during the income year; or

(e) is a shareholder director of a company:

    Provided that ³[***] all public servants shall mandatorily file the statement of assets and liabilities.

(2) Every resident Bangladeshi ⁴[individual] assessee shall file, in his return, statement of all assets and liabilities situated in Bangladesh and outside Bangladesh.

(3) Every non-resident Bangladeshi ⁵[individual] assessee shall file, in his return, statement of all assets and liabilities situated in Bangladesh.

(4) Every such foreign ⁶[individual] assessee who is not a Bangladeshi shall file, in his return, statement of all assets and liabilities situated in Bangladesh.

(5) Even if it is not mandatory for an ⁷[individual] assessee to file a statement of assets and liabilities sub-section (1), he may voluntarily file such statement of assets and liabilities.

(6) In the statement of assets and liabilities of an ⁸[individual] assessee, statement of assets and liabilities of the spouse or minor children of the concerned person shall also be filed if they do not have separate TIN.

(7) The Deputy Commissioner of Taxes, by notice in writing, may require any person to file a statement of assets and liabilities for any income year, if—

(a) the said person has not filed the statement of assets and liabilities in the relevant income year; or

(b) the said statement of assets and liabilities appears to be mandatory for determining the tax liability of the that assessee for the relevant income year.