(1) Every ordinary taxpayer shall compulsorily file a living expenses statement in the return,

(a) the income of the said person in the relevant income year exceeds Tk. 5 (five) lakh;

(b) the person acquired ownership of the motor vehicle at any time during the relevant income year;

(c) the person derives any income from business;

(d) the person becomes a shareholder director of any company; or

(e) the person invests in house property or apartment within the city corporation area during the relevant income year.

(2) The Deputy Commissioner of Taxes may, by notice in writing, require any person to furnish a statement of living expenses in any income year, if-

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

(b) the said expenditure statement appears to be necessary for determining the tax liability of the said taxpayer for the relevant income year.