Wealth Statement
A statement of your assets, liabilities and expenses filed alongside your return.
Explained Simply
The wealth statement shows what you own, what you owe, and how your wealth changed over the year. FBR uses it to check that your declared income supports your lifestyle and asset growth.
Legal Definition
Section 116 of the Income Tax Ordinance, 2001.
📖 Section 116
Educational definition, not legal advice. Verify against the statute text (Section 116) before acting.
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