Wealth Statement is the explicit statement of complete assets and
liabilities, whether those are acquired, existing, or transferred out in the
duration of the year.
It includes all the personal assets and liabilities and also the personal
assets and liabilities of spouse and dependents.
It also includes any asset that is transferred during the tax year.
Now everyone has to file Wealth Statement since all the exemptions has
been removed. There is a penalty for not filing Wealth Statement. So avoid
such penalties by getting an expert from LRT Pvt Ltd and reconcile Wealth
Statement.