A wealth statement is simply a statement of your assets and liabilities. Mostly this has to be filed by a resident individual who is required to file his income tax return. In this statement, you have to mention the details of all the assets that are in your name or your dependents like your wife and children. Some of the common examples of assets are properties, vehicles, jewelry, cash at the bank and saving certificates, etc. You are also required to provide details of your personal expenses as part of your wealth statement e.g. rent, Travelling, utility charges, education, and other household expenses. Regardless of whether you don’t have any resources and liabilities, being an occupant individual, you are needed to document a Wealth Statement showing the development of resources from the start of the year on July 1 till the year’s end on June 30 and accommodate the pay acquired with costs brought about during the year.