A Net Worth Certificate is an official document certified by a Chartered Accountant (CA) that outlines an individual's or entity's total assets minus total liabilities as of a specific date, showcasing their financial health. It is essential for visa applications, bank loans, tenders, and legal matters, typically valid for six months.

Key Aspects of a Net Worth Certificate:

• Definition: It represents the net value of an entity (Assets - Liabilities = Net Worth).
• Purpose: Primarily used for visa applications (proof of funds), securing loans, participating in government tenders, or financial planning.
• Authority: It must be prepared and signed by a practicing Chartered Accountant (CA) to ensure accuracy and compliance with accounting standards.
• Components: Includes both movable assets (cash, stocks, mutual funds) and immovable assets (property, land) against liabilities (loans, debts).

Documents Required:

To obtain a Net Worth Certificate, a CA typically requires the following:

• Identity & Address Proof: PAN Card, Aadhar Card, Passport.
• Proof of Assets: Bank statements, Demat account holdings, Provident Fund (PF) statements, Property valuation reports, Land records, Vehicle documents.
• Proof of Liabilities: Loan outstanding statements, mortgage details, credit card debts.
• Supporting Documents: Income Tax Returns (ITR) for the last 3-5 years.