Net Worth Certificate
For a visa, a tender or a bank, with a UDIN.
A net worth certificate states the value of an individual's or an entity's assets less liabilities as at a date, certified by a chartered accountant. Embassies ask for it on visa applications, tender authorities on qualification, and banks on credit assessment.
It has to be supported by evidence — property valuations, investment statements, bank balances and loan statements — rather than by the applicant's own schedule. A certificate issued without that support is one the CA should not sign.
Every such certificate carries a UDIN generated on the ICAI portal, which lets the recipient verify it. Certificates without one are increasingly rejected.
What is included
- Assets and liabilities verified against evidence
- Net worth computed as at the required date
- Certificate in the recipient's format with UDIN
- Supporting statement of computation annexed
What we need from you
- Property documents and any valuation reports
- Bank statements and investment holdings
- Loan and liability statements
- Income tax returns for the last three years
Questions
How recent must a net worth certificate be?
Most embassies and tender authorities want it dated within the last three to six months, and computed as at a recent date. Check the specific requirement before it is drafted — reissuing because the date is stale is avoidable.
Also in Income tax
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Get started with Net Worth Certificate
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
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- A firm quote before any work begins
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