Net Worth Certificate of Individual & Company — CA Certified with UDIN, in 1–2 Working Days

Only a Chartered Accountant holding a certificate of practice. Since 1 February 2019, ICAI requires every certificate signed by a practising CA to carry a UDIN generated on udin.icai.org; recipients verify it there. A certificate from a CA in employment, a tax consultant or a notary is not a CA certificate and is rejected on verification.

TAXAJ charges by the value certified: ₹5,000 for net worth up to ₹50 lakh, ₹10,000 up to ₹1 crore and ₹15,000 up to ₹5 crore, all-inclusive of verification, draft, UDIN and a foreign-currency version where needed. Above ₹5 crore, or where unlisted shares or business interests need a fair valuation, the fee is quoted after a short call.

1–2 working days from complete documents. The draft usually goes out within a day; once you approve it the signed certificate with UDIN follows the same day. Property that needs a registered valuer's report adds the valuer's time.

For an individual, net worth is total assets less total liabilities at the stated valuation basis. For a company, Section 2(57) of the Companies Act, 2013 fixes the meaning: paid-up share capital plus reserves created out of profits, less accumulated losses, deferred expenditure and miscellaneous expenditure not written off, per the audited balance sheet — excluding revaluation reserves, write-back of depreciation and amalgamation reserves. Statutory thresholds (CSR, Ind AS, XBRL, SEBI accreditation for body corporates) use this definition.

It depends on the country and category. Student visas for Canada, Australia and the UK, business and investor visas, and some Schengen visitor applications ask for a CA net-worth certificate or "financial statement from a chartered accountant" alongside bank statements and ITRs, especially where a parent or sponsor is funding the applicant. Embassies want the figure in their currency with the conversion rate and date stated.

At the basis the recipient accepts: government circle or guideline value (most banks and many embassies), a registered valuer's report at market value (higher-value visas, tenders and some franchisors), or cost per the sale deed. The certificate states which basis was used and, for jointly owned property, only the applicant's share is included.

They are disclosed. Whether they are deducted depends on the recipient's format — most bank formats deduct guarantees given for others' borrowings; most visa formats show them as a note. Undisclosed guarantees discovered later are a common reason a loan is recalled or a visa refused.

Not as the applicant's own net worth. A sponsor's assets go on a separate certificate in the sponsor's name, with the relationship stated and the sponsor's consent — which is how embassies expect a parent-funded student file to be presented.

No. Net worth certifies assets minus liabilities as on a date; a turnover certificate certifies revenue for a period; a solvency certificate certifies the ability to meet obligations and is usually issued for tenders, contractor registration and court sureties. Some files need two of the three; TAXAJ issues all of them from the same verification.

Yes. Indian assets are certified from Indian documents; foreign assets can be included where statements are available, with the currency and rate stated. For NRI sponsors of Indian students or dependants, the certificate is issued in the sponsor's name with the relationship shown.

There is no statutory expiry, but it certifies a position as on a date, and most embassies, banks and franchisors want a certificate dated within the last 3–6 months. If the date has lapsed, an updated certificate as on a new date is issued after refreshing the bank, investment and loan statements.

Yes, and it must if liabilities exceed assets — a CA cannot leave out a loan to make the number positive. If the purpose is a loan or visa, we tell you at the draft stage what the certificate will show so you can decide how to present the file, including a sponsor's certificate where appropriate.

Yes. The Word file is free and needs no sign-up. It contains a blank specimen for an individual, a company specimen computed under Section 2(57) of the Companies Act 2013, an annexure schedule of assets and liabilities, and the documents checklist. It is a format, not a certificate — the Firm Registration Number, membership number and UDIN are left blank on purpose.

No, and no Chartered Accountant should sign on that basis. Issuing the certificate is an assurance engagement: the CA has to trace every asset and every liability to a document, satisfy themselves about the valuation basis, and take responsibility for the figure before generating a UDIN. Filling in the annexure with your own working and assembling the documents does help — it shortens the verification, it does not replace it.