Net Worth Certificate Format

The chartered accountant needs documents that support and justify the ownership and valuation of the applicant’s and their family’s assets. Here’s how each category is covered:

1. Identity Proof (Any One)

To establish the applicant’s identity and verify personal details.

• PAN Card – Mandatory for financial documentation in India

• Aadhaar Card – Government-issued ID for Indian residents

• Passport – Primary ID for visa purposes

• Driving License – Alternate ID proof

Submit only one, preferably PAN and Passport for visa cases

2. Movable Assets (With Ownership Proof)

These are liquid or semi-liquid assets that are easier to convert into cash.

• Bank Balance – Recent bank statements (last 6 months)

• Fixed Deposits – FD certificates or summary from the bank

• Provident Fund (PF) – EPF statement or PF passbook

• Shares – Demat account statement

• Mutual Funds – AMC statement or consolidated CAMS/Karvy statement

• Life Insurance – Policy documents with surrender value (if applicable)

These must be in the applicant’s or family’s name with clear ownership details.

 3. Personal & Valuable Assets

Assets that have monetary value but are not as liquid as bank funds.

• Car/Bike – Registration Certificate (RC), insurance copy, valuation (if required)

• Gold/Ornaments – Valuation certificate from a certified jeweler

• GIC (Guaranteed Investment Certificates) – Documents showing invested value (mostly for Canada)

• High-Value Household Goods – Purchase bills or estimated value (if included in the report)

Valuation may be done by the CA or third-party valuer depending on visa requirements.

4. Immovable Property (With Property Documents)

These are fixed assets like land and buildings that require proper documentation.

• Residential Properties – Flat, House, Bungalow (Sale deed, title deed, property tax receipt)

• Commercial Properties – Shop, Office (Ownership proof, rent agreement if rented)

• Agricultural Land/Rural Plot – Land records, 7/12 extract, RTC, or similar regional document

• Urban Land/Plot – Registry papers, latest valuation

Valuation report from a certified valuer or CA is often required.

5. Loans and Liabilities

To give a complete and accurate picture of net worth (Assets – Liabilities).

• Home, Car, Personal Loans – Latest loan statements

• Business Loans – Bank or NBFC statements

• Credit Card Outstanding – Current credit card bills showing dues

All liabilities must be deducted from total assets to calculate net worth.