Net Worth Certificate

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    What is Net Worth Certificate

    The net worth of an individual or an Enterprise is the total assets of the individual or Enterprise less total liabilities.Net worth certificate is a document that is compiled and certified usually by a Chartered Accountant taking into consideration all the assets and liabilities of the individual or Enterprise. A net worth certificate shows the financial health of an individual or enterprise. The net worth certificate is an indicator of financial wealth. A person while applying for VISA or bank loan application might need net worth certificate.

    Who provides a net worth certificate?

    • A Chartered Accountant (CA) can provide you a net worth certificate.
    • In order to get a net worth, certificate the assessee is required to submit details of all documents, records, assets, and liabilities
    • After determining the total net worth calculation, from the information provided, a chartered accountant will prepare a net worth certificate and certify it.

    Documents required for preparing a net worth certificate?

    • Details of all the Fixed assets
    • Details of all the securities and Investments
    • Details of all the Intangible assets
    • Bank balance and Cash in hand
    • Investments in shares/ mutual funds
    • Capital involved in Business

    Taxcellent helps you in providing net worth Certificate

    Taxcellent - For All Chartered Accountants Services

    We have launched a range of Chartered Accountants Services for families along with a complete income tax filing product suite covering ITR-1 to ITR-7. With the launch of our families division, we aim to help millions of Indians with financial literacy, compliance and investment.

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