CA Certificates — Use Cases and Scope
Chartered Accountant certificates are issued under specific provisions of the Income Tax Act, FEMA, Companies Act, and GST law for a wide range of regulatory, commercial, and litigation purposes. Each certificate has prescribed format, supporting documentation, and signatory requirements. Common certificates we issue include Net Worth, Turnover, Form 15CA/15CB, Statutory Auditor reports under Section 139, FEMA pricing certificates, Form 10F, Form 67 (Foreign Tax Credit), Lower Deduction Certificate Section 197, and project finance / DPR certifications for bank loans.
Form 15CA/15CB — Foreign Remittance Certificates
Section 195 of the Income Tax Act read with Rule 37BB requires that any payment to a non-resident — for services, royalty, technical fees, dividends, interest, or otherwise — be supported by Form 15CA (filed by remitter) and where applicable Form 15CB (CA certificate). The CA certificate certifies the nature of payment, applicable withholding tax rate (treaty or domestic), and the amount of TDS deducted. Errors in 15CB issuance are a primary trigger for Section 201 / 201(1A) demand proceedings.
Net Worth Certificate
Net Worth Certificates are required for tender qualification, visa applications (particularly for student and investor visas), bank loan applications, and director-disqualification proceedings under Section 164. The certificate is based on the latest audited financial statements with adjustments for fair-value items and contingent liabilities. The certifying CA's responsibility is to verify the underlying records, not merely to restate the audited balance sheet.
Turnover Certificate
Required for tender qualification, MSME classification, bank loan applications, and CA-firm empanelment processes. The certificate addresses turnover for one or multiple years, with definitions matched to the requesting authority's specifications (gross sales, net sales, GST-included or excluded, etc.).
FEMA Pricing Certificate
For inbound FDI and FC-GPR filings, the FEMA pricing certificate confirms that the share issue price is at or above the FEMA floor — the fair value worked out under an internationally accepted pricing method, or the SEBI-guideline price for listed shares. The certificate is issued either by a SEBI-registered Category I merchant banker or by the CA of the company under specific conditions.
Engagement and Turnaround
Most CA certificates are issued within 3-7 working days of receipt of supporting documentation, depending on the certificate type and complexity. We maintain a checklist-driven workflow that ensures every certificate is supported by properly preserved evidence. Free 30-minute consultation: +91 99622 60333.
Frequently Asked Questions
What certificates can a CA issue?
Virtual Auditor provides expert advisory on this through our FCA + ACS + CFE + IBBI Registered Valuer practice. Contact us at +91 99622 60333 or visit virtualauditor.in for detailed guidance specific to your situation.
How long does it take to get a CA certificate?
Typically 1 to 3 working days once the supporting documents are in order. Certificates that require reconciliation of books, bank statements or multiple years take longer. Every certificate carries a UDIN generated on the ICAI portal.
What documents are needed for a net worth certificate?
Virtual Auditor provides expert advisory on this through our FCA + ACS + CFE + IBBI Registered Valuer practice. Contact us at +91 99622 60333 or visit virtualauditor.in for detailed guidance specific to your situation.
Is a CA certificate valid for visa application?
The answer depends on the specific provisions of the applicable Act/regulation and your factual situation. Virtual Auditor provides definitive advisory backed by FCA + ACS + CFE + IBBI RV credentials. Contact us for clarity.
What is the cost of a CA certificate?
Fees depend on the certificate: a simple net worth or turnover certificate costs less than a certificate that needs verification of several years of records. We quote after seeing the purpose and documents; government or portal fees, if any, are extra.
Which certificate does the recipient require, and what records support it?
Ask the recipient for its format and purpose first: a bank, a tender authority, an embassy for a visa, the RBI or an authorised dealer bank for a remittance, or a grant body for a utilisation certificate. Each certificate states only what can be verified from records: audited financial statements, income-tax returns, bank statements, valuation reports, registers and invoices. Net worth and turnover certificates are based on audited figures or books with the period stated. Every certificate issued by a chartered accountant carries a Unique Document Identification Number (UDIN) from the ICAI, which the recipient can verify online. We confirm the format and list the records before we start.