Ultimate Guide on CA Certificate for Student & Tourist VISA

A Chartered Accountant's certificate aka CA Certificate is a document that verifies the financial status of an applicant who is applying for a student  or tourist visa. This certificate is issued by a qualified chartered accountant and confirms that the student has sufficient financial resources to cover their expenses while studying abroad. This post should serve as an Ultimate Guide for CA Certificate for Student & Tourist Visa wherein we will try to address many questions we normally receive.

What is a CA certificate for Visa?

CA certificate is actually a net worth certificate, it is a document containing the net worth of an individual, and is certified by a Chartered Accountant (CA). It is relied upon by Embassies for Visa Processing.

• A net worth certificate is a document that shows an individual's financial standing at a particular point in time. It provides information on their total assets and liabilities, and the resulting net worth or equity.

• The prime objective of having a CA certificate is to check the financial soundness of the applicant.

Why a CA certificate required for Visa?

How FAST can I receive the CA Report / Certificate?

We conduct a thorough analysis of each application, avoiding the rush of making quick conclusions, this helps us to uncover any gaps or missing information in your visa application.

In addition, we can provide a digital copy of the report within 48-72 hours on average, once we receive the necessary information and documents from you. Many other CA firms take up to 30 days even after promising 3-4 days.

I have Gold jewellery but I don't have any receipt for it, can I show it in my Networth Certificate for VISA?

According to the Central Board of  Direct Taxes (Income Tax Board), it is permissible to possess a certain amount of gold without a receipt or invoice, or even if it appears to be inconsistent with the individual's income tax records. The limits vary based on the individual's gender and marital status, with married women allowed up to 500 grams, unmarried women up to 250 grams, and married or unmarried men up to 100 grams.

Sample Gold Jewellery Evaluation

 

Can I include my house property for CA Certificate for VISA?

 

Yes, you can show your house property as a part of your net worth certificate for a visa application. A net worth certificate is a document that shows the total value of an individual's assets and liabilities, and it is often required by immigration authorities to determine an individual's financial stability and ability to support themselves while living abroad.

A house property would be considered as an asset and its current market value would be included in the net worth certificate. However, it is important to note that the specific requirements and guidelines for net worth certificates may vary depending on the country and type of visa you are applying for. In case where a student has applied for an Education Loan against property mortgaged, then you need to attach a Property Evaluation Report & the corresponding Loan Approval Letter. The Property Evaluation Report generally have these facts included:

• Property pictures
• Size of the property and specifications
• Ownership proof of the property being evaluated

Can I submit the details of Education loan? I have the loan approval letter

 

Students have the option of submitting a Loan Approval Letter, which they can easily get from the bank that is providing the loan. However, there are certain things that a student must bear in mind when obtaining this letter:

1. The letter should be issued on the bank's official letterhead and must be signed and stamped by the authorized personnel.
2. The Loan Approval Letter should clearly specify the amount of loan and the student’s name on it.
3. The letter should include a promise to disburse the amount as and when specified. 
4. It should mention “The Loan of Rs. XX,00,000.00 has been fully sanctioned and all terms and conditions are completed except disbursement.”

 

Sample of Sanctioned Education Loan

I have received a scholarship, can I include to show the financial ability?

 

If you have been awarded a scholarship, you may include the scholarship letter as proof of your financial ability. Typically, this letter is supplied by the educational institution that awarded you the scholarship. Similarly, if you have obtained a governmental grant, you must submit a copy of it as well.

 

What Financial documents are required for F1 visa interview?

 

A F1 visa is a non-immigrant visa that allows international students to enter the United States and study full-time at an accredited academic institution. The F1 visa is granted to students who plan to attend a university, college, high school, private elementary school, seminary, conservatory, or any other academic institution or English language program. The visa is intended for individuals who wish to complete a degree or engage in academic study or research for a specified period in the United States. 

You are required to submit an original and authentic CA statement / certificate that summarizes your fixed and liquid assets, dated no earlier than 4-5 days before your visa interview date. Additionally, you must provide all original documents for each item listed in the CA statement.

 

The CA report should be addressing to whom in Canada for Students Visa?

One of our clients recently asked us to clarify to whom in the Canadian Government their CA Report should be addressed. It's important to note that the report is not intended for a specific individual, but rather for the visa officer and other government officials who will review the application. Additionally, the report can be useful even after the student has received their visa, as it serves as proof of financial stability during their course of studies. As a general rule, using the phrase "To Whom It May Concern" should suffice for addressing the CA Report. You can also refer to many samples of CA report that we have posted on our website.

Can a CA Report be helpful in second submissions for a visa application?

 

In this particular case, it was stated during the first application that the applicant did not have sufficient financial backing to complete the course, and that there were doubts about whether the applicant would leave the country at the end of their stay. The applicant had not submitted any CA Report with the first application.

In the second visa application, the applicant approached us for a CA Report, which we created and was subsequently submitted as part of the application. The result was that the visa application was approved and the applicant received the visa. The CA Report played a significant role in strengthening the application and addressing the concerns raised during the previous application.

 

If my student visa application is refused, do I have to wait before I apply again?

Rules differ for each country, for example, after a refusal of your student visa application to Canada, one may apply again at any time unless the decision letter specifies otherwise. However, you should reapply only if you can provide new or additional information that was not included in your previous application such that you have sufficient financial backing to complete the course.

Canadian Embassy and Consulates Addresses

High Commission of Canada, New Delhi	Consulate General of Canada, Bengaluru
7/8 Shantipath, Chanakyapuri New Delhi 110 021, India	World Trade Center, 22nd Floor 26/1, Dr. Rajkumar Road  Malleshwaram West Yeshwantpur Bengaluru – 560055
Consulate General of Canada, Mumbai	Consulate General of Canada, Chandigarh
Indiabulls Finance Centre, 21st Floor, Tower 2, Senapati Bapat Marg, Elphinstone Road (West)	SCO# 54-56, Sector 17 A, Chandigarh 160 017, India

 

What does this message regarding Visa application, tracking ID No. means?

 

In this case, the client had applied through VFS and the message stated as follows:

Visa application, tracking ID No.****– Your processed decision envelope has been dispatched from the IRCC Office, on XXXX-XX-XX (Date) XX:XX:XX GMT Standard Time to the Canada Visa Application Centre in CVO-NEW DELHI.

 

Basically this means that Visa embassy is going to send it back now to VFS visa centre and they will send it to you if you paid for the courier services or you can pick up in-person.

Sample of Visa Copy Canada

 

Sample of CA Report for Student Visa