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    CA Certification

    Net Worth Statement for Divorce

    A chartered accountant's statement of your assets, liabilities, income and expenditure as on one stated date, prepared for filing in a maintenance, alimony or divorce case. Every entry is tied to a document, every value states its basis, and the income schedule reconciles to your filed returns and bank records, so the statement holds up when the other side reads it line by line.

    • Signed by a chartered accountant, with a UDIN the court or the other side can check
    A woman in a green saree discussing her case with her advocate in a book-lined chamber

    What the court receivesAs on XX.XX.XXXX

    • Schedule of assetsEach line: how held, the document behind it, the valuation basisX,XX,XX,XXX
    • Schedule of liabilitiesLoans, dues and any surety given, with the lender's statementXX,XX,XXX
    • Income scheduleEvery source, reconciled to the filed return and bank creditsXX,XX,XXX
    • Expenditure scheduleMonthly outgoings, dependants and repaymentsX,XX,XXX

    Every amount on this page is shown as X. The statement is prepared for one stated date and one named proceeding.

    Written by Subham JhunjhunwalaReviewed by CA Sundram GuptaReviewed Last updated

    What it is

    What a net worth statement for a court case is

    A net worth statement for a court case is a schedule of one spouse's assets, liabilities, income and expenditure as on a stated date, in which every entry is backed by a document and states how it was valued, prepared and signed by a chartered accountant for filing in the proceeding. The court reads it beside the other spouse's statement to see what each party owns, owes, earns and spends before it decides maintenance or alimony.

    The statement is about your own position. It puts on record what you hold directly, what you hold jointly and the share that is yours, what you hold through a firm, a company or a trust, what you owe, and what comes in and goes out each month. The document behind each line travels with it, so a question from the bench or the other side can be answered from the file rather than from memory.

    What it is not.

    It does not trace assets the other spouse may be hiding: that is a different exercise, with its own method and records. That work is a separate service, the forensic net worth certificate. It does not give legal advice, and it does not say what is divisible or who should get what. Those are matters for your advocate and the court.

    One entry, taken apart Schedule A, line 1

    A.1Immovable property, residential flatX,XX,XX,XXX

    • 1DescriptionWhat the asset is, where it is, and since when it has been held.
    • 2How it is heldSole, joint with the share stated, or through a firm, company, HUF or trust.
    • 3The document behind itThe registered deed, the index extract, the demat or bank statement, the lender's statement.
    • 4The valuation basisCost per the deed, stamp-duty value, a valuer's report, the statement balance: whichever is used is named on the line.
    • 5The amount as on the dateOne figure, for the one date the statement speaks to, in rupees.
    • 6Any charge on itA loan secured on it, a lien, a pending claim, so the net position is visible on the same line.

    When it is asked for

    When a court asks for it

    In a maintenance case the statement is not optional paperwork. The Supreme Court has made the affidavit of assets, liabilities, income and expenditure part of the proceeding itself.

    What the Supreme Court settled

    Rajnesh v. Neha, 4 November 2020

    In maintenance proceedings, both parties file an affidavit of their assets, liabilities, income and expenditure. The formats are the enclosures to the judgment, and the courts below follow them.

    • The applicant files the affidavit with the maintenance application.
    • The respondent files theirs no later than four weeks after, with the reply.
    • Later rulings of the Supreme Court have reaffirmed the requirement.

    The affidavit is yours, affirmed by you. What this service adds is the schedule behind it: a chartered accountant's statement in which every line is documented and its basis stated, so the affidavit rests on records rather than estimates.

    The spouse applying for maintenance

    You file your statement with the application. A documented schedule shows the court your actual position, including what you have had to borrow or sell, without overstating or understating a single line.

    The spouse responding to the claim

    Your statement is read against the claim made about you. Every asset, every loan and every source of income is on record with its document, so the figures you put forward can be tested and still stand.

    The advocate instructing us

    You set the date the statement must speak to, the format the court expects and the filing date. We prepare the schedule to that brief and keep the working file ready for any question that follows.

    How we prepare it

    How we prepare the statement, step by step

    The order matters. Scope is settled before a single figure is written, and nothing is signed until every line has its document.

    1. 1

      Scope and limitations are settled with your advocate

      Which court, which proceeding, the date the statement speaks to, and the format the court has given, whether the enclosures to the Supreme Court's judgment or the court's own form. We record what we certify and what we do not: ownership, valuation and divisibility are left to the court.

    2. 2

      Every entry is documented

      You list what you own and owe. For each line we ask for the record behind it and keep a copy on the working file. A line without a document is not dropped quietly: it is shown as stated by you and marked as such, so the court can see the difference.

    3. 3

      The valuation basis is declared on each line

      Cost per the deed, the stamp-duty value, a valuer's report, the demat or bank statement balance, the surrender value. Whichever basis is used is named on the line, so no reader has to guess how a figure was reached.

    4. 4

      Joint and indirect holdings are separated

      Jointly held property and accounts show the share that is yours. Holdings through a firm, a company, a HUF or a trust are shown as interests, with the entity named. Nominee and benami-type holdings are not sorted here; that question goes to your advocate.

    5. 5

      The income and expenditure schedule is reconciled

      Salary, business or professional income, rent, interest and dividends are listed by source and tied to your return of income filed under the Income-tax Act 2025, to Form 26AS and the Annual Information Statement, and to bank credits. Monthly outgoings, repayments and dependants are listed the same way.

      The return is furnished under section 263 of the Income-tax Act, 2025 (formerly section 139 of the Income-tax Act, 1961).

    6. 6

      The statement is signed for filing

      The chartered accountant signs the statement with a UDIN, states its basis and any limitation, and restricts it to the named proceeding. You affirm the affidavit as your advocate directs; the statement is annexed to it.

    What you do

    • Tell us the court, the proceeding and the date the statement must speak to.
    • List every asset, liability, income source and monthly outgoing you can think of, including what is held jointly.
    • Send the documents in the list below as we ask for them.
    • Read every line before it is signed. The affidavit is yours.

    Preparing it yourself?

    If you are drafting the affidavit without a CA, the article How to Write a Statement of Net Worth for Court walks through the schedule line by line and the records to gather first.

    Time and court attendance

    How long the statement takes: Timing depends on when your documents are complete; no fixed deadline is promised.

    Documents required

    Documents required, by the line they prove

    Gather what you have first. We ask for the rest line by line, and nothing goes on the schedule without its record.

    Schedule A

    Immovable property

    • Registered sale deed, gift deed or allotment letter
    • Index or title extract and the latest tax receipt
    • Loan sanction letter and the current loan statement
    • Valuer's report, if one is to be relied on
    Schedule A

    Bank balances and deposits

    • Statements of every savings and current account
    • Fixed and recurring deposit receipts or advices
    • Post office and small savings passbooks
    • Statements of joint accounts, with the share you claim
    Schedule A

    Shares, mutual funds and securities

    • Demat holding statement as on the date
    • Mutual fund consolidated account statement
    • Share certificates or the company's register extract for unlisted holdings
    • Bonds, debentures and sovereign gold bond statements
    Schedule A

    Retirement balances and insurance

    • Provident fund passbook or statement
    • Public provident fund and pension account statements
    • Gratuity or superannuation statement from the employer
    • Life policies with the surrender value as on the date
    Schedule A

    Vehicles, jewellery and valuables

    • Registration certificate and purchase invoice
    • Vehicle loan statement
    • Jewellery invoices, insurance schedule or a valuer's report
    • Locker agreement and the inventory, if any
    Schedule A

    Business or professional interest

    • Partnership deed or the company's shareholding record
    • Latest audited or signed financial statements
    • Capital account or director's loan account statement
    • Any valuation of the interest already on record
    Schedule B

    Loans and dues

    • Statement of every loan outstanding, with the security
    • Credit card and overdraft statements
    • Loans from relatives or friends, with the acknowledgement
    • Any surety obligation you have signed for another person
    Income and expenditure

    Income and monthly outgoings

    • Returns of income filed for the recent years, with computations
    • Form 16, salary slips, Form 26AS and the Annual Information Statement
    • Rent agreements and interest certificates
    • Rent paid, school fees, insurance premiums and repayment schedules

    Assets sold or transferred in the period the court's format asks about are listed with the sale document and the bank entry, so the disclosure is complete on its own.

    What it contains

    What the statement contains, in reading order

    Every amount below is shown as X. The order is the order the court reads it in: the schedule first, then the disclosures, then what the chartered accountant certifies and does not.

    Statement of net worthIn the matter of XXXXX v. XXXXX

    Court and proceedingXXXXXXXXXXNamed once; the statement is not reusable elsewhere
    Person, address and PANXXXXXXXXXXAs they appear on the return of income
    The date it speaks toXX.XX.XXXXOne date; every figure is as on that date

    A. Assets

    1. Immovable property, residential and otherHow held, valuation basis, any chargeX,XX,XX,XXX
    2. Bank balances and depositsXX,XX,XXX
    3. Shares, mutual funds and securitiesXX,XX,XXX
    4. Retirement and provident fund balances; insurance at surrender valueXX,XX,XXX
    5. Motor vehicles; jewellery and other valuablesXX,XX,XXX
    6. Business or professional interestCapital account, shareholding or partnership shareXX,XX,XXX

    B. Liabilities

    1. Housing loan outstandingXX,XX,XXX
    2. Vehicle, personal and credit card duesXX,XX,XXX
    3. Other borrowings, including from relativesXX,XX,XXX

    Net worth (A less B)X,XX,XX,XXX

    Disclosures

    1. Assets sold or transferred in the period the court's format asks aboutXX,XX,XXX
    2. Assets held jointly, and the extent of the share statedXX,XX,XXX
    3. Contingent liabilities, including any surety given for another personXX,XX,XXX
    4. Income declared in the return for the latest assessment yearXX,XX,XXX
    1

    Basis of preparation

    The statement says which records it rests on: returns of income, bank statements, title documents, demat statements and the other records produced to the chartered accountant.

    2

    Responsibility

    The completeness of what is disclosed is the deponent's responsibility. The chartered accountant's responsibility is to certify the statement on the basis of the records produced.

    3

    No opinion on ownership, valuation or divisibility

    Whether an asset is yours, what it is really worth in a contest, and whether it is divisible are for the court. The statement says so in terms, which is what makes it usable by either side.

    4

    Restricted use

    Issued for the named proceeding only, not to be used for any other purpose or shown to any other party without written consent.

    5

    Signature, membership number and UDIN

    Signed by the chartered accountant with the firm's registration number, the membership number, the place and date, and a UDIN that the court or the other side can check on the ICAI portal.

    The professional basis

    What the statement rests on

    Three things stand behind the signature: the profession's own standard for special-purpose certificates, the Supreme Court's requirement, and a number anyone can check.

    The ICAI Guidance Note

    Special-purpose certificates by chartered accountants follow the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016). In practice that is why the statement states its basis and any limitation, names the records it rests on and restricts its use to the named proceeding.

    The Supreme Court's requirement

    Rajnesh v. Neha (Supreme Court, 4 November 2020) requires both parties to a maintenance proceeding to file an affidavit of assets, liabilities, income and expenditure in the formats enclosed to the judgment. The statement is built to those heads, so it maps onto the affidavit line for line.

    A UDIN on the signature

    Since 1 February 2019 every certificate signed by a practising chartered accountant carries a Unique Document Identification Number generated on the ICAI portal. The court, the other side or their accountant can enter it and confirm who signed, when, and for what.

    How recent it has to be. The statement speaks to a stated date; the reader decides how recent. A court usually wants the position as on, or close to, the date of the application or the reply, so the date is agreed with your advocate before we begin. The income figures are tied to the return of income filed under the Income-tax Act 2025, which the other side will obtain in any event, so the two sit consistently side by side.

    That return is furnished under section 263 of the Income-tax Act, 2025 (formerly section 139 of the Income-tax Act, 1961).

    Fee

    Fee for a net worth statement for court

    The quote is given before work begins, once we know the court's format, the number of lines on the schedule and the records to be reconciled.

    All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

    What the quote depends on

    • The number of entries on the schedule, and how many are held jointly or through a firm, company or trust.
    • The years of income to be reconciled to returns, Form 26AS, the Annual Information Statement and bank credits.
    • Whether a valuer's report is needed for property or jewellery, which is a separate engagement.
    • The format the court has set and the date it must be filed by.

    Start

    Start your court net worth statement

    Tell us which court the statement is for, the date it must speak to and the date it is due. A chartered accountant calls you back, agrees the scope with you or your advocate, and sends the document list for your schedule.

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