CORAA

Sources of Funds Certificate Format — CA Certificate (Visa / Property / Education)

A CA-issued certificate tracing the sources of funds of an individual or entity for a specific purpose — visa applications, property purchase, or education remittances abroad — with each source mapped to its supporting evidence.

Free · CORAA original — SA-aligned
Updated 29 Jul 2026
Type
CA Certificate (not an audit opinion)
Framework
ICAI Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)
Used for
Visa / property purchase / education remittances
UDIN
Mandatory on every sources of funds certificate
Share this template
Your firm — letterhead
Appears at the top of the document as the audit firm letterhead.
Used as the letterhead block.
Engagement details
The client and period this document is for.
What’s inside

An excerpt from the template.

CERTIFICATE OF SOURCES OF FUNDS

This is to certify that we have examined the sources of funds of ___ (PAN: ___), residing at ___, in connection with ___, and that the funds aggregating to the amount stated below as at ___ are sourced as under:

Statement of Sources of Funds

Based on our examination, the above funds are held in the bank account(s) / instruments of ___ as at ___, and each source stated above is supported by the documentary evidence indicated against it. The sources are reflected in, and are consistent with, the income-tax records of ___ to the extent applicable.

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

What is a source of funds certificate from a CA?
It is a CA-issued certificate tracing where a person's funds came from — salary savings, business income, sale of property or investments, loans, or gifts — with each source mapped to documentary evidence such as bank statements, ITRs, sale deeds or sanction letters. Consulates, foreign universities, banks and property registrars ask for it to establish that the money being deployed is legitimate and explainable.
What documents does a CA need to certify source of funds?
Bank statements covering the accumulation of the funds, income-tax returns and computations, salary slips or Form 16 for salary income, financial statements for business income, sale deeds or contract notes for disposals, loan sanction letters and account statements, and gift deeds with the donor's details for gifted amounts. The certificate should state the evidence verified against each source rather than certify a bare total.
Is a source of funds certificate needed for education remittances abroad?
Foreign universities and some visa categories ask for it to support the financial capacity shown in the application. Note that the certificate documents the source; the remittance itself is governed separately by FEMA and the Liberalised Remittance Scheme through the authorised dealer bank, and income-tax formalities such as Form 15CA (and 15CB where applicable) may also arise depending on the nature of the remittance.
Is UDIN mandatory on a source of funds certificate?
Yes. As a certificate issued by a practising CA, it must carry a UDIN generated from udin.icai.org, which the receiving institution can verify online.
Related templates

You might also need.

Net Worth Certificate for Visa — Individual / Family Format
Free net worth certificate for visa — CA-issued individual and family format with assets, liabilities and valu
Net Worth Certificate Format — CA Issued Template
Free CA-issued net worth certificate template for Indian individuals and entities. Assets, liabilities, net wo
Form 15CB Template — Foreign Remittance Certificate
Free Form 15CB template for CAs. Rule 37BB Section 195 foreign remittance certificate format with TDS, DTAA, b