According to law they can't neglect Net worth. Net worth certificate by CA will be an alternate way to get exposure. For example, you may have 20 lakh trading capital, you got from inheritance/property sale etc but u don't have any taxable income.
You might have other properties like gold, mutual fund, bond, demat shares, joint property etc in your name got from inheritance. Any type of similar worth u have accumulated on your own also going to the list of your net worth. You may have a car, home, flat other valuable assets. Adding all this your total NET WORTH is calculated. NET WORTH is another way to show your ability to do any business.
So, Net worth will be another way to bypass ITR linking. Even if u have low income or no income you can trade comfortably if u have big net worth or big trading capital. According to law, no one can deny netwoth of a person.
You might have other properties like gold, mutual fund, bond, demat shares, joint property etc in your name got from inheritance. Any type of similar worth u have accumulated on your own also going to the list of your net worth. You may have a car, home, flat other valuable assets. Adding all this your total NET WORTH is calculated. NET WORTH is another way to show your ability to do any business.
So, Net worth will be another way to bypass ITR linking. Even if u have low income or no income you can trade comfortably if u have big net worth or big trading capital. According to law, no one can deny netwoth of a person.