regarding xbrl filing

[RISHI]

MCA has given one clarification on 26-09-2022 that “Amendment to Schedule III to the Companies Act, 2013 vide MCA Notification GSR. 207(E) dated 24th March 2021 mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms i.e. AOC-4, the same shall not be treated as incorrect certification by the Professionals”.      
                                                                                                                                                                     But there is nothing given regarding filing of AOC-4 XBRL forms. In XBRL, there  is always facility of rounding off figures . So my question is whether we should give only rounded off figures in XBRL filing to comply with MCA Notification GSR. 207(E) dated 24th March 2021 or we can give actual figures there also as we are giving in AOC-4 form

[Nisha Sarayan]

You should give rounded off figures rather than actual 

On Mon, 17 Oct 2022 at 6:39 PM, RISHI <rmit...@gmail.com> wrote:

MCA has given one clarification on 26-09-2022 that “Amendment to Schedule III to the Companies Act, 2013 vide MCA Notification GSR. 207(E) dated 24th March 2021 mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms i.e. AOC-4, the same shall not be treated as incorrect certification by the Professionals”.      
                                                                                                                                                                     But there is nothing given regarding filing of AOC-4 XBRL forms. In XBRL, there  is always facility of rounding off figures . So my question is whether we should give only rounded off figures in XBRL filing to comply with MCA Notification GSR. 207(E) dated 24th March 2021 or we can give actual figures there also as we are giving in AOC-4 form

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THANKS & REGARDS

CS NISHA SARAYAN

9641251414

nsara...@gmail.com

[himanshu gupta]

Dear sir, 

Where the clarification given by MCA with specified circular about AOC-4. AOC-4 inclusive of all weather XBRL Or CONSOLIDATE FINANCIAL STATEMENT Or etc. MCA does not clarify although but it can be deemed that all the reporting about the Financials should be not found wrong if that give the details in weather actual or rounded off figure

With best regards

Himanshu Gupta

On Mon, 17 Oct, 2022, 6:39 pm RISHI, <rmit...@gmail.com> wrote:

MCA has given one clarification on 26-09-2022 that “Amendment to Schedule III to the Companies Act, 2013 vide MCA Notification GSR. 207(E) dated 24th March 2021 mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms i.e. AOC-4, the same shall not be treated as incorrect certification by the Professionals”.      
                                                                                                                                                                     But there is nothing given regarding filing of AOC-4 XBRL forms. In XBRL, there  is always facility of rounding off figures . So my question is whether we should give only rounded off figures in XBRL filing to comply with MCA Notification GSR. 207(E) dated 24th March 2021 or we can give actual figures there also as we are giving in AOC-4 form

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