Ten important changes in MCA XBRL fillings:
1. Taxonomy is based on requirements
of Revised Schedule VI to the Companies Act, 1956.
2. Architecture is developed as per the IFRS architecture 2011, (earlier taxonomy
was based on IFRS 2006 architecture.)
3. Definition and
Reference linkbase added to Taxonomy
4. Dimensions introduced
as against tuples in previous version.
5. Minimum tagging is
gone now. Almost everything is detailed tagging.
6. Normally explicit
dimensions are used in the various taxonomies abroad.
7. The new MCA taxonomy
uses Typed dimensions in addition to the explicit dimensions.
8. Insertion of not all
arc role in definition linkbase requires a lot of concentration and care while tagging.
9. Information required
to be furnished in the instance document increases with the introduction of tables
10. Number of ELR’s is
reduced to 45 from 57 though reporting is increased.
