Financial Reports That Talk to Regulators
For certain companies, financial statements must be submitted to the MCA in XBRL (eXtensible Business Reporting Language) format. This isn’t just a format change—it’s a compliance mandate designed for regulatory clarity and data traceability.
Lekshmi N Iyer & Associates offers end-to-end support for preparing and uploading your XBRL documents, ensuring accuracy, tag compliance, and timely submissions under Companies Act, 2013 norms.
We assist
We also help firms transitioning into XBRL reporting for the first time with comprehensive guidance.
Why This Matters
Incorrect XBRL tagging or structure leads to rejections, penalties, and reputational risks. It’s more than compliance—it’s a digital financial language. With us, you get precise tagging, validation through MCA tools, and hassle-free submissions.
We take care of the format, so you can focus on the financials.
Our Process
Determine Applicability
We assess whether your company qualifies under MCA’s XBRL criteria.Data Extraction
Extract relevant data from audited financials and notes.XBRL Mapping & Tagging
Assign accurate tags as per MCA’s taxonomy.Validation & Pre-Scrutiny
Validate files using MCA software and address any errors.Filing with ROC
Upload final XBRL files to the MCA portal under Forms AOC-4 XBRL or CFS.
What’s Included
Applicability Check
Suppliers have faced many challenges, from production shutdowns and labor strikes to shifts in EV momentum.
Tagging & Mapping
Evaluate criteria based on paid-up capital and turnover.
Validation & Error Check
Run pre-scrutiny tools and correct any schema/instance issues.
Final Filing Support
Upload using valid credentials and assist with acknowledgement.
XBRL Filing FAQs
Common questions about income tax, compliance, and litigation support in India.
Is XBRL filing mandatory for all companies?
No, only companies that meet certain financial thresholds or belong to specific categories need to file in XBRL.
What is the penalty for delayed or non-filing?
Non-filing or incorrect filing can result in penalties under Section 137 of the Companies Act.
Can we convert scanned financials into XBRL?
Not directly. Financials must be structured and mapped into machine-readable formats first.
What if the MCA taxonomy changes?
We stay updated and adjust mapping as per the latest MCA-released taxonomy versions.
