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Xbrl fy 2011-12 late filing fees

Amit Kumar Verma (CA Final CS Professional) (501 Points)

14 January 2013

Hi Members,

Can anyone tell me what would be late filing fees in case Form 23AC and 23ACA - XBRL for FY 2011-12 is not filed withing due date i.e. 15th Jan, 2013.

Thanks

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8 Replies

Sneha (Company Secretary) (1594 Points)
Replied 14 January 2013

For next 30days the additional fees will be twice the actual filing fees. If the actual filing fees is Rs. 500 then the fees for delay upto next 30days will be Rs 1500. Find attached the circular for addition filing fees.

Attached File : 473053 1116180 additional fees.pdf downloaded: 827 times

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Amit Kumar Verma (CA Final CS Professional) (501 Points)
Replied 14 January 2013

Thankyou for your reply Sneha.

But last year, Late fees for form 23AC and ACA - XBRL was imposed from the actual due date of filing of the form and the extended due date was not considered for payment of additional fees.

Is there any such notification this year also?

Whether late fees will have to be paid from the actual due date of filing or extended due date of filing.

Thanks..

Sneha (Company Secretary) (1594 Points)
Replied 14 January 2013

MCA: Time limit to file the Financial Statements in XBRL mode has been extended upto 15th January, 2013 (Circular No. 39/2012 dated 12.12.2012)

The Time limit to file the Financial Statements in XBRL mode without any additional fees/penalty has been extended upto 15th January, 2013 or within 30 days from the date of AGM of the Company, whichever is later.

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 14 January 2013

Amit ji,

Yes, the late fee shall be calculated from the actual due date of filing and not from the extended due date as provided by Ministry. The additional fee shall be as per Schedule X and w.e.f. actual due date of filing.

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Amit Kumar Verma (CA Final CS Professional) (501 Points)
Replied 15 January 2013

Thankyou Mr. Ankur for your reply. But will you please explain how this interpretation has been made and why late fee is being charged from the actual due date??

Thanks..

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 15 January 2013

Late fee will be charged w.e.f. the actual due date. Date has been extended for the convenience of the Stake holders and after expiry of such extended time, the status will become normal and fees shall be charged as per schedule X.

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