Go AD-Free with CAclubindia PRO for Rs 167/Month Only. Subscribe Now!

Xbrl financial statements 2015 validation problems

others 541 views 1 replies

venkateswararao

company secretary

30 Points Joined October 2015

I am using sensys XBRL software for filing financial statements 2015. Initial validation successful. After generating X M L file and while validating with MCA Tool the following errors are shown:

1. Break up value of tangible assets carrying amount shall be equal to the difference of gross carrying amount and accumulated depreceation amount as on date 31-03-2015 as well as 31-03-2014.

2. Element Nature of other tangible assets is not present for 31-03-2015 and for 31-03-2014.

But acctually there is no mitakes all the values are tallied and correct and also data entered in the tangible assets table in the field of Nature of other tangible assets for other tangible assets.

Please provide solution how to rectify the above errors,.

Replies (1)

Vikas Gupta

Tax Executive

530 Points Joined July 2012

Have you done this -- 1. Sum up the total gross value of tangible assests XXXX Less: Depreciation during the year OR Accumulated Dep. XXX Net Tangible Assets XXXX [Point to be noted, while validating through XBRL tool, the value of the above may effect even if there is a paisa difference} 2. For other tangible assets, be sure that you are choosing Other Tangible Assets from drop down list because it may show error if you manually type the word 'other tangible assets' instead of choosing it from the list.