Advance Features of Our XBRL Return Filing Software

SAG InfoTech's XBRL is a boon for professionals dealing with preparation & e filling of balance sheet, profit & loss A/c in XBRL format as per Accounting Standards (AS) and Indian Accounting Standards (IND AS) taxonomy & validation tool of MCA "In just simple 4 steps. The steps including the conversion in simplified four steps are as follows:

• Step 1: Feeding the whole financial data with all relevant Notes and Disclosures in Gen-XBRL utility, available for download with Latest Revised Schedule-III Taxonomy (AS and IND AS).
• Step 2: Converting the XBRL data from our utility into XML file format by our two Products "Gen-Comp Law" & "Gen-XBRL" Software tool with professional(s) assistance.
• Step 3: Validating the data through MCA tool.
• Step 4: An Instance document containing Balance Sheet and Statement of Profit and Loss Account will be generated and ready for e-filing.

"A unique solution for e-filing that helps in creating XBRL sheets, Validating and beyond..." XBRL is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language for transmitting information via the Internet. It was developed specifically to communicate information between businesses and other users of financial information, such as analysts, investors and regulators. XBRL provides a common, electronic format for business reporting. It does not change what is being reported. It only changes how it is reported. XBRL is a world-wide standard, developed by an international, non-profit-making consortium- XBRL International Inc. (XII). XII is made up of hundreds of members, including government agencies, accounting firms, software companies, large and small corporations, academics and business reporting experts. XII has agreed with the basic specifications which define how XBRL works.

XBRL in MCA:- It has been decided by the Ministry of Corporate Affairs, India to mandate certain class of companies to file Balance Sheets and Statement of Profit and Loss AS taxonomy and IND AS taxonomy respectively with effect from F.Y. 2010-11 and F.Y. 2016-17 onwards by using XBRL Taxonomy.

The following classes of companies have to file the Financial Statements (AS Taxonomy) in XBRL e-forms only W.E.F. the F.Y. 2010-2011 onwards:

• All companies listed in India and their subsidiaries, including overseas subsidiaries.
• All companies having a paid up capital of Rs. 5 Crore and above or a Turnover of Rs 100 crore or above.
• Outsourcing to SAG InfoTech for Creation and validation of the XBRL document by our Expert team of Professionals:
• SAG Infotech developed a complete XBRL Conversion Software that has surpassed all the gaps between professionals & software.
• Our software is having expertise in validating XBRL data into the instance document for Balance Sheet & Statement of Profit and Loss using Taxonomy and Business Rules for Commercial and Industrial (C&I) entities that saves your time & laborious hardship.
• A dedicated & hardworking team of professionals (CA/CS) working for MCA launched XBRL filing to generate XBRL document accurately and within time span.
• No need to spend money and time on training of our software.
• The Author of this article provider information about XBRL and tool developed by SAG InfoTech for filing through XBRL software.
• Our Software is updated with the new taxonomy released by MCA department.

Features of Gen CompLaw MCA Filing Software

LLP e-Filing with all the Latest e-Forms.

E-FORMS

We give you all type of forms regarding your company related matters which are as follows.

OTHER FEATURES Of MCA/ROC Software

PROMINENT FEATURES

Generation of various reports:

IMPORT EXPORT FACILITY

SPECIAL FACILITIES FOR USERS

DATABASE MANAGEMENT

Following are the effortless & candid 4 steps by following which we deliver the solution for XBRL –filling:-

• Company law software is now updated with the newly prescribed Companies Act, 2013.
  • Annual filing forms.
  • Compliance related forms.
  • All charges related forms.
  • Director related forms.
  • Company incorporation forms.
  • Informational services forms.
  • Approval services forms.
  • Company registration forms
  • And we also provide you the attachments and sections help of the above-mentioned e forms
  • MOA and AOA of Private and Public Limited Companies.
  • Various kinds of Resolutions (i.e. Ordinary, Special and Board Resolutions) as per the new Companies Act 2013.
  • Notices as per new Companies Act 2013.
  • Formats of Minutes of various meetings (i.e. AGM, EOGM and Board Meeting).
  • Statutory Register formats as per new Companies Act 2013.
  • Various kinds of report generation as per client’s requirements.
  • Compliance Checklist and generation of Compliance Report.
  • Preparation & e–filing of the balance sheet, profit & loss A/c in XBRL format as per taxonomy & validation tool of MCA.
  • Rules, Circulars, Notifications as prescribed by the MCA from time to time.
  • Fixed Assets Register as per new Companies Act, 2013.
  • Form MGT: 7 for preparation of Annual Return.
  • The format of Directors Report as per Companies Act, 2013.
  • Summary Report as on date of the Company.
  • Important web links on a single click (for eg: ICAI, ICWAI, MCA etc)
  • Memorandum and Articles of Association.
  • Resolutions of both the types ordinary and special.
  • Notices for the meeting.
  • Minutes book like the board, AGM and EGM.
  • Annual return [Schedule V]
  • Compliance Certificate generation.
  • Statutory registers.
  • Fixed assets register with depreciation chart as per income tax act and companies act.
  • Debenture registers.
  • Digital signature register.
  • Share certificate.
  • Digital signature registers availability.
  • The user can generate various kinds of Bills and receipts.
  • Scheme forms like EES, FTE and CLSS etc.
  • Penalties - It's a suggestion which gives you the information that according to the section who is liable for the penalty amount of particulars'.
  • Different kinds of reports can be generated according to the users wish:-
  • Company wise
  • Director wise
  • Shareholder wise
  • CA/CS wise
  • Subsidiary company wise.
  • The administrator uses this option to import previous year balance sheet & profit & loss account from form-23AC & 23ACA respectively.
  • The administrator can also import previous year balance sheet & profit & loss account from form-23AC & 23ACA respectively.
  • Facility of the pre-fill company and master data.
  • Facility to import master data from MCA portal.
  • The administrator is having the facility to import auditor’s master-detail from form 23AC.
  • Integration of MCA'S new XBRL Taxonomy conversion with revised schedule VI, validation, Pre-scrutiny & e-filing (Gen-XBRL utility).
  • Special facility for the generation of the PDF files (e-form).
  • To save the time we have the special provision to download all the latest versions of e-forms directly given on the MCA website.
  • The administrator has the facility to create Director, Shareholder, CA, CS relative master which avoids duplicity of data.
  • The administrator has the facility to create masters (resolution, minutes and agreement, etc.) with customization facility which avoids repetition of data.
  • Several resolutions are also available for the purpose other than e-filing.
  • Our software validates the complete e-form.
  • Facility to convert word and excel files into PDF.
  • Special feature of fee calculator.
  • The administrator has option to select authorized signatories from the list of directors authorized to sign the e-form.
  • No. of signatures of the same company can be added under one column for all the authorized signatories who can digitally sign the e-form.
  • The administrator can log in company wise in our software.
  • The administrator has an authority to log directly in the MCA portal in order to upload the e-forms.
  • The administrator has the facility to create backup & restore data of the single company or of complete software.
  • Separate section for Management of LLP Affairs and LLP E-forms
  • Compliance Reminder for timely compliance
  • Compliance Check List
  • Bulk SMS and Email facility
  • Summary Report on all compliance
  • Data Locking facility is available
  • An administrator can maintain telephone directory.
  • An administrator can manage client wise scanned documents & label printing.
  • All India STD codes database
  • PAN/TAN codes & bank branch & BSR codes are available.
  •  
  • Step 1: Feeding the whole financial data with all relevant notes and disclosures in Excel sheet provided by us, to download the latest taxonomy XBRL sheet.
  • Step 2: Converting the XBRL Software sheet into XML file format by our Product "Comp Law" Software tool with professional(s) assistance.
  • Step 3: Validating the data through MCA tool.
  • Step 4: An instance document containing Balance Sheet and Profit and Loss Account will be generated as ready for e-filing.