Following steps need to be followed for successful XBRL filing

Step for AOC-4 XBRL filing

Ø  Start with the company’s financial statements.

Ø  Map Company’s each financial Element to a corresponding element in published taxonomy.

Ø  Create the instance document- It involves tagging the XBRL taxonomy elements with different accounting heads in the books of accounts of the company

Ø  Check and verify the instance document- Once the document is prepared it need to be verified so that all the information has been correctly captured and is a valid instance document.

Ø  Download XBRL validation tool from MCA Portal

Ø  Use the tool to validate the instance document- The validation shall be done as per the latest and correct version of taxonomy prescribed by MCA

Ø  Perform Pre- Scrutiny of the validated instance document through the tool- A working internet connection is mandatory to perform this step.

Ø  Attach the instance document to Form AOC-04 XBRL - Separate instance documents need to be attached with respect to Standalone Financial statements and consolidated financial statements

Ø  Uploading Form AOC-04 XBRL on the MCA Portal.