taxbasexbrl head office: sinewave computer services pvt. ltd. t-22, 3rd floor super mall, salunke...

TaxbaseXBRL

Head Office:

SINEWAVE COMPUTER SERVICES PVT. LTD.

T-22, 3rd Floor Super Mall, Salunke Vihar Road, Wanowrie, Pune 411 040.

Sinewave Computer Services Pvt. Ltd. Taxbase, 04/19/23

What is

XBRL?

XBRL = eXtensible Business Reporting Language. family of "XML" languages standard means of communicating information Developed by international Body XBRL consists of financial facts Increased functionality over traditional reporting formats Enables computers to classify, sort, and analyze Standard way to communicate business Information

Electronically facilitates analysis of Business Information Speedily


Benefits of

XBRL:

Better Faster Cheaper

Accuracy No re-keying Automated

Accessibility Instant user access

Software independent

Analysis More frequent updates

Less effort to use


MCA Mandate – For

Companies Class of Companies that need to file:

(a) All companies listed in India and their Indian Subsidiaries.

(b) All companies having a paid up capital of Rs 5 crore and above.

(c) All companies having a turnover of Rs 100 crore and above.


What is to be

filed

a) Balance sheet Statement

b) Profit and Loss Account

c) Cash Flow Statement

d) Schedules to Balance Sheet and P&L statement

e) Notes to accounts

f) Statement pursuant to Section 212 of Companies Act

g) Auditors Report

h) Directors Report


Instance

Document

What is Instance Document

XML document containing XBRL elements. The financial statementsComprises of Fact, Entity Name, Period, Scale Factor and Unit, and the tag to which information is associated.

Instance Document = Financial Statements + Taxonomy


SCHEMAIt defines all the elements or business concepts contained in taxonomy

LINKBASEThe purpose of XBRL linkbases is to combine labels and references to the concepts as well as define relationships between those concepts.

Contents of

Taxonomy


.

Points to remember while preparingtaxonomy

• Elements should not be duplicated.

• Every element must have a standard label.

• All the attributes of an element must be defined.

• For all monetary data types, the balance type should be Debit or CreditWeight attribute is MUST for any element participating in calculation i.e. +1 or -1.

• Units should have IDs meaningful to a human reader of the instance.

• Every element must have a period type.

• Balance sheet items must have period type as “Instant” and Profit and Loss items “Duration”.

• Debit element cannot be added to a credit element and vice-versa.


This is the first screen which you will get after double clicking on the TAXBASE XBRL icon, where it display the XBRL

database path & Taxbase database path, where your data will be gets stored. The default user name & password will

be stored from the system as “SUPERUSER” this you can change as per your request after installation of the

software. Link is given to update the database of TAXBASE XBRL Software after updation of the software then click

on “OK” to enter in the system.For installing TAXBASE XBRL Softwareyou required to instaled dotnetFramwork 3.5

set up on your cmputer.

Main Page


In this screen it will display the list of

assesses present in your system of

TAXBASEXBRL

This screen is divided into four options

as : S/No.,Assessee Name,PAN & CIN .

On Left Hand Side there are many

options as :

1.General Information

2.Sources & Application of Fund

3.Income Statement(main)

4.Statememnt for cash flow

5.Accounts Flows

6.Generate XML

7.Miscellaneous

XBRL Home Page


1.General Information:

Here you requrired to give an

information about company as:

Company Name,CIN No.,PAN No.

Address .

2. Document Information Of Company

as:

Date of Board meeting ,Period covered

by financial statement, Start of

Reporting period CY & PY (Keep

Reporting period PY Blank in case of

1st

year incorporation .)Nature of report

statement, Description of Presentation

currency, Type of B/S, P&L,&Cash Flow

Statement .

3. Other General Information:

SRN of form 66,Date from which

register of members remained

closed,date till wich register of member

remained closed.

General Information:


4.Principal of product or Services :

Detail principal of product or

services as: No. of product,

Description of Product Services,

Unit measurement of Principal of

product or Services, Turnover,&

Quantity.

General Information:


Here you can give the amount of

respective heads of BS of Current year &

Previous Year in the table.& It has option

of Note , Defination ,Data type& Balance

Type.

On left hand side there are many option

as:

•Source & Application of Funds

•Fixed Assets

•Fixed Assets Net Gross

•Additional Details Balance Sheet

Sources And Application of Fund


In this Screen you can put the amount of share capital under

the respective share capital Head.

In this Screen you can put the amount of Reserves And

Surplus under the respective Reserves And Surplus



In this Screen you can put the amount of Secured

debt under the respective Secured debt .

In this Screen you can put the amount of

UnSecured debt under the respective UnSecured

debt .



In this Screen you can put the amount of Sources

And Application under the respective Sources

And Application .

In this Screen you can put the amount of

Investment under the respective Investment .



Fixed Assets

In this screen you can see the all the

fixed Assets heads as

Additions ,Deduction & Depreciation

etc….for the period of Current year &

Previous year .

After clicking on Go to details you will

see the this screen Cost of Openig

Balance CY , Cost Addition

CY,Deduction CY,Cost of Closing

Balance CY,

Same heads as PY

Same heads as Depreciation CY & PY

Opening ,Additions Deuction & Closing

etc.


In this screen you can see the all the fixed Assets net

amount heads as.for the period of Current year &

Previous year .

After clicking on Go to details you will see the this

screen Cost of Openig Balance CY , Cost Addition

CY,Deduction CY,Cost of Closing Balance CY,

Same heads as PY

Same heads as Depreciation CY & PY

Opening ,Additions Deuction & Closing etc.

Fixed Assets Net Gross


Additional Details – Balance sheet

Here you have option to write note description

of the respective Assets for Cuurent year &

previous year by double clicking on the

respective heads..


This is the main screen of Income Statement

.Here you can write the income received

from respective heads for the current year

and previous year .

On the left hand side there are many options

as :

1.Income Statement(main)

2.Income Stemetn (Alternative)

3.Additional Details Income

4.Details of Goods (Current Year)

5.Details of Goods (Previous year )

6.Details of Raw materials consumed

(Current year)

7.Details of Raw materials consumed

(Previous Year)

Income Statement(Main)


Here you can write the Alternative income

received from respective heads for the current

year and previous year

Income Statement(Alternative)


Here you can write the Additional income received

from respective heads for the current year and

previous year

Additional Details Income


Here you can write the Details of Goods (Current Year

) as:

1.Class of Goods

2.Nature of Goods

3.Value of Goods Sold

4.Quantity of Goods sold

5.Value of Goods Purchased

6.Quantity of Goods Purchased

7.Stock of Goods

8.Quantity of Goods

9.Measuremenet of Goods

Details of Goods (Current Year)


Details of Goods (Previous Year)

Here you can write the Details of Goods (Previous Year )

as:

1.Class of Goods

2.Nature of Goods

3.Value of Goods Sold

4.Quantity of Goods sold

5.Value of Goods Purchased

6.Quantity of Goods Purchased

7.Stock of Goods

8.Quantity of Goods

9.Measuremenet of Goods


Here you can write the Details of Raw

materials consumed (Current Year )

as:

1.Class of Raw materials consumed

2.Nature of Raw materials consumed

3.Value of Raw materials consumed

Sold

4.Quantity of Raw materials

consumed sold


Purchased


consumed Purchased

7.Stock of Raw materials consumed


consumed

9.Measuremenet of Raw materials

consumed

Details of Raw materials consumed (Current Year)


Details of Raw materials consumed (Previous Year)

Here you can write the Details of Raw

materials consumed (Previous Year )

as:

1.Class of Raw materials consumed

2.Nature of Raw materials consumed


Sold

4.Quantity of Raw materials consumed

sold


Purchased


Purchased

7.Stock of Raw materials consumed


9.Measuremenet of Raw materials

consumed


Statement of cash flow Direct Method

Here you can write the Details of cash

transactions of receipts & payments from

which actual cash is transacted named as

Direct method under the respective

heads as:


Here you can write the Details of cash

transactions of receipts & payments

from which actual cash is not

transacted but effect for the same is

shown in BS in directly named as in

Direct method under the respective

heads as:

Statement of cash flow Indirect Method


Accounting Notes

Here you can write the notes by

double clicking on repective head’s

yea note.

e.G If you click on Accounting

Conventions- Current year you will

see the following screen.

Same procedure is for Previous year

note & All respective heads


Same procedure is for Cureent & Previous year note for All respective heads

Accounting Notes


Accounting Notes


In this screen you can generate xml of Balancesheet & Profit & loss account.

Here we are going to generate xml of Profit & Loss Account .Give the respective path to save xml.

Generate XML


Here we will receive the msg of xml file save successfully & will ask for validation.

Generate XML


First step is open MCA 21 validation tool.& open the xml file which was saved .

Generate XML

By selecting the path xml file will ready to validate.After clicking on “open” tab.


After clicking on Open tab you will received the message as Document has been loaded successfully.

Generate XML

Now click on validate option from file to validate xml .


If some errors founds while validating xml it will shown as shown in screen 1

Generate XML

Here are some points given how to interpret errors which is shown in screen 2.


Generate XML


For Proxy Setting you will have to provide the following things:

1.Proxy Host2.Proxy Port3.User Name4.Password

Proxy Settings


•Miscelleous option

•Miscellaneous Dashboard

>> database back up

Miscelleous option

•Miscellaneous Dashboard

>> restore Back up

Miscellaneous


Miscelleous option

•Miscellaneous Dashboard >>

database back up .

You can take a backup by

seleting this option .

Miscellaneous


Miscelleous option

•Miscellaneous Dashboard >> restore

Back up

Miscellaneous


THANK YOU …….

taxbasexbrl head office: sinewave computer services pvt. ltd. t-22, 3rd floor super mall, salunke...

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