The MCA has hinted at (expected Q4 2025) which will introduce:
The tool validates specific carve-outs and exceptions provided under the Companies Act. For instance, it checks if specific exemptions availed by Small Companies or One Person Companies are tagged appropriately. mca xbrl validation tool version 48 hot
The tool generates an XBRL_Validation_Report.pdf . Save this as proof of compliance if audited later. The MCA has hinted at (expected Q4 2025)
Note: Always verify the specific "ReadMe" file accompanying the tool download on the official MCA website for the exact technical changelog. Save this as proof of compliance if audited later
The revised Schedule III (applicable from FY 2023-24) demands additional granularity. Version 48 Hot now validates:
| Feature | Versions 45-47 | Version 48 Standard | | |---------|---------------|--------------------|--------------------| | Supports Ind AS 117 | No (partial in v47) | Yes (beta) | Yes (stable) | | Schedule III 2024 changes | No | Basic | Full compliance | | Error message clarity | Cryptic codes | Improved | Human-readable + line number | | Handling of rounding differences | Strict >0% | 0.005% tolerance | 0.01% tolerance | | Validation for CSR amendments | No | Partial | Complete (including COVID infra) | | Known bugs | Many | Memory leak | None reported (as of date) |