In Release 3.7, Tally.ERP 9 is enhanced to support the new Taxonomy elements published by the Ministry of Corporate Affairs. The new Taxonomy elements and various other features are provided in Tally.ERP 9 under the head MCA Reports (2012).
Users can file their Financial Statements for the year 2011-12 using MCA Reports(2012).
However, the MCA Reports (containing the Old Taxonomy Elements) will be still available for usage in the name of MCA Reports(2011) for users to file their Financial Statements for the years previous to 2011-12.
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