XBRL Filings
With Firm Registration
- Filed by specified companies
- Get xml and pdf of Financials
- Simple and Secure Online Process
- Dedicated Professional
- Expert CA/CS Advice
- File your ROC XBRL in 4-5 days
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Introduction
XBRL stands for “EXTENSIBLE BUSINESS REPORTING LANGUAGE”. XBRL is a language used for e-communication purpose of financial data and business data for business reporting. This is a standardized communication language in an electronic form used to express, report or file the Financial Statements of Companies incorporated under Companies Act, 2013. It is only a method for presentation or reporting of data.
The Ministry of Corporate Affairs (MCA) provides taxonomy for feeding all the financial as well non-financial data of the company like balance sheet, P&L, Board Reports, CSR Reports and other relevant taggings. XBRL is carried out through a software which helps us in tagging of all financial data electronically as provided in the taxonomy in a systematic manner.
Applicability of XBRL – Financial Statements
- Companies listed with stock exchanges in India and their Indian subsidiaries
- Companies having turnover of one hundred crore rupees or above
- Companies having paid up capital of five crore rupees or above
- All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015
Applicability of XBRL – Cost Audit
Benefits of XBRL Filing
How Does XBRL Works
- Taxonomy :- It contains the description and classification of business as well as the financial terms
- Instance Document:- It is made up of the actual facts and figures
The XBRL documents are together made up of Taxonomy and Instance documents.
This process involves mapping, tagging of documents which are further reviewed, verified to validate the XBRL instance document. The generated documents are further scrutinized through a tool and an xml file is created to file with ROC.
Documents Required
- Audited and adopted Financial Statements of the Company along with the relevant attachments adopted in the Annual General Meeting
- Notice of AGM and Board of Directors Report along with the relevant attachments adopted in the Annual General Meeting
- DSC of authorized Director
Process of XBRL Filing
1. Complete the Application Form
2. Document Processing
3. Reviewing and Validating the documents
4. Preparation and Filing of E-forms with ROC
5. Getting the Compliance done
Get ROC XBRL Annual filings starting from ₹ 7000/-
- Professional Consultation
- Drafting of Documents
- Help in XBRL Tools
- Conversion of Files into XML Format
- Timely Compliance
- Certification of E-Forms by Professionals
- Validation of Instance Documents
- Conversion of XML to PDF
FAQ's on XBRL Filing
No, it is mandatory for the following companied registered under Companies Act, 2013 :-
- companies listed with stock exchanges in India and their Indian subsidiaries;
- companies having paid up capital of five crore rupees or above;
- companies having turnover of one hundred crore rupees or above;
- all companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015
In case of delay in filing the financial statement the following fees is applicable:
| Period of Delay | Additional fee payable |
| Delay beyond the period of thirty days from the date of Annual General Meeting | Rupees 100 per day |
It depends on the number of documents to be filed at MCA Portal and response time of MCA server for validation. It may take around 4 to 5 days to get it done.
The Non-banking financial companies, Housing finance companies and the Companies engaged in the business of Banking and Insurance sector are exempted from the purview of filing of financial statements under XBRL Rules.
NORMAL FEES
The following fees is applicable based on the share capital are as follows:
| Nominal Share Capital | Fee applicable |
| Less than 1,00,000 | Rupees 200 per document |
| 1,00,000 to 4,99,999 | Rupees 300 per document |
| 5,00,000 to 24,99,999 | Rupees 400 per document |
| 25,00,000 to 99,99,999 | Rupees 500 per document |
| 1,00,00,000 or more | Rupees 600 per document |
For the companies not having share capital Rs.200/- per document will be the fees.
| Defaulting Party | Penalty Imposed |
| Company | Rs.1000 for every day of default subject to Max of Rs.10 Lakhs |
| Rs.1 Lakh + Rs.100 for each day of default subject to Max of Rs.5 Lakhs |
No, XBRL is a language used for e-communication purpose of financial data and business data for business reporting. It reflects data accurately reported under different standards and does not change them.
Our team will convert the XML format into pdf format and provide you for your verification.