XBRL FILING

  • XBRL stands for : eXtensible Business Reporting Language. A XBRL filing is a format of Annual Filing of Companies.

XBRL is applicable to following companies:

  • All Listed Companies
  • Unlisted companies having :
  1. paid-up capital of or more than Rs.5 crore
  2. turnover of or more than Rs.100 crore
  3. companies required to prepare its financial statements as per the Companies (Indian Accounting Standards) Rules, 2015

Exemption from XBRL filing:

XBRL filing is exempt to following companies:

    • Non-banking financial companies
    • Housing finance companies
    • Companies involved in the insurance business and banking sector

CHECKLIST FOR XBRL FILING:

  • Audited Balance Sheet, Profit and Loss Account, Notes to Accounts, CARO report
  • Audited Cash flow statements
  • Details of Related Party Transactions including their PAN, Name, Amount involved, nature of transaction, etc.
  • Detailed schedule of Tangible and Intangible assets of the company, their method of depreciation, useful life of assets and rate of depreciation.
  • Statement of Subsidiaries, if applicable.
  • Boards Report, Auditors Report
  • Consolidated Financial Statements and Holding company details, if applicable

Contact us for expert opinion and complete your annual filings within time.

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