Applicability of XBRL filing All public companies listed in the stock exchange in India and their Indian subsidiaries. All companies with a turnover of Rs 100 crores or more. All companies with a paid up capital of Rs 5 crores or more.
What is XBRL filing?
XBRL is the acronym for Extensible Business Reporting Language. Ministry of Corporate Affairs introduced the concept of XBRL filing of financial statements to ROC by mandating certain class of companies to file balance sheets and profit and loss account for the year 2010-11 onwards by using XBRL taxonomy.
How do I file an annual return in XBRL format?
- Step 1 – Creation of XBRL instance document:
- Step 2 – Download XBRL validation tool from MCA portal.
- Step 3 – Use the tool to validate the instance document.
- Step 4: Perform pre-scrutiny of the validated instance document through the tool.
- Step 5: Attach instance document to the Form 23AC and Form 23ACA.
How do I prepare XBRL financial statements?
Filing Manual
- Step 1 – Creation of XBRL instance document:
- Step 2 – Download XBRL validation tool from MCA portal.
- Step 3 – Use the tool to validate the instance document.
- Step 4: Perform pre-scrutiny of the validated instance document through the tool.
- Step 5: Attach instance document to the Form 23AC and Form 23ACA.
Is ROC date extended?
The ROC’s of every state has issued the order of extension of time for holding AGM by two months. Thus, the due dates for filing Form ADT-1, AOC-4, MGT-7 and MGT-14 are extended by two months since there is an extension for holding AGM for FY 2020-21 by two months.
Is XBRL restricted to financial?
XBRL is used not only in financial reporting but has been used by bank regulators to determine the level of capital adequacy and solvency of financial institutions.
What is XBRL used for?
XBRL, or eXtensible Business Reporting Language, is an XML standard for tagging business and financial reports to increase the transparency and accessibility of business information by using a uniform format.
How can I learn XBRL filing?
If you want to learn about XBRL, I would recommend following these steps:
- Read XBRL for Dummies.
- If you want more detail, read Financial Reporting Using XBRL.
- Get your hands dirty.
- If you need XBRL tools, see this web page.
How do I convert a PDF to XBRL?
PDF to XBRL Conversion
- Send us a sample page of the document you wish to convert to XBRL or iXBRL (via email or our online form)
- We’ll send you a quote for XBRL/iXBRL conversion.
- Once we approve our rate, send us the rest of the document for conversion into XBRL or iXBRL.
How is XBRL used in accounting?
XBRL enables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).
Is there any extension for AGM 2021?
RoC has the power to extend the time within which any AGM (other than the first AGM) be held by a period not exceeding beyond 3 months. Pending application (filed in the form GNL-1) for extension of the AGM for the financial year ended on March 31, 2021, which are yet to be approved.
What is the due date for Dir-3 KYC 2020?
30th September
For Financial year 2019-20 onwards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
What is the due date for XBRL Filing?
XBRL Filing Due Dates for FY 2020-21 Note: “Ministry of Corporate Affairs has extended the last date for filing of e-forms AOC-4, AOC-4 (CFS) AOC-4 XBRL and MGT-7 up to 30th June 2020 for companies having jurisdiction in the UT of Jammu & Kashmir and UT of Ladakh without levy of the additional fee via general circular no.09/2020.”
What is the XBRL format?
XBRL is required by almost all corporate companies to furnish their compliance with the ministry of corporate affairs. As the XBRL format is widely used in corporate companies, it is an encrypted way to share the financial details of the business to the government and has been done through the help of software.
What is MCA XBRL validation tool?
MCA XBRL Validation Tool also provides the ‘human-readable’ pdf version of the XBRL document for ease in authentication and certification of the XBRL document being filed by the company to MCA.
When is the last date for filing e-form-MGT 07?
“The last date for filing E-form-MGT 07 is within 60 days from the date of Annual general Meeting for the F.y 2019-2020” “Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013”.
