Xbrl applicability in case of pvt.ltd

The MCA vide general circular no 37/2011, dated 7-6-2011 has mandated the following class of companies to file financial statements in XBRL format for FY 2010-11:

1) All companies listed in India and their Indian subsidiaries

2) All companies having a paid up capital of Rs.5 crore and above

3) All companies having a turnover of Rs.100 crore and above.

Thus if  a private ltd company falls under category 2 or 3,  i.e. if it has paid up capital of Rs 5 crore and above, or if has turnover of Rs 100 crore and above, the pvt ltd company should file its financial statment in XBRL format only.

Agree with the view of Learned Member.

If any company falls in any of the specified 3 categories, it has to file its Balance Seet in XBRL form, whether it is private or public Company.

As per the third category ( All companies having a turnover of Rs. 100 crore and above), the company needs to file its financials in XBRL Form ...

What comes under the term of TURNOVER?

i guess it is Sales as mentioned in the P/L account of the current year