Filing of BS & P&L Account in eXtensible Business Reporting Language (XBRL) mode



The Ministry Of Corporate Affairs in supersession ofits Circular no.9/2011 dated 31.03.2011 and 25/2011 dated 12.05.2011, has mandated today thatcertain class of companies are required to file Balance sheets and Profit and loss Account along with Directors and Auditors Report for the year 2010-11 onwards by using XBRL taxonomy. The Taxonomy Business Rules, Validity tools etc required for preparation the above documents in XBRL format as the existing Schedule VI and Accounting Standards noti
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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