MCA's Fresh Mandate on Filing of Balance Sheet and Profit and Loss Account in Extensible Businessreporting Language (XBRL) Mode

Last updated: 18 July 2012

The Ministry of Corporate Affairs has decided to further mandate the following select class of companies to file their Balance Sheet and Profit Loss Account in XBRL mode for the financial year commencing on or after 1.4.2011 : (i) all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or (ii) all companies having paid up capital of Rupees five crore and above; or (iii) all companies having turnover of Rupees one hundred crore and above; or
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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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