XBRL stands for "EXTENSIBLE BUSINESS REPORTING LANGUAGE".
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XBRL stands for "EXTENSIBLE BUSINESS REPORTING LANGUAGE". XBRL is a language used for e-communication purpose of financial data and business data for business reporting. This is a standardized communication language in an electronic form used to express, report or file the Financial Statements of Companies incorporated under Companies Act, 2013. It is only a method for presentation or reporting of data. The Ministry of Corporate Affairs (MCA) provides taxonomy for feeding all the financial as well non-financial data of the company like balance sheet, P&L, Board Reports, CSR Reports and other relevant taggings. XBRL is carried out through a software which helps us in tagging of all financial data electronically as provided in the taxonomy in a systematic manner. XBRL filing is done for filing the annual financial statements and Cost Audit Reports with the Registrar of Companies. It is applicable to certain specified companies which we are going to describe later on this page. Legal Window has a team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to XBRL Filing. You may get in touch with our team on 072407-51000 or email [email protected].
As per Companies Act, 2013, the following class of companies shall file their financial statements and other documents in XBRL form:-
Companies listed with stock exchanges in India and their Indian subsidiaries
Companies having paid up capital of five crore rupees or above
Companies having turnover of one hundred crore rupees or above
All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015
The Non-banking financial companies, Housing finance companies and the Companies engaged in the business of Banking and Insurance sector are exempted from the purview of filing of financial statements under these rules
As per the Companies Act, 2013 Companies covered under the Companies (Cost Records and Audit) Rules, 2014 have to furnish the cost audit report and other applicable documents in XBRL Form.
In XBRL the data can be made in a readable form with the help of two documents:
It contains the description and classification of business as well as the financial terms.
It is made up of the actual facts and figures. The XBRL documents are together made up of Taxonomy and Instance documents. This process involves mapping, tagging of documents which are further reviewed, verified to validate the XBRL instance document. The generated documents are further scrutinized through a tool and an xml file is created to file with ROC.
You are requested to first fill the simple questionnaire provided by our expert team.
At the second step we will be requiring the documents as stated above in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for further processing and will also decide the due date of filing the same.
At this step we carry out various steps like mapping of documents, tagging the same and which shall be further verified and validated with the help of XBRL tools by our experts team before submission.
This is the fourth step we will prepare the E-forms AOC-4 XBRL/CRA-4 and upload the same on the portal of the Ministry of Corporate Affairs on your behalf in the XML form specified.
The status of the form along with the challan generated online will be shared with you on the earliest basis specifying that the compliance has been made.
The dates are subjective to change as per the Financial Year.
| Name of E-form | Due Date of Filing | Due Date for FY 26-27 |
|---|---|---|
| AOC-4 XBRL | 30 days from the conclusion of AGM | 29th October, 2027 |
| CRA-4 | 30 days from the receipt of cost audit report | 30 days from the receipt of cost audit report |
The dates are subjective to change as per the Financial Year.
| Name of E-form | Due Date of Filing | Due Date for FY 25-26 |
|---|---|---|
| AOC-4 XBRL | 30 days from the conclusion of AGM | 29th October, 2026 |
| CRA-4 | 30 days from the receipt of cost audit report | 30 days from the receipt of cost audit report |
| Period of Delay | Additional fee payable |
|---|---|
| Delay beyond the period of thirty days from the date of Annual General Meeting | Rs. 100 per day |
| Nominal Share Capital | Fee applicable |
|---|---|
| Less than Rs. 1,00,000 | Rs. 200 per document |
| Rs. 1,00,000 to Rs. 4,99,999 | Rs. 300 per document |
| Rs. 5,00,000 to Rs. 24,99,999 | Rs. 400 per document |
| Rs. 25,00,000 to Rs. 99,99,999 | Rs. 500 per document |
| Rs. 1,00,00,000 or more | Rs. 600 per document |
| Defaulting Party | Penalty Imposed |
|---|---|
| Company | Rs. 1000 for every day of default subject to Max of Rs. 10 Lakhs |
| Managing Director/Chief Financial Officer; In case of the absence of the Managing Director/Chief Financial Officer then the any other Director who the Board assigns the responsibility; In case of the absence of any of such Director then all directors of the company | Rs. 1 Lakh + Rs. 100 for each day of default subject to Max of Rs. 5 Lakhs |
