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XBRL stands for eXtensible Business Reporting Language. XBRL is a tool which helps in analyzing all financial & other technical data in a systematic manner. It’s benefits are seen in automation, cost saving, faster, more reliable and more accurate handling of data, improved analysis and in better quality of information and decision making. XBRL filing is applicable for the following business entities:
- All Indian listed companies and their Indian subsidiaries.
- All companies with paid up capital of rupees Five crore or above
- All companies with turnover of rupees Hundred crore or above.
- All Companies which are covered under (Extensible Business Reporting Language) Rules, 2011 Companies in Banking, Insurance, Power Industries and NBFCs are exempted from XBRL Filing