Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: form 3cd
 
 
ICAI »
 Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017.
 Admit Cards : CPT June 2017 Examination
 Announcement for next examination of Certificate course on Forex & Treasury Management on 8th and 9th July, 2017.
 Important Clarification on Amendment to Paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements
 Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2017
 Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues.
  Three Days Intensive Class Room Training for IBBI - Limited Insolvency Examinations in two batches at Chennai. Batch-1: 2nd to 4th June, 2017; Batch 2-23rd to 25th June, 2017
 Announcement on Advertising by members in practice engaged in Coaching/Teaching Activities
 Constitution of Group related to all issues of Bank Audit including reduction in SCAs Cooling Period, distribution of Bank Branch Audit
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 9
 Announcement - For the attention of candidates appearing in CA exams at exam centres in Tamil Nadu.

Filing of Balance Sheet and Profit and Loss Account in Extensible Business Reporting Language (XBRL) Mode for financial year commencing on or after
July, 19th 2012
                                                             General Circular No. 16/ 2012

                                     No. 17/ 161/ 2012-CL-V
                                       Government of India
                                   Ministry of Corporate Affairs
                                               ******
                                                                   5 th Floor, Shastri Bhawan,
                                                                           New Delhi 110001.

                                                                        Dat ed:   July 6, 2012

To

             All Regional Direct ors
             All Regist rars of Companies


Subj ect :- Filing of Balance Sheet and Profit and Loss Account in Ext ensible Business
            Report ing Language (XBRL) Mode for financial year commencing on or aft er
            1.4.2011.

Sir,
       Vide Companies (Filing of document s and forms             in Ext ensible Business
Report ing Language) Rules, 2011 not ified vide GSR No. 748E dat ed 5.10.2011, select
class of companies are required t o file t heir Balance Sheet and Profit & Loss Account
and ot her document s as required u/ s 220 of Companies Act , 1956 wit h t he Regist rar
of Companies for t he financial year ending on or aft er 31st March, 2011.





2.      It has now been decided by t he Minist ry t o mandat e t he following select class
of companies t o file t heir Balance Sheet and Profit & Loss Account in XBRL mode for
t he financial year commencing on or aft er 1.4.2011 :


       (i)     all companies list ed wit h any St ock Exchange(s) in India and t heir Indian
               subsidiaries; or

       (ii) all companies having paid up capit al of Rupees five crore and above; or

       (iii) all companies having t urnover of Rupees one hundred crore and above; or

       (i) all companies who were required t o file t heir financial st at ement s for FY
              2010-11, using XBRL mode.

             However, banking companies, insurance companies, power companies and
       Non-Banking Financial Companies (NBFCs) are exempt ed from XBRL filing t ill
       furt her orders.
                                             -2-


3.      The applicable t axonomy as per Schedule VI of t he Companies Act , 1956 has
already been placed on t he Minist ry' s websit e www.mca.gov.in . The Business Rules,
validat ion t ools, et c. required for preparing t he financial st at ement s in XBRL format ,
as per t he revised Schedule-VI and Account ing St andards, are under preparat ion and
would soon be made available by t he Minist ry. The act ual dat e for enabling XBRL
filing will be int imat ed separat ely.


4.     Additional Fee Exemption: All companies referred t o in Para-2 above, will
be allowed t o file t heir financial st at ement s in XBRL mode wit hout any addit ional
fee/ penalt y upt o 15h November, 2012 or wit hin 30 days from t he dat e of t heir AGM,
whichever is lat er.





5.      Training Requirement : St akeholders are advised t o visit t he Minist ry' s websit e
www.mca.gov.in/ XBRL/ index.ht ml regularly t o have t raining in XBRL on t axonomy
relat ed issues.


                                                                            Yours fait hfully,


                                                                             (Sanj ay Shorey)
                                                                               Joint Direct or
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions