XBRL Filing
XBRL Filing Services in Gujarat
About XBRL Filing XBRL (Extensible Business Reporting Language) is a standardized language used for the electronic communication of business and financial data. It has revolutionized financial reporting by enhancing efficiency, accuracy, and reliability. In India, the Ministry of Corporate Affairs (MCA) mandates the filing of financial statements in Form AOC 4 using the XBRL format.
L & C TechFin Advisory Pvt Ltd specializes in providing seamless XBRL filing services in Gujarat, ensuring compliance with all regulatory requirements.
Importance of XBRL Filing
Every company is required to disclose its financial status to stakeholders through financial statements, board reports, and auditor reports. XBRL filing in Form AOC 4 ensures structured and transparent financial communication between companies and regulatory bodies.
Companies filing consolidated financial statements must use Form AOC 4 CFS for XBRL submissions. The process has been mandatory for specific categories of companies since 2010-11.
Who Must File XBRL?
The following categories of companies are required to file their balance sheet and profit & loss statements using XBRL:
Public companies listed on stock exchanges in India and their Indian subsidiaries.
Companies required to prepare financial statements under the Companies Rules, 2015.
Companies with an annual turnover of INR 100 crores or more.
Companies with a paid-up capital of INR 5 crores or more.
Exempted Companies:
Housing finance companies.
Non-banking financial companies (NBFCs).
Companies engaged in banking and insurance businesses.
However, companies that have previously filed financial statements in XBRL must continue filing, even if they are no longer required to do so under the eligibility criteria.
XBRL Filing Provisions Under the Companies Act, 2013
| Scenario | Filing Requirement |
|---|---|
| Financial statements approved at AGM | File within 30 days from the AGM date. |
| Financial statements not adopted | File within 30 days (considered provisional until adoption). |
| No AGM held | File within 30 days with reasons for non-conduction of AGM. |
For One Person Companies (OPC), the filing deadline is 180 days from the financial year-end.
Documents Required for XBRL Filing
Balance Sheet
Profit & Loss Statement
Cash Flow Statement
Notes to Accounts
Audit Report and Annual Report
Schedules related to Balance Sheet and Profit & Loss Statement
Statement under Section 212 of the Companies Act (for subsidiaries)
Certification Requirements
A company’s CEO, CFO, Director, Secretary, or Manager must certify that the information provided in Form AOC 4 (XBRL) is accurate. The certification must be digitally signed using the Director’s DIN or the PAN of the Manager/CEO/CFO.
Additionally, a practicing Chartered Accountant, Company Secretary, or Cost Accountant must verify and certify the correctness of the documents. The professional must include their membership number and status (Associate/Fellow) in the certification.
Government Fees for XBRL Filing
| Nominal Share Capital | Filing Fee (Per Document) |
| Below INR 1,00,000 | INR 200 |
| INR 1,00,000 – 4,99,999 | INR 300 |
| INR 5,00,000 – 24,99,999 | INR 400 |
| INR 25,00,000 – 99,99,999 | INR 500 |
| INR 1,00,00,000 or more | INR 600 |
For companies without share capital, the fee is INR 200 per document.
XBRL Filing Deadlines for FY 2023-24
| Form | Purpose | Due Date |
| Form AOC-4 (XBRL) | Filing of annual financial statements | 29/10/2024 |
| Form AOC-4 (XBRL) for IND AS | Filing under Indian Accounting Standards | 29/10/2024 |
| Form CRA-4 | Filing of cost audit report | 30 days from receipt of report |
| Form AOC-4 (NBFC IND) & AOC-4 CFS (NBFC IND) | Filing of financial statements for NBFCs | 29/10/2024 |
Why Choose L & C TechFin Advisory Pvt Ltd for XBRL Filing in Gujarat?
Expert Consultation: Professional guidance from financial experts.
Hassle-Free Filing: End-to-end assistance in document preparation and submission.
Compliance Assurance: Ensuring adherence to MCA norms and deadlines.
Confidential & Secure: Handling sensitive financial data with utmost security.
Cost-Effective Solutions: Affordable and customized service packages.
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