XBRL- “EXTENSIBLE BUSINESS REPORTING LANGUAGE”:
- XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world.
- It provides major benefits in the preparation, analysis and communication of business information.
- It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.
- XBRL stands for extensible Business Reporting Language.
- It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world.
The Class of Companies that are required to File (Company Annual Filing) Financial Statements in XBRL FILING Mode:
- All corporations listed with Stock Exchanges in India and their Indian Subsidiaries regardless of their capital or turnover.
- All corporations having paid-up share capital of Rs. 5cr and above.
- All corporations having a turnover of Rs. 100cr and above.
- All companies need to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015.
Read more: XBRL filing in India.
Due date for XBRL filing:
Form AOC 4 (XBRL Filing) shall be filed within the 30 days of the AGM. Also Form AOC 4 (XBRL Filing) for Annual accounts based on Indian Accounting Standard in XBRL mode needs to be filed within 30 days from the AGM.

Penalty and Late filing fees for XBRL Filing:
Additional fees for late filing of AOC 4 in XBRL
|
Period of Delay
|
Additional fee payable
|
Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC-4 (within thirty days of the date of annual general meeting)
|
Rs. 100 per day
|
Penalty for non-filing of Form AOC-4 in XBRL
|
Defaulting Party
|
Penalty Imposed
|
Company
|
Rs. 1000 for every day of default subject to maximum of Rs. 10 lakhs
|
Managing Director/ Chief Financial Officer or In case of the absence of the Managing Director/ Chief Financial Officer – Any other Director who the Board assigns the responsibility or In case of the absence of any such Director – All directors of the company
|
Rs. 1 lakh + Rs. 100 per day for continuing default subject to maximum of Rs. 5 lakhs
|
Complete your Company Annual Filing with Ebizfiling.com and stay compliant.
Why Ebizfiling as Service Provider for Your filing your Annual filing forms in XBRL format?
Entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for XBRL filing/ Company Compliance / ROC Compliance and filing and entire gamut of Professional and advisory services in India. EbizFiling has also come up with E-Retainer Concept, which is more than just Virtual CFO Services. Our Retainership Packages will absolve you of all worries of taking care of book-keeping, returns filing, advisory, HR, Payroll, Vendor Management and many other legal compliances. You may get in touch with our compliance manager on 09643203209 or email at info@ebizfiling.com for free consultation and to know more about the services provided by us.