Filling in XBRL for Financial Year 2010-2011 made mandatory by MCA for listed Company or Company with paid up of Rupees 5 crore & above or a turnover of Rupees 100 Crore or above.
It has been decided by Ministry of Corporate Affairs to mandate listed companies and all companies having a paid up capital of Rs. 5 crore and above or a turnover of Rs. 100 crore or above to file balance sheets and profit & loss account for the year 2010-11 onwards by using XBRL taxonomy. The Financial Statements required to be filed in XBRL format would be based upon the Taxonomy on XBRL developed for the existing Schedule VI, as per the existing, (non converged) Accounting Standards notified under the Companies (Accounting Standard) Rules, 2006.
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