XBRL Filing

XBRL (eXtensible Business Reporting Language) filing refers to the submission of financial statements and other reports in a standardized electronic format prescribed by the Ministry of Corporate Affairs (MCA) in India. The purpose of XBRL is to make financial data more transparent, consistent, and easily analyzable by regulators, investors, and other stakeholders. It enables automation in data collection and analysis, ensuring accuracy and comparability across companies.

Companies that fall under specific categories—such as listed companies, companies with a paid-up capital of ₹5 crore or more, or a turnover of ₹100 crore or more—are required to file their annual financial statements (Balance Sheet, Profit and Loss Account, Cash Flow Statement, and related notes) in XBRL format through the MCA portal.

Example: A listed company prepares its annual financial statements for FY 2024–25 and files the Balance Sheet and Profit & Loss Account in XBRL format using the MCA-provided taxonomy