XBRL is a standardized communication language in electronic form to express, report or file a financial statements by a Companies. XBRL is only a method of presentation or reporting. It does not attempt to make any changes in the content to be reported. 

XBRLenables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).

Below mentioned class of companies shall file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-form AOC-4 XBRL:

• All public companies listed in a stock exchange in      India and their Indian subsidiaries.
• All companies with a turnover of Rs 100 crores or more
• All companies with a paid up capital of Rs 5 crores or      more.

Care Corporates Dedicated Team Will Assist to file the Returns and follow all the compliances

XBRL, also known as eXtensible Business Reporting Language, is an open standard reporting language that was introduced with the intention of improving the quality of financial data reporting.

It is a form of extensible markup language (XML) that is used across the globe today, and millions of XBRL documents are created each year.

As a result, there are a wide number of regulators who have adopted XBRL over the past decade, including countries such as the UK and the US, and its popularity shows no signs of stopping over the coming years.

Below are just some of the reasons why XBRL is beneficial as a reporting language.