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XBRL Filing for Companies - An Overview

XBRL filing for companies is an electronic reporting of financial and business data. It helps regulatory bodies in analyzing, preparing, and communicating business data in a uniform mode for compliance and ease.

It is a computer program that reads, analyzes, and compares the data through an automated system. In simple words, companies with a paid-up capital of INR 5 crore or an annual turnover of INR 100 crore submit financial statements electronically through a prescribed digital format.

At Corpbiz, our experts will help you prepare your balance sheet, profit & loss statements, and cash flow statements, map them to MCA’s taxonomy, validate the instance document, file the AOC4 Form, and assist with ongoing compliance.

XBRL Filing for Companies
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Understanding XBRL Taxonomy and Instance Document

An XBRL taxonomy includes basic XBRL properties, definitions of data, and the inter-relationship between all the financial concepts. It is like an online dictionary that covers various business, definitional, and mathematical concepts for financial reporting across systems, industries, and jurisdictions in multiple languages.

Before submitting the XBRL MCA filing, all eligible companies must map their financial statements using the MCA-prescribed taxonomy to generate an accurate XBRL instance document. The mapping procedure consists of matching the fiscal concepts with corresponding terms in the taxonomy. Such information, namely the timeline of data, unit of measurement, or scale of reporting, should be included in the instance document.

The instance document is a financial report in a digital format formulated as per the XBRL rules. It includes the facts as defined by the XBRL taxonomy components with explanations. It defines the financial terms, labels, references, and context.

The company is responsible for creating the financial statements and getting them approved by its board of directors before validating them against the XBRL format. The authorized person must have a valid Digital Signature Certificate to submit the document with the Form AOC-4 XBRL to the Ministry of Corporate Affairs (MCA).

What is XBRL MCA Filing?

What is XBRL MCA Filing?

As mandated by the Ministry of Corporate Affairs (MCA), specific companies must submit financial statements to the Registrar of Companies (ROC) through the formal online portal in E-Form AOC-4 XBRL format. XBRL MCA Filing or submission must be in accordance with the Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules of 2011 and 2017.

Seeking expert-led support for XBRL MCA Filing? Consult professionals at Corpbiz today!

What are the Benefits of XBRL Filing for Companies?

The benefits of XBRL filing for companies include higher accuracy, cost-effectiveness, and enhanced internal governance.

Benefits of XBRL Filing for Companies
Limited Liability Protection

Faster Data Analysis

The XBRL reporting enables companies to prepare reports through automation, eliminating errors through manual input.

Increased Transparency

Increased Transparency

With XBRL MCA filing, financial reporting is more enhanced and transparent, motivating investors to invest their money wisely.

Easy Compatibility

Easy Compatibility

With consistent and uniform reporting, the regulators and investors can easily compare financial data across various subsidiaries and jurisdictions. It is one of the key benefits of XBRL filing.

Improved Decision Making

Improved Decision Making

Investors and stakeholders can make sound and informed decisions for purposes such as business expansion and restructuring.

Cost-Effective Information Processing

Cost-Effective Information Processing

The MCA can process and analyze the financial data more effectively through XBRL filing for companies.

What are the Requirements for XBRL Filing for Companies?

The requirements for XBRL filing for companies include compliance, IT infrastructure, and documentation.

  • All the eligible companies must prepare financial statements as per the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS).
  • Financial statements, such as balance sheets, profit & loss statements, cash flow statements, and expense reports
  • All the financial elements or components must be mapped/matched as per the Ministry of Corporate Affairs (MCA)’s XBRL taxonomy for ease.
  • An instance document must be generated after mapping.
  • The document must be validated through a tool available on the MCA’s portal to ensure compatibility.
  • The instance document must be verified before submission.
  • e-Form AOC-4 is required for completing the XBRL filing obligation.
  • A digital signature certificate (DSC) of the authorized signatory.

Checklist: Who Must File XBRL MCA Filing?

  • Public limited company listed on the stock exchange.
  • Any public or private corporation with a paid-up capital of INR 5 crore and above.
  • Subsidiaries of public limited companies that are listed on the stock exchange.
  • Companies, including private and public, with an annual turnover of INR 100 crore and above.
company registration documents

What are the Documents Required for XBRL Filing for Companies?

The documents required for XBRL filing for companies are as follows:

  • Permanent Account Number (PAN)
  • Balance Sheet
  • Profit and Loss Account with Notes
  • Cash Flow Statements
  • Statement of Change in Equity (if any)
  • Reports by the Board of Directors and the Independent Auditors
  • Statement of Subsidiaries in Form AOC, if applicable
  • Consolidated Financial Statements
  • Corporate Social Responsibility Report, if applicable
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How to Submit XBRL Reporting with Corpbiz?

Go through the following step-by-step procedure to submit the XBRL reporting with Corpbiz’s expert guidance:

How to Submit XBRL Reporting with Corpbiz?

Contact Us

Contact us and understand your XBRL filing obligations in accordance with the Ministry of Corporate Affairs (MCA) through a 30-minute free consultation.

Prepare Financial Statements

We’ll prepare your balance sheets, profit & loss accounts, cash-flow statements, expense reports, and directors’ reports on your behalf.

Understand and MAP Financial Elements

Our forensic finance associates will use an MCA-approved software in order to map each financial component of your statements as per the MCA taxonomy.

Create the XBRL Instance Document

We’ll help you generate an XBRL document that consists of financial data and information after mapping your financial statements as per the MCA XBRL rules.

Validate the Instance Document

Our experts will assist you in downloading the XBRL validation tool through the Ministry of Corporate Affairs (MCA) portal to validate the document and ensure compliance with the taxonomy rules.

Scrutinize the Document

We’ll use the validation tool to verify your document. This step involves server-side checks with the MCA21 system.

Generate the PDF

Our associates will generate the instance document into a readable version of PDF before attaching the same to the AOC-4 XBRL.

Attach the Document to Form AOC-4 XBRL

We’ll log in to the Ministry of Corporate Affairs (MCA) portal to file the AOC-4 XBRL form with a supporting and scrutinized instance document.

Submit the Form via DSC

Once we’ve attached the document and completed the AOC-4, we’ll submit the XBRL MCA filing document through a digital signature certificate of an authorized signatory.

Track Your Status

Once you’ve submitted the form, you’ll receive an acknowledgement that will help you track the status of your return filing.

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What are the Features of XBRL Filing for Companies?

The main features of XBRL filing for companies include automated data readability, standardization of information collection, and consistent processing in multiple languages.

Features of XBRL Filing for Companies
  • Mandatory reporting for specific companies with INR 5 crore paid-up capital or INR 100 crore & above annual turnover by the Ministry of Corporate Affairs (MCA).
  • The XBRL MCA filing is an online format that supports financial reporting to promote consistency across various companies and jurisdictions.
  • Companies are required to use the MCA’s prescribed taxonomy before XBRL filing in India.
  • Each component/element of a financial statement, including balance sheets, profit & loss accounts, cash-flow statements, expense reports, and income statements, is tagged to data labels, as standardized by the MCA.
  • The process reduces errors through automation and the elimination of manual data entry.
  • The data is used for analysis by investors and stakeholders for decision-making and strategic planning.
  • The XBRL filing for companies helps them to ensure transparency in the internal governance of the business.
  • It can be used for various types of statutory regulations and multiple reporting mandates.
  • The XBRL reporting helps businesses to conduct faster audits and assessments.
  • The XBRL filing is cost-effective, which reduces manual workload and regulatory errors.
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What are the Penalties for Non-Compliance with XBRL Reporting?

If a company fails to submit the return within the prescribed deadlines, as mandated by the Ministry of Corporate Affairs (MCA), then the latter will levy penalties and fines for the said non-compliance with XBRL reporting:

  • An INR 10,000 fine and a maximum INR 50,000 for the late submission of the XBRL filing or incorrect/incomplete reporting.
  • In case of subsequent failure and delay, an additional INR 100 per day will be levied against the defaulting company.
  • If the non-compliance persists, then the MCA will levy a penalty of up to INR 2 Lakhs.
  • All directors, the chief financial officer, managing director, or any other person of responsibility, as authorized by the company’s board of directors, must pay the penalty in the manner prescribed by the MCA.
Penalties for Non-Compliance with XBRL Reporting
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Why Trust Corpbiz for XBRL MCA Filing?

No Hidden Charges

No Hidden Charges

We have a 100% transparent pricing structure- with no additional or hidden charges for XBRL reporting.

EMI Available

EMI Available

Access our services at anytime, anywhere via EMI with leading banks.

Real Time Updates

Real Time Updates

Get live tracking status of your service request- monitor compliance easily and avoid penalties.

Available 24/7- Uninterrupted Supported

Available 24/7- Uninterrupted Supported

Our customer executives are available 24/7 to answer all your queries.

Proven Record

Proven Record

We have proven experience of more than 10 years as a business compliance service provider.

End-to-End Support

End-to-End Support

From the preparation of financial statements and creation of instance document to verification/validation of document and filing of AOC-4 XBRL, we’re there for you from start to end.

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Frequently Asked Questions on XBRL Reporting for Companies

It is a digital format used for financial reporting based on XML. The format supports a standardized and consistent way of tagging and mapping financial information through an automated system, eliminating errors and ensuring data accuracy.

The documentation requirements for filing the XBRL reporting are as follows:
  • Financial statements, such as balance sheets, P&L accounts, and expense reports.
  • Cash flow statements
  • Reports by the board of directors and independent auditors.
  • The corporate social responsibility (CSR) report of the company
  • Digital signature certificate (DSC) of the director or promoter.
  • Financial statements of the subsidiary company.

The step-by-step procedure for XBRL reporting is as follows:
  • Preparation of financial statements by a certified Chartered Accountant.
  • Downloading the MCA-approved taxonomy for initiating the mapping procedure.
  • Mapping of the financial data through the XBRL software against the corresponding elements of the published taxonomy.
  • Creation of the XBRL instance document.
  • Validation of the instance document through the approved tool as provided by the MCA’s portal.
  • Attach the document with the AOC-4 XBRL MCA filing form for final submission.
  • Sign the form with a digital signature certificate (DSC).
  • Receive the acknowledgement on your registered email.

The companies defaulting on the filing by the prescribed due date or filing one with incorrect or incomplete information are fined INR 10,000 in addition to INR 100 per day if the noncompliance continues and isn’t resolved by the mandated timeline. An INR 10,000, which can go up to INR 50,000, is levied on the defaulting managing director, director, promoter, or officer-in-charge, as installed by the board of directors. The total fine can go up to INR 2 Lakhs.

The due date for XBRL filing depends on the company’s conclusion of the Annual General Meeting (AGM). The standard AOC-4 (XBRL) is filed after 30 days of the said meeting. The standard filing date is October 30 for the year ending April-March.

The following list of registered companies under the Companies Act of 2013 should report XBRL filing in India in accordance with the Companies (Indian Accounting Standards) Rules (Ind-AS):
  • All public limited corporations as listed on the Indian stock exchange, along with their subsidiaries, if any.
  • Any legal entity with a paid-up capital of INR 5 crore or more.
  • A company with an annual turnover of INR 100 crore or above.

Yes, the eXtensible business reporting language (XBRL) is mandatory for specific companies with certain thresholds of paid-up capital and turnover as mandated by the Ministry of Corporate Affairs (MCA).

Housing finance companies, non-banking financial companies, banking, and insurance companies are not required to submit the XBRL reports.

The CA and cost accountants use the XBRL to prepare, process, validate, scrutinize, and submit the financial and regulatory mandatory returns to the Ministry of Corporate Affairs (MCA) or related regulatory authorities in a digital format. With the help of automated tools, they tag and validate financial components, reducing errors and ensuring compliance for filing, data efficiency, and accuracy of information.

The main purpose of the XBRL MCA filing in India is as follows:
  • The process makes the reporting online/digital, making it more transparent and error-free.
  • Investors and users of financial information can use the data for analysis.
  • The company that regularly files the AOC-4 Form can easily raise capital.
  • With the help of XBRL filing, entities can make strategic decisions for investments.

Authors

Written by Aarya Pokharel. Last updated on Nov 11 2025, 09:46 PM

Aarya Pokharel brings 3 years of solid experience in legal research and compliance. Her expertise spans tax filing, secretarial compliances, and advisory services, with a strong focus on delivering precise legal research and strategic advisory support.

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