New Delhi, March 31, 2018
The Corporate Affairs Ministry (MCA) has again extended the due date for XBRL filing by Ind AS compliant companies.
The due date has been extended to April 30 (without additional fee) from the earlier specified date of March 31 this year in respect of financial statements for the financial year 2016-17.
The latest extension comes in the wake of "requests" from various stakeholders for extending the last date of filing of AOC-4 XBRL e-forms, said a MCA circular issued on March 28.
XBRL (eXtensible Business Reporting Language) is a digital language that has been developed to provide a common electronic format for business and financial reporting.
It may be recalled that MCA had in October last year stipulated that all companies required to prepare or voluntarily prepare their financial statements in accordance with Companies (Indian Accounting Standards Rules) 2015 for financial year 2016-17 are required to file their statements only in XBRL format.
The MCA had then extended the last date for XBRL filing for such companies for the financial year 2016-17 without additional fee till March 31 this year.
[The Hindu Business Line]