XBRL Conversion Services

 

  • Leading xbrl conversion services provider in India
  • Experts professional team for data conversion services into xbrl
  • Closed 150+ xbrl tagging & filing in Delhi-NCR
  • Outsource xbrl to Especia & Relax!
  • Write to us at accounts@especia.co.in

Call us on +91 9310165114
XBRL Conversion Services
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XBRL Conversion Services

WHAT IS XBRL?

“Extensible Business Reporting Language” (XBRL), means a standardized language for communication in the electronic form to express, report, or file financial information by the companies under the Act.

It was developed specifically to communicate information between businesses and other users of financial information, such as analysts, investors, and regulators. XBRL provides a common, electronic format for business reporting. It does not change what is being reported.

 

XBRL enables producers and consumers of financial data to switch resources away from costly manual processes, typically involving time-consuming comparison, assembly, and re-entry of data. They are able to concentrate effort on analysis, aided by software that can validate and manipulate XBRL information.

 

APPLICABILITY OF XBRL:

The following class of companies shall file their financial statements and other documents under section 137 of the Act with the Registrar in e-form AOC-4 XBRL:-

 

(i) Companies listed with stock exchanges in India and their Indian subsidiaries;

(ii) Companies having paid-up capital of 5 cr. rupees or above;

(iii) Companies having a turnover of 100 cr. rupees or above;

(iv) All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015

 

COMPANIES EXEMPT FROM XBRL FILING SERVICES REQUIREMENTS

  1. Banking Companies- Regulated by RBI
  2. Insurance Companies- Regulated by IRDA
  3. Housing finance companies
  4. Non-Banking Financial Companies

 

BENEFITS OF XBRL FILING:

  • Automation,
  • Cost Saving,
  • Faster,
  • More reliable and more accurate handling of data,
  • Improved analysis and in a better quality of information and decision-making.


XBRL TAGGING & CONVERSION OUTSOURCING SERVICES:

We “Especia Associates LLP” is India’s leading XBRL data conversion service providers/firms in India with a presence in Noida, Delhi, Gurgaon & having a team of Professionals which provides XBRL conversion & filing Services to the business in order to fulfill their business requirements. If you are looking for any xbrl conversion services in Delhi-NCR or anywhere in India, you can write to us at accounts@especia.co.in.