What is the approximate time required to file an XBRL form assuming it is a Public Limited Company into service sector.?
3 Replies
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 20 March 2014
Hi,
Until and unless extension is granted by the Government, xbrl is to be filed within 30 days of AGM i.e. same as filing requirements forform 23AC-ACA.
Shilpa.N
(A)
(70 Points)
Replied 20 March 2014
Thanks Vandana. But I know that. I mean to ask what is the average time taken to fill up the excel utility ( any utility) and converting it into xml and upload of Form 23ACXBRL & Form 23ACAXBRL.
Bimal Keshari
(Chartered Accountant)
(29 Points)
Replied 08 April 2014
A trained person in XBRL conversion software and IND Taxonomy should take an average of 5 working days of 8 hrs for 100-125 pages of finanical statements. A novice might take double of that time.
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