XBRL is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language for transmitting information via the Internet. 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.

An interactive tool to prepare, validate and e-file your Balance Sheet and Income Statement. Facility to make easy tagging of Financial Data for Current & Previous Year in one shot. Taxmann’s XBRL Tool is based on Revised Schedule VI and fully complying Final Business Rules and C&I Taxonomy-2012.

Steps for Taxmann's XBRL Tool 2012 e filing of Balance Sheet and P&L account

1. Generate Instance Doc

Thru Taxmann's XBRL Tool you can generate & validate XBRL in very easy manner, tagging will be done by the Tool itself. Once your data is successfully validated, you can create XBRL instance document of Balance Sheet and Profit and Loss account separately by clicking on Validate/Generate.

2. MCA XBRL Tool/Viewer

After creation of Instance document, validate your data through MCA XBRL Tool and after successful validation you can upload the same. You can pre-scrutiny the instance doc also and then can convert it into PDF and verify all the contents. You can keep this PDF print for future reference also.

3. Preparation of Form 23AC-XBRL and Form 23ACA-XBRL

Now prepare your Forms 23AC-XBRL and 23ACA-XBRL in PDF, redo their prescrutiny and attach the validated instance doc respectively therein.

4. Upload 23AC-XBRL and 23ACA-XBRL at MCA portal.

When you have filled Forms 23AC-XBRL and 23ACA-XBRL, you can upload the same on www.mca.gov.in by clicking on "upload XBRL e-Form" button.