The filing rate for XBRL, specifically concerning the AOC-4 form in India, refers to the official fees charged by the Ministry of Corporate Affairs (MCA) for submitting financial statements in XBRL format. These fees are determined by the company's authorized share capital, ensuring a tiered structure that accounts for the varying sizes of businesses.
Understanding XBRL Filing Fees in India
In India, companies are often required to file their financial statements and other documents in eXtensible Business Reporting Language (XBRL) format. This standardized digital format enhances the accessibility and analysis of financial data, promoting transparency and efficiency in corporate reporting. The associated filing fees are a mandatory part of the submission process for certain forms, such as the AOC-4, which pertains to the filing of annual financial statements.
The fee structure for AOC-4 XBRL filing is designed to be progressive, meaning companies with higher authorized share capital pay a proportionally higher fee. This ensures fairness and aligns with the scale of operations, reflecting the administrative processing involved.
Fee Structure for AOC-4 XBRL Filing
The exact filing rates are dependent on the company's authorized share capital, as outlined in the table below:
| S.No. | Share Capital of the Company (in value) | Fee (in Rupees) |
|---|---|---|
| 1 | Less than ₹1,00,000 | ₹200 |
| 2 | ₹1,00,000 to ₹4,99,999 | ₹300 |
| 3 | ₹5,00,000 to ₹24,99,999 | ₹400 |
| 4 | ₹25,00,000 to ₹99,99,999 | ₹500 |
It is important to note that these rates apply specifically to the AOC-4 form and are subject to the regulations set forth by the Indian Ministry of Corporate Affairs. Other XBRL filings or filings in different jurisdictions may have different fee structures or specific requirements.
