Tag: Income Tax Authorities

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Why use xbrl?

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Good and a valid question. Actually in the Indian context we do not know how much the regulators will talk to each other! For example if RBI, SEBI, MCA, IRDA, …et al spoke to each other you may not have to file the same document with each of the authorities. If MCA, for e.g. regularly […]

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XBRL for fraud detection

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Could XBRL have helped in detecting frauds? Well the answer is a little complicated. Let me put it this way. If the Company Law Rules said a director should not be reappointed if he has already been a director, and you file a Form 32 in xbrl, within 2 minutes of filing you will get […]

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