Govt exempts housing finance firms from XBRL filings
BY PTI11 April 2016 10:56 PM GMT
PTI11 April 2016 10:56 PM GMT
Providing relaxation for housing finance companies, the Corporate Affair Ministry has exempted such entities from filing financial statements in XBRL format. XBRL, or Extensible Business Reporting Language, provides a common, electronic format for business reporting. In a recent notification, the Corporate Affairs Ministry said “housing finance companies need not file financial statements” under the XBRL rules.
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