iFile Web is a web based application that helps companies create XBRL instance documents that fully meet the Ministry of Corporate Affairs' (MCA's) mandatory requirements. iFile Web can also function as a platform where the filing company's compliance team can get familiar with the XBRL tagging process and the taxonomy. The application resides on a secure web based platform, which allows you to maintain the confidentiality and integrity of your financial data. The application has a user friendly interface with intelligent grouping and hierarchical representation of the taxonomy elements. The simplicity of the application requires only minimal XBRL know how.

The application has an in-built validation engine to ensure conformance with XBRL specifications and MCA requirements. The instance document generated in the final output is ready to be filed with MCA.

Companies with a net turnover of upto Rs 100 crores can generate their annual reports in XBRL with this application.