TaxTMI 
TaxTMI 
Draft XBRL Taxonomies for Insurance Companies
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....raft XBRL Taxonomies for Insurance Companies <br>News and Press Release<br>Dated:- 12-7-2013<br><BR>Tomorrow is the last date for sending the comments to the Institute of Chartered Accountants of Indi....
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....a (ICAI) on the Draft Templates of Taxonomy for Life and Non-life Insurance Companies. The Comments may be sent by e-mail at [email protected] so as to be received not later than July 12, 2013. ICAI has p....
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....repared these separate Drafts because the schedule for presentation of financial statements, laid down in the Insurance Act, prescribes different format for Life and Non-life insurance companies. Acco....
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....rdingly, excel templates are prepared separately for the Life and Non-life Insurance Companies. While the filing of the financial statements of Companies in XBRL format had begun for certain categori....
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....es of companies, Insurance Companies were kept outside the purview of XBRL mandate owing to different format for presentation of financial statements, different requirements of the Insurance Act and p....
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....eculiar nature of Insurance business as compared to the Commercial and Industrial companies. For the purpose of development of taxonomy, insurance- specific elements were identified and compiled as pe....
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....r the requirements of Insurance Act, circulars and regulations issued by the IRDA and various other statutory requirements and certain common practice elements based on annual reports of Insurance com....
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....panies. KKP (Release ID :97162)<BR> News - Press release - PIB....