Xbrl
This query is : Resolved
Indrajit Shah
(Expert)
06 October 2012
XBRL is a XML based evolving standard (Income tax department is also using XML for filing IT returns) which allows the computers to read, analyse, and interpret the data. It also helps in validating and automating the information contained.
Validations and automation is not possible with the electronic submission like word, excel pdf or flat files. Hence the regulators are interested to implement XBRL because they can see the errors/ omissions or irregularities in fillings just by clicking on the relevant information in the report. This will allow the regulators to focus their attention on important filings where they can seek further clarification or send notices.
For further information you can visit:
https://xbrl.org/
https://www.mca.gov.in/XBRL/
https://www2.xbrl.org/in/
Validations and automation is not possible with the electronic submission like word, excel pdf or flat files. Hence the regulators are interested to implement XBRL because they can see the errors/ omissions or irregularities in fillings just by clicking on the relevant information in the report. This will allow the regulators to focus their attention on important filings where they can seek further clarification or send notices.
For further information you can visit:
https://xbrl.org/
https://www.mca.gov.in/XBRL/
https://www2.xbrl.org/in/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Non filing of I T Returns
- SALARY CAN BE CAPITALIZE
- Capitalgain tax purposes for valuation report compulsory
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
