Surely, what the differences XBRL gonna make can be understood from the well explained some of the benefits by Mr. Ujwal and XBRL is just the beginning of new era in Indian Finance Sector too. This has nos. of benefits like availabilty of B/S in local languages, easiest comparison among same field companies and will enhance the financial literacy among the people..............
Adoption of XBRL in India by MCA is really a daring welcome move though still lots of taxonomies yet to be defind but no issue even the european countries are still in process of development.......
CAclubindia
