XBRL

Originally posted by : Vaibhav Ahuja
	Can anyone please tell me what is the format of submitting financial results in XBRL to MCA? What is the procedure and how it is exactly prepared in the XBRL? I will be vey honoured to get a positive reply.r

XBRL is a language for defining concepts as per the user requirement.XBRL wants information  in a format that is readable by automated computer processes.XBRL is not only for financial reporting but also for cross business system information exchange both internally and to external business partners.This language introduction is meant for making comparision between two entities more meaningful as this will be the standard platform.