XBRL is an openly accessible coding utilized for electronic trade of business data. In the present situation of web having possessed a noteworthy spot in business exercises, it is basic for a standard means or stage for investigation and correspondence of business data. XBRL discovers specific utilization in correspondence of money related information viz. accounting reports, spending plan proclamations. Associations like Securities and Exchange Commission (SEC) of the US, the IFRS establishment have received XBRL as a standard type of correspondence.

In India, the association XBRL India has been set up. RBI, Ministry of Corporate Affairs (MCA) and SEBI have received XBRL. Arrangement is under path for selection of XBRL by hotshot Indian organizations in the primary period of its execution.

By nature, XBRL has a place with the group of XML dialects. It takes after an imprint up sort dialect design. As of now, form 2.1 of the dialect is set up. A XBRL archive structure comprises of two primary components:

1. XBRL Instance: This part principally contains the business certainties to be accounted for.

2. XBRL Taxonomy: It has a gathering of scientific classifications depicting what the certainties mean and how these identify with each other. It does as such with the assistance of five sorts of "linkbases" (mark, reference, figuring, definition, presentation) which name and connection ideas to helpful assets.

The upsides of XBRL information over routine types of information are given beneath:

Standard - XBRL is a standard that has been acknowledged and received the world over consequently lessening irregularities in wordings and information designing.

Exactness - XBRL gives exceptionally precise information as the information can be both figured and checked.

Speed - XBRL permits much quicker and continuous planning of reports and in the meantime permits proficient, precise and pertinent approaches to inquiry information

Reusable - XBRL information once entered can be reused to speak to the same information in numerous ways and different configurations.

Stage Independent - XBRL is an open standard and subsequently stage autonomous, this permits the information to be traded and exchanged effortlessly.

Locale Independent - XBRL permits the presentation and trade of information in a wide range of dialects.