International Research journal of Management Science and Technology
ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST
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E-GOVERNANCE AND FINANCIAL REPORTING THROUGH XBRL
1 Author(s): PRADEEP DUBEY
Vol - 5, Issue- 5 , Page(s) : 127 - 137 (2014 ) DOI : https://doi.org/10.32804/IRJMST
In order to keep pace with the international best practices, the Indian Parliament enacted Information Technology Act, 2000 paving the way for introduction of IT services as a statutorily recognised business language. Under this machine-driven environment, the Act seeks to ensure cyber security and compliance with tax laws for cyber transactions. This was followed by the adoption of statutorily recognised electronic documents and digital signature replacing the erstwhile physical signature of an individual or a business entity. The country went one step further by launching the Ministry of Corporate Affairs for the 21st century (MCA-21) project implementing e-governance, and finally switching over to eXtensible Business Reporting Language (XBRL).