The present study on Web-based Corporate Reporting Practices in India examines the disclosures of financial and non-financial information disclosures on websites of companies. For the purpose of this study, a sample of 200 companies of BSE-200 Index has been taken. A worksheet has been prepared to examine the trends in web-based corporate reporting in these companies. The compliance of accounting practices to the requirements of Indian Accounting Standards has also been examined in the study. In addition to the secondary data taken from the websites of these companies, two questionnaires have also been used to collect primary data from various stakeholders. In all, the researcher could collect information from 255 respondents through Internet and personal interactions with them. that web-based corporate reporting is at its evolutionary stage and there are many issues which need to be settled to make way for its faster growth on sound footing. The concept has many advantages to offer to stakeholders and corporates. Rather it is now inevitable and no country can afford to ignore it to be a part of global economy. India need to take some immediate steps in the direction of convergence of Indian Accounting Standards with International AS, standardisation of web-based corpoarte reporting, e-security issues, internet penetration at mass level and providing legal support to emerging web-based reporting system and practices