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DOT NET is a software framework that is designed and developed by Microsoft. The first version of the .Net framework was 1.0 which came in the year 2002. In easy words, it is a virtual machine for compiling and executing programs written in different languages like C#, VB.Net, etc. 

It is used to develop Form-based applications, Web-based applications, and Web services. There is a variety of programming languages available on the .Net platform, VB.Net and C# being the most common ones. It is used to build applications for Windows, phones, web, etc. It provides a lot of functionalities and also supports industry standards.