Information technology services are provided by company for which payment is being recieved in crypto currency...query is how to account sale in india if payment is recived in crypto
2 Replies
sabyasachi mukherjee
(27574 Points)
Replied 24 May 2024
First understand the modus of operandi of crypto currency.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 24 May 2024
Amendments in schedule III of the Companies Act has been issued by the MCA vide notification dated 24 th March 2021 , wherein it has been stated, how to disclose Crypto Currency in the Financial Statements, So refer notification. Also check any amendments in the notification till date .
Good Luck .
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