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
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How to account sale of private ltd company
Replies (2)
First understand the modus of operandi of crypto currency.
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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