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Presentation currency

Financial Reporting

How is INR the presentation currency in India? Can I prepare my financial statements in other than INR?

Suresh Avinash

CA Final

★ 3K+

24-Jul-24 11:17

Answers (3)

Based on Companies Act

CA Suraj Lakhotia

Admin

24-Jul-24 11:23

Hello sir, in companies act section 129 it is mentioned in accordance with schedule iii and in schedule iii it is mentioned as rupees. But can we file the financial statements with ROC (XBRL) in other than INR

Thread Starter

Suresh Avinash

CA Final

★ 3K+

24-Jul-24 11:29

Thread Starter

Suresh Avinash

for statutory compliance purpose, it has to be in INR>

CA Suraj Lakhotia

Admin

26-Jul-24 16:14

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