$($a$)$ On $1$ st April, $2023,$ Green Limited started the construction of an Office

$7$

Building $($qualified asset$).$ The land under the building is regarded as a separate asset and is not a part of qualifying asset.

For the purpose of construction of building, the company raised a specific loan of $14$ lakhs from a Bank at an interest rate of $12\%$ per annum. An interest income of $15,000$ was earned on this loan while it was held in anticipstion of payments.

The company's other outstanding loans on $1^{st}$ April, $2023$ were as follows :

$\backslash$table$[[$Amount of Loan,Rate of Interest per annum$],[20,00,000,15\%$