On 1st April, 2023, Green Limited started the construction of an Office 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 anticipation of payments. The company's other outstanding loans on 1st April, 2023 were as follows: Amount of Loan Rate of Interest per annum ₹ 20,00,000 15% ₹ 30,00,000 8% The construction of building started on 1st April, 2023 and was completed on 31st January, 2024 when it was ready for its intended use. Up to the date of completion of the building, the following payments were made to the contractor: Payment date Amount in ₹ 1st April, 2023 4,00,000 1st August, 2023 10,00,000 1st December, 2023 25,00,000 31st January, 2024 5,00,000 You are required to: