20 July 2013
Disclosure required under the Micro, Small & Medium Development Act, 2006
We M/s._______________ , hereby disclose the following as required under the Micro, Small & Medium Development Act, 2006
I Delayed payments due as at the end of each accounting year on account of Principal – Rs. XXX and Interest due thereon – Rs. XXX
II Total interest paid on all delayed payments during the year under the provisions of the Act - Rs. XXX
III Interest due on principal amounts paid beyond the due date during the year but without the interest amounts under this Act – Rs, XXX
IV Interest accrued but not due– Rs, XXX (Represents interest accrued as at the end of the year but not due as interest is computed at monthly rests from the due date)
V Total Interest Due but not paid – Rs. XXX (Represents all interest amounts remaining due together with that from prior year(s) until such date when the interest was actually paid to the small enterprises. Mainly to ascertain the amount of interest disallowable for income tax purposes)
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