Based on following case, answer question.

A Ltd issued 2000, 10% debenture of ₹100 each on April 1, 2019 at a discount of 10% redeemable at a premium of 10% after five years. Company purchased assets of the book value of ₹2,20,000 from B Ltd. at book value and agreed to make payment of purchase consideration by issuing another 2000, 10% Debentures of ₹100 each at a premium of 10% on above mentioned date only.

Calculate interest on Debenture for the year 2019-20 from the above-given information.

₹40,000

Debentures = 4000 of each ₹100 each
Interest rate = 10%
Interest on debentures = 400000 x 10/100
                                      = ₹40000