Section Text
Where any buyer is required to get his annual accountsaudited under any law for the time being in force, such buyer shall furnish thefollowing additional information in his annual statement of accounts, namely:--
(i) the principal amount and the interest due thereon (to beshown separately) remaining unpaid to any supplier as at the end of eachaccounting year;
(ii) the amount of interest paid by the buyer in terms ofsection 16, along with the amounts of the payment made to the supplier beyondthe appointed day during each accounting year;
(iii) the amount of interest due and payable for the periodof delay in making payment (which have been paid but beyond the appointed dayduring the year) but without adding the interest specified under this Act;
(iv) the amount of interest accrued and remaining unpaid atthe end of each accounting year; and
(v) the amount of further interest remaining due and payableeven in the succeeding years, until such date when the interest dues as aboveare actually paid to the small enterprise, for the purpose of disallowance as adeductible expenditure under section 23.