Sec 269SS & 269T

absolutely

rs.1,12,000/-

agree vth hitesh

Yes its very clear. Unpaid interest on loan will be added in outstanding principal amount and closing outstanding of loan will be Rs. 112000.

no doubt interest will be consdiered

Thanks to Hitesh & other people who have answered..

according to 269ss only 100000 should be taken as maximum balance because the interest of 12000 is not taken as bank or cash amount it is only entry has made for interest and in next year it is to be repaid only journal entry is done thats y 100000 is taken as max amt

ya maximum o/s balance is rs 1,12,000,, but the point is that u/s 269ss & 269t that amount of repaid/receive  of loan can not exceed rs 20,000 in cash during the years otherwise 100% amount will be added in income( i.e cash payment > 20000) . and also  squarred up amount of loan during the years