Paratigm Ltd. issued 40,000, 11% debentures of 100 each at a discount 3 of 5%, redeemable at a remit. On issue of these debentures 'Loss on Issue of…

Paratigm Ltd. issued $\displaystyle 40,000$, $\displaystyle 11$% debentures of $\displaystyle 100$ each at a discount $\displaystyle 3$ of $\displaystyle 5$%, redeemable at a remit. On issue of these debentures 'Loss on Issue of Debentures Accoun t' was debited with ₹ $\displaystyle 4,00$,000. The amount of premium on redemption of debentures was :