X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. Said rent is ―

X Ltd. has failed to remit the tax deducted at source from annual rent of Rs. 6,60,000 paid to Mr. A for its office building. Said rent is ―
A . fully allowable as a business expenditure;
B . not allowable in view of Section 40(a)(I);
C . allowable to the extent of 50%;
D . none of the above.

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Answer: B