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Tds not deducted on rent paid by partnership firm

This query is : Resolved 
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(Querist)
06 August 2018 IF A PARTNERSHIP FIRM DID NOT DEDUCT TDS ON RENT PAID IN THE PREVIOUS YEAR & TAX AUDIT IS APPLICABLE IN THAT YEAR. WHAT WILL BE THE CONSEQUENCES
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2018 1. Rent payment will be disallowed as per section 40(a)(ia)

2. Interest to pay as per section 201.

2. Penalty will be initiated as per section 271C.

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