Limit of amount of TDS

For resident Indian, sec. 194-IA.... 

(1) Any person, being a transferee, responsible for paying to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall, at the time of credit of such sum to the account of the transferor or at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to one per cent of such sum as income-tax thereon.

(2) No deduction under sub-section (1) shall be made where the consideration for the transfer of an immovable property and the stamp duty value of such property, both, is less than fifty lakh rupees.

Thanks for the clarification Sir.

How come 50 lakhs? I read it yesterday as anyone who avails services or goods more than 20,000 is under tds of gst act. I could be wrong wrong because the sections are toomany