TDS Payment

As per section 194I of the Income Tax Act 1961 , If the payment towards aggregate of the amount of rent credited or paid or likely to be credited or paid during the financial year exceeds Rs. 1,80,000/- for the FY , TDS has to be deducted and deposited @ 10% on the amount exclusive of GST(if any).

This has to begin from the first month itself.

Any person not  being an individual or HUF responsible  for paying rent  ,When aggregate  amount  exceeds  Rs 180000/-  TDS must  deduct  @ 10% under  section 194I  of the income tax act  at time of  payment . ( If no valid pan  20%) 

Provided  further that an individual or HUF , whose  total sale , gross receipt or trunover form  the busniess exceed the monetary  limits under sec 44 AB  during the f.Y. in which  rent paid or credted ,shall be liable to deduct TDS under this section .

Please  confim 

section 194-IA -Payment on transfer of certain immovable  property other than agricultural  land , you have deduct TDS  @ 1% at time of  payment  above 50 lacs .

please  confirm .