TDS section 194M

Under 194M
From Sept 1, 2019 individuals must deduct TDS on payments to contractors, professionals

An individual or HUF paying any sum to a contractor or a professional or commission or brokerage more than Rs 50 lakh in a financial year would be required to deduct tax at source (TDS) at the time of credit of such sum or at the time of payment of such sum; whichever is earlier.

The government vide Finance Act (No 2) 2019, recently introduced section 194M in the Income-tax Act, 1961 (the Act) making it mandatory for an individual or HUF to deduct TDS at 5% on such payments.