Tds under sec 194 ic

Dear Sir

I have enetered into a Joint Venture beffore 1.4.17.  We have agreed to receive money directly from the buyers in an Escrow account from which it is transferred  50% to me and 50% to the builder.

Does this attract TDS under sec 194 IC on the builder. If yes how will it work because the payment goes to an escrow account and then divide equally

Kindly throw some light

Thanks