Section 194I is applicable on rent paid by a taxpayer who is not an individual (except tax audit) or HUF. If the individual or HUF is liable for tax audit then 194I is applicable to these taxpayers. However, section 194IB is applicable to rent paid by an individual or HUF. Section 194IB is applicable to rent on land, building or use of both. Hence, TDS must be deducted at a rate of 5% if the rent amount exceeds Rs 50,000 for a month.