TDS on rent mandated for certain individual and HUF payers; deduction required on payment or credit, earlier of the two. A new provision requires individuals and Hindu undivided families (excluding those covered by the second proviso to section 194-I) who pay rent to a resident exceeding the statutory monthly threshold to deduct tax at the prescribed rate. Tax must be deducted at the time of credit or at payment, whichever is earlier, for the last month of the previous year or last month of tenancy if vacated. Section 203A does not apply to such deductors. Deductions under the non-filer provision are limited to the rent payable for the relevant last month. 'Rent' is broadly defined to include payments under lease, sub-lease, tenancy or similar arrangements.