TDS on immovable property transfers now based on the higher of consideration or stamp duty value, altering deduction threshold. Section 194-IA is amended to require deduction of tax at one percent of the consideration or the stamp duty value of immovable property, whichever is higher, and to provide that no deduction is required only where both the consideration and the stamp duty value are below the monetary threshold; an Explanation is inserted to define 'stamp duty value' by reference to the Explanation to clause (vii) of sub-section (2) of section 56.