TDS U/S 194IA OR 194IC

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Dibyendu Majumder (Querist)
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11 December 2023 One of my clients wants to execute a JV agreement with an individual, In which the individual shares his land, and my client, wants to develop a residential building on the said land. The share of the unit/s given to the landowner on the building will be purchased by the developer (i.e. my client ) after construction. some amounts paid by Cheques by my client to the landowner which are treated as an advance against consideration money of said unit to be constructed shortly. Is this type of agreement considered a specified agreement under sec 45(5A) and TDS U/s 194IC to be deductible on such paid amount? or as a normal sale agreement TDS will be deductible u/s 194IA?