17 February 2009
IT DEPENDS ON THE STATUS OF PAYER FIRST. AN INDIVIUAL OR HUF UNLESS COVERED BY SEC.44AB FOR THE PRECEDING YEAR,IT MAYNOT APPLY.
SIMILARLY IF THE PAYEES ARE MANY THEN THE CEILING OF RS.50000 IS APPLICABLE TO EACH PAYEE. A DIRECT PAYMENT TO EACH LABOUR WOULD NOT BE HIT BY SEC 194 C IF EVERY SINGLE PAYMENT IS BELOW RS.20000 AND THE AGGREGATE PAYMENT FOR THE YEAR IS BELOW RS.50000.
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