https://thetaxtalk.com/2018/12/the-exemption-of-rs-50-lakh-in-s-194-ia2-is-applicable-w-r-t-the-amount-related-to-each-transferee/
The exemption of Rs. 50 lakh in s. 194-IA(2) is applicable w.r.t. the amount related to each transferee