Dear Learned Members/Students/Experts
We have run a lucky dip scheme wherein Influencers (namely Painters) are eligible for receiving a Scooty .These Influencers are attached to a Particular Dealer in Various Locations whose (Dealers) accounts are maintained by our company in our books.Since the Painters are not having PAN and unable to bear the 30% amount can the company can give credit note to the dealer in such a case to avoid TDS ? If so, how the credit note should be given as this Scheme circular was circulated in the Markets
Please do give your valued opinion any reference to case laws etc
CAclubindia
