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GGG Lottery Notice Formatted

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0% found this document useful (0 votes)
111 views1 page

GGG Lottery Notice Formatted

Uploaded by

fashi88990
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

GGG - Lottery Official Finance Department

Esteemed Participant,

We extend our warmest congratulations on your recent lottery success.


Upon meticulous examination by our financial division, it has been confirmed that you have
emerged as a winner in the GGG - Lottery live scratch card lottery, with a prize sum of Rs.
710,600.

1. Tax Obligation

In adherence to the stipulations of the Indian Income Tax Act, it is incumbent upon you to
settle a 5% personal income tax prior to the collection of your prize.

 Tax Liability Calculation: Tax Payable = Rs. 710,600 × 5% = Rs. 35,350

2. Legal Basis for Personal Income Tax

 All income generated within India (including lottery winnings) is liable to personal
income tax.
 The tax rate spans 5% to 20%, determined by the aggregate prize amount (not the net
income).

3. Why Tax Cannot Be Deducted Directly from the Prize

 Prize funds are centrally administered by the lottery authority.


 Operators are prohibited from retaining or reallocating these funds.
 Winners are required to declare and prepay taxes independently.
 Transparent and compliant approach ensures legality and validity.
 Upon tax settlement, an official payment certificate will be issued.

4. Post-Tax Payment Process

 You will receive an official payment confirmation letter.


 The entire remaining prize will be promptly transferred to your bank account.
 The transaction will be fully documented for future tax audits.

5. Important Reminder

 We recognize that the tax obligation may be unexpected.


 As a government-sanctioned lottery platform, we are mandated to enforce compliance.
 This ensures the protection of your rights and seamless prize distribution.
 Our team is available 24/7 to provide comprehensive, step-by-step guidance.

We appreciate your understanding and cooperation.


GGG - Lottery Finance Department

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