How can I claim my prize in Kerala state lottery?
Prizes up to Rs. 1Lakh may be claimed from the District Lottery Offices concerned. Prize winning tickets above Rs.1 Lakh shall be surrendered before the Director of State Lotteries after affixing the signature, name and address of the prize winner on the back side of the tickets with the following documents.** 1
What is the procedure to surrender the prize-winner of a lottery?
The prize-winner of a lottery shall surrender the prize-winning ticket within 30 days of the draw with all necessary documents. Prizes up to Rs. 1Lakh may be claimed from the District Lottery Offices concerned.
Is it legal to buy lottery in Tamilnadu?
It is illegal for any Keralite or Telugu people to buy or sell lottery inside the territory or Tamil Nadu. So, a person from Tamil Nadu buying a lottery from any of the 13 Indian states where it is held as legal would be considered to have acted legally. He won’t be penalised for buying or winning a lottery in the state where that act is legal.
What is the income tax on prize money received in India?
For prize moneys more than Rs. 5000, income tax at prevailing rate will be deducted and credited into the central government account. As of now, an Income tax of 30\% will be deducted for all the prize winning claims exceeding Rs. 5000/- For the agents prize claims an amount equivalent to 10\% of the claim will be deducted as income tax.
What is the procedure to surrender Prize winning tickets in India?
Prize winning tickets above Rs.1 Lakh shall be surrendered before the Director of State Lotteries after affixing the signature, name and address of the prize winner on the back side of the tickets with the following documents.** 1 A claim application along with a Photostat copy of both sides of the ticket, self attested.