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Gamentio and Tax implication

  • Published Date April 19, 2017
  • By ridhima arora

 

When a user’s winnings exceed Rs. 10, 000, tax at the rate of 30.90% will be deducted on any amount that he/ she wins thereafter in that financial year. Tax will be deducted in the form of T.D.S. and be deposited to the credit of Government of India on behalf of the user. In order to facilitate this, Gamentio asks users to do the following:-

 

1. Fill out a KYC (Know Your Customer) form

 

 

2. If User is above 18 years, they will further have to provide the following information

 

 

3. If User is below the age of 18

 

 

Guidelines:-

 

  1. Please keep in mind that this is a ONE time requirement and once you have furnished all the information, it will be verified.

  2. The process of verification will be carried out by our team through phone call, email and SMS.

  3. Once all the particulars are verified, the User’s profile will be marked complete and they can continue to redeem vouchers.

  4. Users will be compulsorily required to fill the KYC form when the vouchers redeemed/ applied reaches Rs. 9800 (98000 Gamentio Points).

  5. If a User does not furnish the information required by the KYC form, they will not be able to redeem any points.

  6. 7 working days will be required from the time that you submit your KYC till your account is marked verified.

 

 

 

 
 
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