GOVERNMENT TAX POLICY
1. Logic Simplified Pvt. Ltd. ("the Company") is under legal obligation to deduct tax at source (TDS) if a players' winning exceeds Rs. 10,000/- in any game/tournament. In these cases, the player will be required to furnish his/her Permanent Account Number (PAN) duly issued to him/her by the Income Tax Authorities, if not done at the time of registration. As per the existing rates, TDS at the rate of 30.9% will automatically be deducted from such winnings and the rest will be credited into the players' user account as "Unlocked Gamentio Points". The user will be permitted to redeem these "Unlocked Gamentio Points" only upon providing his/her correct PAN details. These limits and rates are subject to change. The obligation of the Website/Company in this regard is limited to deducting TDS as required by law and providing the player an appropriate certificate of tax deduction. We neither advise you nor shall in any manner be responsible for the user's individual tax matters.
2. For players under the age of 18, if their winnings exceed Rs. 10000/- , they will be required to furnish the Permanent Account Number (PAN) of their Guardian and proof of their relationship with said Guardian. The winnings will be given to the said players only after tax is duly deducted and deposited to the credit of Government of India. As per the existing rates tax at the rate of 30.9% will be deducted from such winnings.
3. We reserve the right to verify your PAN from time to time and to cancel any winnings should your PAN be found inconsistent in our verification process.3. Under Section 194B of the Income Tax Act, 30.9 % tax shall be deducted from winnings of Unlocked Points worth Rs. 10000/- or more in any given month.
4. We reserve the right to verify your PAN from time to time and to cancel any winnings should your PAN be found inconsistent in our verification process.
1. Logic Simplified Pvt. Ltd. (hereinafter referred to as "The Company") is the owner of, and reserves all rights to the assets, content, services, information, and products and graphics in the website www.gamentio.com (hereinafter referred to as "Website") except any third party content.
2. The Company refuses to acknowledge or represent about the accuracy or completeness or reliability or adequacy of the website's third party content. These content, materials, information, services, and products in this website, including text, graphics, and links, are provided "AS IS" and without warranties of any kind, whether expressed or implied.
3. The Company is in no way responsible for any content of any linked site or any link contained in a link site.
4. The Company disclaims all warranties, express and implied with regard to the merchantability and fitness for a particular purpose. The Company also does not guarantee that users shall be able to use the website without any interruption which could be leading to loss in continuity.
5. Although, The Company shall make reasonable efforts to ensure that the website remains free of viruses or other harmful components. However, The Company does not represent or warrant the website or the server that make the site available to be free of such harmful components. Use of the services of this website is at user's own risk and The Company shall not be responsible for any costs of servicing, repair or correction of their systems.
6. The Company does not endorse the Advertisements hosted on its website. Users responding to advertisements or purchasing any products advertised on The Company do so at their own risk.