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Winners should be aware of the tax responsibilities related to lottery winnings in India in addition to claiming prizes. Any prize money over a specific amount is subjrummyaloect to flat-rate taxation under Indian tax laws. To ensure compliance with tax laws and to fully understand their liabilities, winners are encouraged to speak with tax experts or financial advisors. Winners can responsibly manage their newfound wealth & steer clear of any future legal issues by being aware of their responsibilities.
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