Original topic:

Need Help

(Topic created on: 09-20-2022 12:38 PM)
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Sarru07
Active Level 6
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Can someone tell me whether mail from contests.ind@cheil.com is genuine & from Samsung or **bleep** ???
Anikroyale
Expert Level 5
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Yes, that is because of the Indian government's rules and regulations. It is also mentioned in the terms and conditions tht you have to pay a gift tax. Regardless, we will confim as soon as possible :)
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Sarru07
Active Level 6
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Ya Take your time....but I think gift tax is applicable if the price of gift is more than 50000 INR isn't it ? or correct me if I am wrong :)
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Anikroyale
Expert Level 5
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I knew the same thing, but I guess there is more to it than meets the eye. Have to see.
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Sarru07
Active Level 6
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Sure no problem but please confirm....I appreciate your support 😊
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Anikroyale
Expert Level 5
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The thing with gift tax is that the govt keeps a record of all gifts you have received in a financial year (the ones that are registered), and if the amount goes above 50k in that year, the entire amount will be taxed, otherwise when you file and ITR, the entire amount for any gift tax you paid will be refunded. So, in your case, if you have not received gifts which sum up to 50k, the 3599 you're gonna pay here will be refunded at the end of the financial year.

Now that I've sorted the tax problem, the only thing left is the genuinity of the email. Will confirm by tonight as the managers seem busy and I have not received a response yet.
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Sarru07
Active Level 6
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Oh is it.. that means I have to pay 3599 INR here now but as I have not received gifts which sum up to 50k I'll get this money back when I file the ITR......Thanks For this info brother....No problem ya please confirm once they respond to you....Thanks 👍
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Anikroyale
Expert Level 5
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You've got it absolutely correct.
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Sarru07
Active Level 6
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Have you got the response bro ??
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Sarru07
Active Level 6
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Any response from them ?
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Anikroyale
Expert Level 5
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Yes, sorry for being a bit late, I was busy lol 😅 Samsung has already conducted contests where they have announced winners on this account and it is completely genuine. You can go ahead with sharing the details which are requested for.