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This highlights how crucial it is to handle winning tickets with caution and consideration. Recognizing the implications for taxes. Winners should also become aware of any potshttakingential tax ramifications related to their winnings. Due to income tax laws in India, lottery winners may have to pay a portion of their prize money in taxes before they can get their full payout. Handling Your Recently Acquired Wealth. For winners to prevent any surprises later on, it is essential that they comprehend these financial obligations.
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