Hot Deal

I won a jackpot worth Rupees 10Lakh from Cred. But how do I convert it to real cash?

2021°
Spearhead
kachraseth101

I got lucky recently and hit the Cred Mega Jackpot worth Rupees 10 Lakh.
Amazing isn’t it..?
But there is a catch, I got served with 10 vouchers of value 1 lakh each which can be redeemed at only Lifestyle Group stores i.e., Lifestyle , Max Fashion  and Home Center.
After spending 1 Lakh vouchers on myself , family and a few friends , I still have 9 Lakhs to go.
So I created this thread so I can benefit from the wisdom of my fellow dimers.
All ideas that can help me monetize those vouchers even at some concession are welcome.
Dimers! This is an official call for help.

Top Comments
Mobile Guru Mobile Guru
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If it is home center, then you get stuff worth 4L at 10L smile
Anyways.. congrats!

Spearhead Spearhead
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Mr.Unique wrote:

Just giving a suggestion : what if you buy things from the respective stores and then sell it on Amazon or fk by creating a seller account ?

@kachraseth101

1. Goods sold online are already 30%-40% cheaper than the price offered at these stores.
2. You need to have a brand authorisation letter to sell products of respective brands.
3. Flipkart/Amazon commission is an extra burden.
4. Operating costs are also to be kept in mind.
These are some points that I considered and decided not to sell products online.

If anyone thinks I am wrong.. feel free to correct me.

Blogger Blogger
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Sell it people at heavy discounts

Or buy products that can be resold at 20%-30% later

Or distribute donate to some orphanage old-age or even your needy relatives

Or trade with some known people offline

159 Comments  |  
91 Dimers
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Deal Lieutenant Deal Lieutenant
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👏 Congratulations 🎊

Hunk Hunk
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Congratulationssssssssssssssss. yayyyyyy. Mere liye ek rupay kaa candy ho toh wo lelena

Deal Subedar Deal Subedar
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@kachraseth101 , congratulations on winning the JACKPOT, instead of taking all this headache see if you can resell it VIA ZINGOY etc at discounted price, money in hand is better than money in furniture🤩🤩

Post Mogul Post Mogul
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Congratulations

Pro Entertainer Pro Entertainer
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Dimer’s reaction after seeing this

https://cdn0.desidime.com/attachments/photos/719888/medium/IMG-20211023-WA0001.jpg?1634978084

Pro Analyst Pro Analyst
Moderator
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motabhaii wrote:

Buying 1 lac gv @ 11000

Wanna get suspend for trading in wrong section ? laughing wink

Pro Analyst Pro Analyst
Moderator
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MrKool_JJ wrote:

OMG scream
Congratulations 🥳
You are really lucky relaxed
Please shower your blessings upon me blush pray
Do ping me so that I can give you my banking details. @kachraseth101 sunglasses

BTW, dont shower your power to others, we know the end-result stuck_out_tongue

Pro Analyst Pro Analyst
Moderator
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Congratz @kachraseth101 smile

Spearhead Spearhead
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decideaim wrote:

Congrats 🥇 tada

Give someone you know 10k salary and arrange an Umberella shop infront of Home center, ask them to make queries to the coming customers about their purchase needs and follow upto billing and offer 10% additional discount for exchange to cash.

This might work.. thanks buddy

Pro Community Angel Pro Community Angel
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DealzWatcher wrote:

@kachraseth101 , congratulations on winning the JACKPOT, instead of taking all this headache see if you can resell it VIA ZINGOY etc at discounted price, money in hand is better than money in furniture🤩🤩

Never try that with big denomination GVs smile

Spearhead Spearhead
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Thanks man

Budding Star Budding Star
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Congratulations @kachraseth101

Is any of these voucher can be used at SPAR supermarket. These HomeCenter, lifestyle stores are part of SPAR group so maybe it can be useful there.

Spearhead Spearhead
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DealzWatcher wrote:

@kachraseth101 , congratulations on winning the JACKPOT, instead of taking all this headache see if you can resell it VIA ZINGOY etc at discounted price, money in hand is better than money in furniture🤩🤩

Denomination too big to sell at Zingoy and other apps that I am aware of… Please do share if you know of any app that allows vouchers of this amount to be sold

Beacon Beacon
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@kachraseth101 do u still have homecentre coupon?

Deal Baba Deal Baba
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kachraseth101 wrote:

Denomination too big to sell at Zingoy and other apps that I am aware of… Please do share if you know of any app that allows vouchers of this amount to be sold

Just giving a suggestion : what if you buy things from the respective stores and then sell it on Amazon or fk by creating a seller account ?

@kachraseth101

Entertainer Entertainer
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Mayavi wrote:

Wanna get suspend for trading in wrong section ? laughing wink

I would love to be suspended for the trade to be successful joy

Deal Subedar Deal Subedar
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Firstly: I am going to play Jackpot games now on cred, amazon, or where ever there is jackpot games stuck_out_tongue laughing

Secondly: Congrats @kachraseth101 smile

Deal Hunter Deal Hunter
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cm-punk wrote:

Sara maal kachra seth ko hi milta hai aj vishwas ho gya..
T : your username 😂😂

Time to change my username… Who knows maybe I’ll be a winner in amazon spin games stuck_out_tongue_winking_eye 

Spearhead Spearhead
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Mr.Unique wrote:

Just giving a suggestion : what if you buy things from the respective stores and then sell it on Amazon or fk by creating a seller account ?

@kachraseth101

1. Goods sold online are already 30%-40% cheaper than the price offered at these stores.
2. You need to have a brand authorisation letter to sell products of respective brands.
3. Flipkart/Amazon commission is an extra burden.
4. Operating costs are also to be kept in mind.
These are some points that I considered and decided not to sell products online.

If anyone thinks I am wrong.. feel free to correct me.

Spearhead Spearhead
Link Copied
Dastro wrote:

Firstly: I am going to play Jackpot games now on cred, amazon, or where ever there is jackpot games stuck_out_tongue laughing

Secondly: Congrats @kachraseth101 smile

Wish you luck

Deal Hunter Deal Hunter
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androgame wrote:

" Provided that in a case where the winnings are wholly in kind or partly in cash and partly in kind but the part in cash is not sufficient to meet the liability of deduction of tax in respect of whole of the winnings, the person responsible for paying shall, before releasing the winnings, ensure that tax has been paid in respect of the winnings "

it would be the responsibility of the provider to ensure tax is paid before disbursing the prize.
I think its really hard to tax GVs unless they are taxed at source.
I have seen companies asking people to pay 30% (+ cess) upfront before giving them their prize.

Wait, so those who win amazon quiz prizes like 5k-10k or 50k to 1lakh phone , laptop then they have to pay taxes?

Mobile Guru Mobile Guru
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Mayavi wrote:

BTW, dont shower your power to others, we know the end-result stuck_out_tongue

sweat_smile
Deal Lieutenant Deal Lieutenant
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@rini50 when i won iphone on crownit, TDS was deposited by them

It Depends

Pro Community Angel Pro Community Angel
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rini50 wrote:

Wait, so those who win amazon quiz prizes like 5k-10k or 50k to 1lakh phone , laptop then they have to pay taxes?

No TDS upto 10K, above that , yes smile
Note- Talking as per IT Act , not sure if amazon actually asks for the taxes

Deal Baba Deal Baba
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ami123 wrote:

@rini50 when i won iphone on crownit, TDS was deposited by them

It Depends

You won iPhone 😲

Highest I got from crownit was a 2k rs shopperstop gv rolleyes

Deal Hunter Deal Hunter
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androgame wrote:

No TDS upto 10K, above that , yes smile

I didn’t know the exact rule.. I thought maybe needed for 1 lakh and above only.
Now praying amazon gives me cheaper phones or amazon gift card less then 10k sob
No more hope on expensive gift expressionless

Deal Hunter Deal Hunter
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ami123 wrote:

@rini50 when i won iphone on crownit, TDS was deposited by them

It Depends

How kind of them… Don’t except such kindness from Bezos and it’s Indian counterpart.
And belated congrats.

Pro Community Angel Pro Community Angel
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Mr.Unique wrote:

You won iPhone 😲

Highest I got from crownit was a 2k rs shopperstop gv rolleyes

https://cdn0.desidime.com/attachments/photos/719897/medium/8038307exIWc0x.jpg?1634983110

Deal Subedar Deal Subedar
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Omg
Congratulations Bro. Ur Very Lucky

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