Is the Poker Market regulated by a law in india?
If Yes, what kind of player are able to play? Citizens of the countries? Residents of the countries? Residents of European union? Residents of European Union? Other?
If no, is it expected that the Market is regulated in the future? For When?
I have done gambling from Bet365 through neteller from May2015. I later validated my SBI card in neteller. So some successful withdrawal of money is done through Bankwire.. I lost so much money of around 1.75L through all these months and at the same time when i got profit, i withdrawal some amount(like 4-5 transactions i have done, each time around 10k to 25k max). and i have deposited 1k to 10k max per transactions through multiple cards. so total of around i have done 50-60 transaction of small amounts. The problem is now i don’t want to get into trouble of Income Tax or RBI or i don’t want to know about this to my family. i have read so many blogs, that incometax filing will be done and other problems like 30 percent tax….!!! I should be one who should suffer. Please help me what gonna happen to me. i was so scared!! 🙁
there are no laws apparently till date ,. various cases ongoing at various levels on law. Some of the states have actually legalized online poker (as far as i know- sikkin) , but its still under debate and until and unless it is legally prohibited cant see any issues playing online. gl