What is Satta Matka? Are Betting and Gambling Legal or Illegal in India? Know Origin of Matka Gambling and Other Details Here
Satta Matka, an illegal gambling game popular in India, continues to flourish despite strict laws prohibiting it. Players risk not only financial losses but also severe legal consequences, including jail time and heavy fines.
New Delhi, September 14: Satta Matka, an illegal gambling game popular in India, continues to flourish despite strict laws prohibiting it. Players risk not only financial losses but also severe legal consequences, including jail time and heavy fines. Millions are wagered daily in this underground game, often bypassing the law with the use of mobile apps and other digital platforms.
Satta Matka has a long history, originating in the 1950s. Initially called "Ankada Jugar" it has evolved over time but remains a form of illegal gambling. In modern times, players choose numbers digitally, but the essence of the game remains the same. The winner is often referred to as the "Matka King." Kolkata Fatafat Result Today: Kolkata FF Result for September 14, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.
Legal Consequences for Playing Satta Matka
In India, gambling, including Satta Matka, is illegal under the Public Gambling Act of 1867. Those caught playing can face fines of INR 200 or up to three months of imprisonment. In some states like Madhya Pradesh, new laws have increased penalties to three years of jail and fines up to INR 10 lakh. Kolkata Fatafat Result Chart Online: Looking for Kolkata FF Satta Matka Winning Numbers? Beware of Unauthentic and Fraud Websites.
Tax Liability on Gambling Winnings
Even if players manage to win, they must pay taxes on their earnings. Under Section 194B of the Income Tax Act, any prize money exceeding INR 10,000 is subject to a 30% tax deduction at source, along with an additional 4% surcharge. These taxes are non-refundable and strictly enforced.
Engaging in Satta Matka is not only illegal but can also lead to financial ruin, legal trouble, and tax complications.
(The above story first appeared on LatestLY on Sep 14, 2024 03:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).