Will my bank Account freeze from Stake?

[Prostar8453]

P

Prostar8453
PARTICIPANT
April 3, 2025 at 5:19 am

I am a student, I have my savings account in HDFC bank. The highest transaction that happens from my account is my 2-3 lakhs fees every year which I get from my parents.
Normally I get around 3-4k every month from home.
I recently won 2 lakh on stake.
So, If I withdraw them into my account, will my account get freezed by Cyber Cell?
If yes, then what process can I follow to prevent it aur solve this.

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[Aparnaeagle565]

A

Aparnaeagle565
PARTICIPANT
April 3, 2025 at 5:24 am

I dont think so, but it’s better to get an opinion

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[Anshseeker301]

A

Anshseeker301
PARTICIPANT
April 3, 2025 at 5:24 am

Open another bank account.

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[Ramyatiger530]

R

Ramyatiger530
PARTICIPANT
April 3, 2025 at 5:24 am

High probable of getting triggered to authorities

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[Krunalpanda769]

K

Krunalpanda769
PARTICIPANT
April 3, 2025 at 5:25 am

If you are a good tax payer, nothing will happen

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 5:26 am

I am a student, I don’t have a source of Income

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[Krunalpanda769]

K

Krunalpanda769
PARTICIPANT
April 3, 2025 at 5:27 am

& the 2 lakh you won?

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 5:29 am

That’s why I am asking for help. Do I have to pay tax on that? I have never filed ITR before.

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[Krunalpanda769]

K

Krunalpanda769
PARTICIPANT
April 3, 2025 at 5:35 am

Yes, you have to pay tax

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[Krishnalion405]

K

Krishnalion405
PARTICIPANT
April 3, 2025 at 5:28 am

Stake ruined my life and I was on the train tracks waiting to d*e because I lost 34k on stake. I thank my parents because they helped me and convinced me that the money lost will be earned and cried. Please if you won 2L very well but never ever bet on stake.

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[Coolbro2018]

C

Coolbro2018
PARTICIPANT
April 3, 2025 at 5:30 am

Maybe create account in another bank and use it as a throw away acc?

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[Adityarider842]

A

Adityarider842
PARTICIPANT
April 3, 2025 at 8:50 am

They can still flag the PAN card no.

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[Cooltiger5892]

C

Cooltiger5892
PARTICIPANT
April 3, 2025 at 5:39 am

This is Stake, the same as the online casino gambling?

If yes, then you can deposit this amount into your account, but you have to pay tax for this amount the next time you file ITR. Tax amount might be between 30-35%, as it is considered income from other sources such as gambling, lottery, etc.

Your tax liability will always be on the system and you might get a notice after 2-10 years down the line, if you don’t pay/declare.

No, your bank account will not freeze. The amount is too small of an amount, especially when IT people are looking into people transacting in crores.

Also, IT people usually send a notice to your email/address first. They freeze assets when you are hiding from them.

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 5:46 am

I don’t have any source of Income as of now. So, do I have to file ITR only for this?

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[Shikhalion290]

S

Shikhalion290
PARTICIPANT
April 3, 2025 at 5:52 am

Yes you do.

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[Cooltiger5892]

C

Cooltiger5892
PARTICIPANT
April 3, 2025 at 5:52 am

Yes 👍

But if you have received this money after April 1st 2025, then you need to file your ITR only between April 2026 to July 2026.

If you have received this money between 1st April 2024 to 31st March 2025 (Previous Financial Year, abbreviated as FY 2024-25) , then you have to file taxes this year before July 31st (2025).

Also do discuss with a CA in your city and file taxes with them.

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[Cooltiger5892]

C

Cooltiger5892
PARTICIPANT
April 3, 2025 at 5:53 am

Yes 👍

But if you have received this money after April 1st 2025, then you need to file your ITR only between April 2026 to July 2026.

If you have received this money between 1st April 2024 to 31st March 2025 (Previous Financial Year, abbreviated as FY 2024-25) , then you have to file taxes this year before July 31st (2025).

Also do discuss with a CA in your city and file taxes with them.

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[Proshantanu2191]

P

Proshantanu2191
PARTICIPANT
April 3, 2025 at 5:47 am

Cashout the money

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[Primesarvesh4506]

P

Primesarvesh4506
PARTICIPANT
April 3, 2025 at 5:57 am

Make a dummy account transfer in tht and stop gambling kid.

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 6:00 am

Yes. This was my last gamble 🙂

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[Brightwolf4225]

B

Brightwolf4225
PARTICIPANT
April 3, 2025 at 6:15 am

Donate it to charity they will take some cut and you get remaining or open account in tier 2 banks and deposit there but if you ever get caught don’t take us down with you

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[Indianking7141]

I

Indianking7141
PARTICIPANT
April 3, 2025 at 6:18 am

Try to withdraw money…I have heard many complaints about withdrawal issues from stake

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[Calmhero7100]

C

Calmhero7100
PARTICIPANT
April 3, 2025 at 6:41 am

Try to withdraw in USDT or any other Cryptocurrency.

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 8:10 am

The money is in INR. Is there any way to convert within stake?

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[Calmhero7100]

C

Calmhero7100
PARTICIPANT
April 3, 2025 at 8:16 am

Yeah, Can you tell me what options are there in withdrawal section of stake?

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 8:17 am

Direct bank transfer

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[Calmhero7100]

C

Calmhero7100
PARTICIPANT
April 3, 2025 at 8:22 am

Oh then you can’t convert.
Withdraw in bank account but remember the amount shouldn’t be more than 40,000 INR per transaction. Above 40k all the transactions are flagged by banks.
Withdraw 39,999 everyday.

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[Brightwolf5388]

B

Brightwolf5388
PARTICIPANT
April 3, 2025 at 7:08 am

Use the money to play and win more 😃

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[Niravfox215]

N

Niravfox215
PARTICIPANT
April 3, 2025 at 7:15 am

Out of context question!!!
How did you earn this much?

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[Prostar8453]

P

Prostar8453
OP
April 3, 2025 at 8:11 am

Basically some algorithm assessment and a lots of luck:)

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[Manaveagle730]

M

Manaveagle730
PARTICIPANT
April 3, 2025 at 9:04 am

I’m sorry to hear that you won some money,you read that right… if you are a newbie and not a pro into this gambling then you will most likely loose all of the money you earned and a lot more on top of it. Please stay away from gambling apps as eventually you may get caught by authorities for violating FEMA/ FERA act

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[Pronancy7705]

P

Pronancy7705
PARTICIPANT
April 3, 2025 at 9:36 am

Stake per 3-4k ko 2 lakh kaise convert Kiya bosh

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[Rapidayush7443]

R

Rapidayush7443
PARTICIPANT
April 3, 2025 at 9:59 am

Withdraw small amounts as needed like 10k as I think it won’t be flagged or convert it into crypto

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[Sarveshpanther366]

S

Sarveshpanther366
PARTICIPANT
April 3, 2025 at 10:45 am

You cannot withdraw more than 50k or 60k in a single day from stake for an Indian account so don’t worry.. it will take you 3-4 days to take all the money out and it won’t be a problem.

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[Silentrider6806]

S

Silentrider6806
PARTICIPANT
April 3, 2025 at 10:58 am

stake introduce a 15% withdrawal fee today.

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[Gunjanninja663]

G

Gunjanninja663
PARTICIPANT
April 3, 2025 at 11:34 am

Stop listening to all these people. You don’t need to file any ITR if your yearly income is less than 4 lakhs. Just try to withdraw some money and check it’s source, if it’s not coming from international account and some random account in India, then you are safe. And only withdraw 30k a month. because stake operates through multiple dummy account and chances are you will be credited through different account each time you withdraw.

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[Silentbear242]

S

Silentbear242
PARTICIPANT
April 13, 2025 at 6:45 pm

Hey if it comes from a different account and I withdraw 3-4k some days (like 25k a month) is that fine too

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[Uditguru542]

U

Uditguru542
PARTICIPANT
April 30, 2025 at 4:47 pm

Are you sure about it?

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[Epicbro6115]

E

Epicbro6115
PARTICIPANT
April 3, 2025 at 2:58 pm

Isn’t any type of betting illegal?

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