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    On account of settlement holiday - Chhatrapati Shivaji Maharaj Jayanti on February 19th, 2026, some facilities will not be available
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    Online Trading

    Can loss from one transaction be set off against gain from another transaction while calculating TDS?

    Yes. As per the Tax laws, setting off of losses against gains is permitted as below:

    1. Set off between short term profits and short-term losses across all transactions and across all scrips within a day
    2. Carry forward of short-term net losses of previous day for set off against short term profits of future days within a month or future months till the end of financial year Please note that set off of losses is permitted only against future profits and not on against earlier profits. The loss can be carried forward for set off either till it is completely set-off against future profits or till the last day of the financial year, whichever is earlier. Thereby, TDS once computed on a net profit (after adjusting carry forward losses, if any) for a day cannot be set off against loss in future.
    On which exchanges will I be able to buy and sell shares? Which shares will I be able to buy and sell? Do I get online confirmation of orders and trades? Can I buy and sell shares on the same day in my NRI account (square off on the same day)? Can I trade on margin? Why am I not able to place certain orders and conduct certain actions under Equity products? How is Long-Term & Short-Term capital gain calculated? Will Losses on Cash transactions be set off against Profits in Derivatives transactions and vice versa for TDS calculation? Will I get any certificate for Tax deducted at source? Can I sell 100 shares in one order, of which 75 bought through IPO and 25 from secondary market? Where can the TDS amount be seen? Can losses of current Financial Year be carried forward to the next Financial Year for set off against profits in that year? How will I be informed of my trade execution? What is a contract note? Can I use the sale amount to buy new shares immediately? For how long would my order be valid for execution? How is my trading limit positive when I have not allocated any funds from my Bank A/c? How do I distinguish between accounts linked to PINS/ Non PINS NRE/NRO account? Do I need to specify my A/c linked to NRE/NRO while placing any buy/sale order? Can I place a buy order in other linked accounts (NRO) or vice versa if I have trading limit available in one linked account (NRE)? Can I withdraw the amount allocated for trading? How do I trade on ICICI Direct? How to invest in Mutual Funds using ICICI Direct? Do I need to maintain two separate trading limits for NRE and NRO accounts? I want to buy shares but I do not have any money in my Bank Account. What do I do? What happens when I allocate the amount for online investing?
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