Download Contract Note for ICICI Direct Traders

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Maharshi Shah

Contract Note
ICICI Direct
P&L Statement
Last updated on February 9th, 2023

ICICI Direct sends a contract note for all transactions executed on the stock exchange. Contract Note is a legal obligation of every stockbroker.

In conclusion, it is the confirmation of trade, done on a particular day on behalf of a client on a stock exchange. It is generally sent by End of day. Additionally, this document is available in a digitally signed electronic format. Moreover, to view the details of segment-wise profit and loss, the taxpayer can download the Tax P&L Statement from their ICICI Securities portal.

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Steps to Download Contract Note for ICICI Direct

  1. Visit the ICICI Direct portal

    Click on the “Login” optionICICI Homepage

  2. Enter the required details

    User ID
    Password
    Date of Birth or PAN
    StartIn – choose from the drop-down listICICI Enter the required details

  3. Click on the “Login Now” option

    After having added all the detailsICICI Direct Login Page

  4. Once you log in, select the “Customer Service

    Select this option from the dashboard.ICICI Direct Dashboard

  5. Click on the “Statements” option from the left side

    Next, select the “Digital Contract Notes” option.ICICI Direct - Statements Section

  6. Enter the following details to receive a refined result:

    From Date
    To Date
    Market Type
    Document FormatICICI Direct Contract Notes

  7. Next, you will receive a list of all the Contract Notes.

    You can also click on the “Contract Note No.” option to download the file in the PDF Format.ICICI Direct - List of Contract Notes

A Sample of the ICICI Direct CNC:

ICICI Direct Contract Note Image
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FAQs

Will I continue to receive physical contract notes?

ICICI Direct would send a consolidated physical statement for the transactions done during the quarter. This statement would be designed in a very user-friendly format and will be sent to you physically, once in a quarter.

Do I pay anything for the Digital Signed Contract Notes?

No. You do not have to pay anything for the Digital Signed Contract Notes.

For what duration would the Digital Signature Certificate be available on the website?

You can view the Digital Signature Certificate on the website upto seven years.

Is tax audit compulsory for F&O loss?

Tax Audit as per Income Tax Act is applicable:
If the Trading Turnover in a financial year is up to INR 2 Crore and net profit is less than 6% of the trading turnover
If the Trading Turnover exceeds INR 2 Crore irrespective of profit or loss
The limit of turnover to determine tax audit has been increased to Rs. 5 Cr under Budget 2020. The new limit is applicable to FY 2020-21. Read more about it here – Applicability of Tax Audit for Trading Income

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Thanks for the blog! Just one quick question - Why do we have to report a quarterly breakdown of Dividend Income under IFOS?

    Thank you!

  2. I had received dividend recently but I had noticed that TDS had been deducted. any idea as to why has it happened and is there a way I can claim this TDS?

  3. Hey @HarshitShah

    After the introduction of Budget 2020, dividend income is now taxable in the hands of the shareholder; and is also subject to TDS at 10% in excess of INR 5000 u/s 194 & 194K. Foreign Dividend is taxable at slab rates. TDS is not applicable to such dividends. The taxpayer should report such income under the head IFOS in the ITR filed on the Income Tax Website.

    Hope this helps!

  4. Hi @Maulik_Padh,

    You need to pay Income tax on the net taxable income, i.e. after subtracting deductions, expenses, etc.
    If the net taxable income is negative i.e. if there is loss, you can carry it forward when filing the ITR

    Here are some of the articles which might help

  5. Hi @ameyj

    The amount of TDS deducted shall reflect in your Form 26AS only and it will also reflect the name of the deductor.
    Using the name of the deductor you can find out on which share you have received the dividend and you can also cross-check the same in your bank statement.

    Yes, you are right, TDS is to be deducted when the dividend paid exceeds 5000 INR in a financial year. However, the 5,000 INR limit pertains to all the dividends an individual gets in a year, or the total dividend per shareholder that a company pays out in a year, is left to interpretation, and hence registrars and share transfer agents (RTA) are not taking any chances and are deducting TDS even on small amounts.

    Hope this helps :slightly_smiling_face:

  6. Hi @ameyj

    You can submit a grievance on Income Tax Portal mentioning the issue and also attach the 26AS.
    The other option is to leave it as it is and clarify it when the tax department sends the notice.

  7. Hi @TeamQuicko

    Consider that I have 10 shares each of 10 different Indian companies. Each of the 10 companies are declaring a dividend of INR 100 before the FY ends. Now I will be recieving 1000 as dividend from each company, thereby a total of 10,000.

    The 5,000 dividend limit, is it applicable to each company / total dividend recieved by me in a year. If it is applicable to each company, then I would not attract TDS of 10% for dividend.

    Also pl clarify, how would the company B know that I have got shares of Company A,C,D,E so on…

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