What happens if I have net losses? No TDS will be applicable in case of net losses at the time of withdrawal or at the end of the financial year. Related articles How is TDS calculated? Is there any threshold amount above which the TDS will be deducted? What happens if I don’t make any withdrawals during the financial year? Do you deduct tax on winning? Will my account balance, held till 31 March 2023, also get affected?