Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
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Tax Collected at Source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. As per new rules applicable from 1st October 2020, a seller selling any commodity to a party is required to collect TCS based on certain conditions. If...
If you're facing errors when trying to save TDS-related entries in the software, you can resolve this issue by following these steps carefully:
Step 1: Go to the Transactions section in the software.
Step 2: Click on Journal Voucher.
Step 3: Click on modify option to edit journal entry.
Step...
To configure the TCS /TDS configuration should done properly in BUSY and TCS/TDS is enable in the party master.
Pls Follow the Below the Steps for TCS/TDS Calculation :
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Enable the TDS/TCS option...
To set up TDS deductions for rent and salary in BUSY, follow these step-by-step instructions:
For Rent Deductions:
1: Go to the Administration Menu.
2: Click on Masters.
3: Select Account.
4: Click Modify and search for the Rent Master. Then, click Enter.
5: In the popup window, select...
To resolve the issue of not being able to see the TDS entries in the 26Q form you need to ensure that you have correctly entered the TDS payment vouchers with proper references and codes. for Double-check your entries & how to do JV & payment entry. Kindly follow the...
To maintain the accounting for TDS or TCS deductions in BUSY you need to follow the steps
1 Go to administration menu and click to configuration then click on feature option
2 Then click to TDS TCS and enable TDS and TCS Reporting
3 enable warnning for TDS in...
Tax Deducted at Source (TDS) is the tax deducted by a buyer for the payment of the goods purchased. As per section 194Q, the buyer is liable to deduct TDS @ 0.1%of the purchase value above INR 50 Lakhs if PAN of the seller is available and @5% if PAN...
If TCS bill sundry is not showing while doing voucher entry please follow these steps:
Step 1: Go to administration menu then click on configuration submenu
Step 2: Click on features and options tab after that click on TDS/TCS option
Step 3: Ensure that enable TCS reporting option checkbox is...
Find out the steps to configure TDS in BUSY
Step1 : First go to administration
Step 2 : Then go to configuration
Step 3 : Then go to features and option
Step 4 : Then go to Tds/Tcs option
Step 5 : Then enable tds Reporting option and can set...
If your ledger balance is showing wrong figures in which you have applied the tds then please follow these steps to get this issue resolved:
Step 1: Go to administration menu
Step 2: Then click on configuration
Step 3: Then click on features and option
Step 4: Then make sure...
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