Frequently Asked Questions

When you add the TDS payment then you need to select the TDS category while saving the voucher then TDS popup window will show after that select the TDS reference and adjust it.

BUSY applies TDS/TCS based on the rate specified in the TDS category and whether the party has a PAN or not. It also checks if the transaction meets the criteria for TDS/TCS deduction.

The GST and TDS will get apply in both the items if you apply the GST and TDS in the bill sundry.Make sure that the TDS bill sundry configuration should be proper.

You can create the new party for testing the TDS configuration. This will not impact the any party ledger balance in BUSY. After testing the TDS configuration then can remove that entry.

If one voucher is missing in the TCS report then make sure you have created the reference of that voucher. As without TCS reference data will not showing in the TCS report.

You can generate the TDS challan from the below option.
Step 1: Click on Print/Email/Sms
Step 2: Then TDS/TCS reports
Step 3: Then Bank challan
Step 4: Select the TDS and can preview then print it

The TCS amount is going to the Duty & Taxes head in BUSY instead of TCS because it needs to be tagged under the TCS category in the Duties & Taxes section.

If the TDS is being deducted 2 percent when already mention the PAN number in the party master.Then check the TDS bill sundry default value should be zero instead of 2 percent.

when tds charge from party journal entry may be expesnse account debit ,party account credit and tds account credit
Note- For Accounting entry you can consult from your accountant or from your ca

Book the TCS entry through sales voucher by adding the TCS bill sundry.When you save the voucher then tcs reference will get create and can adjust the reference during the receipt voucher.