Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
I need help creating TDS certificates for my vendors. What is the procedure?
To create TDS certificates for your vendors, follow these steps:
1.Go to Print Email SMS Option.
2.Open TDS/TCS Reports.
3.Select Form 16A.
4.Choose Vendor Details.
5.Set Date Range and Quarter Details.
6.Enter Required Filter Details.
Download TDS Certificates.
Is there any other way I can maintain TDS as per my requirement?
In BUSY, there is a standard configuration for TDS which is non configurable based on the requirements. Further can concern to your authorized channel partner or share your requirement on support@busy.in
The software is not allowing me to mark TDS as 'Not Applicable' for certain voucher entries. What should I do to override this?
If the software is not allowing you to mark TDS as not applicable then make sure that you should have full rights to the user for able to do the changes.
My company's annual turnover has increased beyond the threshold for TCS applicability. How can I make the software stop auto applying TCS deduction?
If you want to stop the auto applying the TCS deduction in the voucher then ignore the TCS deduction popup which shows during the voucher entry asking for apply the TCS.
Why is the software showing higher TDS deduction amounts from last year when I did not perform any TDS-related activities last year?
When you enable the option to check previous year data for TDS 194Q from features and Options then TDS will consider as per the sales turnover including the last year value.
I want to generate TDS certificate for brokerage fees paid in BUSY. What is the procedure for this?
You can generate the TDS certificate for brokerage fees from the below steps.
Step 1: Click on print/email/sms menu
Step 2: Then TDS/TCS reports
Step 3: Then form 16A
How do I get the TDS certificate or TDS details for the deductions made by the software?
You can generate the form 16 A from below steps for TDS certificate in BUSY.
Step 1: Click on print/email/sms menu
Step 2: Then TDS/TCS reports
Step 3: Then form 16A
I am unable to apply the desired TDS bill entry in new invoices in the accounting software. What steps should I follow to set up and select the correct TDS bill entry?
When you want to apply the correct TDS Category in the voucher,make sure that the desired TDS category should tag in the party master and in the TDS bill sundry.
I entered a party under current liabilities for rent paid, but the system is not allowing me to create a reference. Where should I enter the landlord under creditors or debtors?
If you create the party under current liability then you cannot tag the TDS in the party master. You have to create the party as landlord under group sundry creditor.
Why is TDS being booked correctly for some of my transporters in BUSY but not for others, even though I entered the details the same way?
If you entered the details in the same way but still TDS is not showing correctly for some transporters then you need to check the TDS configuration for that transporters.