Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
How can I add two different commission types in the new updated invoice format?
If you have two different TDS commissions then you need to apply in the different invoice instead of same invoice.As in the same invoice only same TDS category get apply.
TDS posting is not asking in Purchase and Payment entry in BUSY
To getting prompt for TDS posting in Purchase and payment need to enable TDS on Party master TDS on Expenses booking need to mention TDS on Paymt./pur.us/194Q Aplicable after limit
Where can I find and create TDS categories?
You can find and create the TDS categories from the below steps.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then TDS Category
Step 4: Then Add
I'm encountering an error message that starting date is out of range in current financial year while trying to generate a TDS report in BUSY. What is causing this error, and what steps can I take to successfully generate the report?
In BUSY, You can check the TDS report data financial year wise. If you want to check the last year data then you need to change the financial year.
I am unable to complete my work due to the unavailability of certain forms like C in BUSY. Are there any add-ons I can purchase to get these forms?
I apologize, but the 27C form is not available in BUSY. you can send feedback email to support@busy.in for 27C form or you can contact to our Solution partner.
Why am I unable to generate the C form in BUSY when other users seem to have access? What do I need to do to get this form?
I apologize, but the 27C form is not available in BUSY. you can send feedback email to support@busy.in for 27C form or you can contact to our Solution partner.
I am unable to open the TCS deduction option for a particular party. How can I enable TCS deduction for a specific party?
Make sure that you have enable the TCS option in that particular party. If the tcs option is disabled then tcs will not get charge for that particular party.
What TDS sections and rates are configured in BUSY by default? How can I customize them?
There are multiple TDS sections and rates in BUSY such as commission to brokerage and contracts to transporters etc if you want you can customize or modify them accordingly
Why is the TDS amount not getting calculated automatically when I enter a transporter payment voucher?
The TDS amount is not getting calculated automatically during the TDS payment voucher. We have to mention the TDS payment amount manually and adjust the correct TDS transport reference.
I am unable to find the relevant TDS category for brokerage fees in BUSY. Where can I find the right category to apply TDS?
You have to select the TDS on commission or brokerage category for the brokerage fee in BUSY. You can find the TDS category in the masters under administration.