Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
How can I adjust TCS taken on two different bills into one payment voucher in BUSY?
You can adjust the two TCS bills in the one payment voucher on the basis of sub category code or reference to be selected in the TCS window.
What are the different TDS categories available in BUSY?
BUSY has various TDS categories, such as Commission or Brokerage, Contract to Individuals/HUF, Contract to Others, and more. You can also create your own TDS category if needed.
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.
I want to record TDS deductions for multiple expense heads in one voucher entry. Is there a way to do this in BUSY software?
No, You can only record the single expense head in the single voucher entry. For multiple expense head you need to do the seperate voucher entry in BUSY.
I want to tag the TCS account under different ledger heads for sales and purchases. What is the process to do this?
In single TCS Bil sundry can tag single tcs account. If you want to tag multiple tcs account then have to create different bill sundries and tag it.
I am trying to apply TDS on a purchase voucher, but it is showing an error saying "TDS cannot be applied". How can I resolve this in BUSY?
While applying the TDS on purchase voucher but showing error TDS cannot be applied then Make sure that the TDS bill sundry configuration has been properly defined.
I want to deduct TDS for a vendor at a custom rate (for example, %) instead of the default rate. How can I do this in BUSY?
If you want to deduct the TDS at a custom rate then you need to manually enter the tds rate in the bill sundry for particular vendor.
I am getting errors when trying to save TDS enabled vendors in BUSY. What could be causing this and how can I fix it?
When you enable the TDS feature and leave the blank payee party category then error shows it. You must mention the payee category in the party master.
Could you guide me through the process of claiming TDS credit in BUSY, including the relevant modules and forms?
You can mention the TDS credit in all the modules of BUSY.You have to manually pass the TDS credit claiming in the BUSY through the journal voucher.
How can I consolidate multiple credit entries of TCS into a single payment voucher?
You can merge the two TCS bill in the payment voucher on the basis of sub category code or reference to be selected in the TCS window.