Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
What should I do if I encounter an error while submitting TDS payment challan online generated from BUSY?
If issue is coming on TDS portal for online submitting the payment challan then need to contact either you chartered accountant or can contact on TDS portal .
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.
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.
What's the process to merge two TCS bills into one 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.
Why would the taxable amounts be different between two similar vouchers?
The taxable amounts be different in two similar vouchers, If you apply the bill sundry after the GST then it wil not consider in the taxable amount.
How do I add another general entry for TDS?
To add another general entry for TDS, go to the General Voucher screen and select the TDS ledger. Then enter the necessary details and save the entry.
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.