Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

FAQs

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.

I made a new TDS bill entry, but it is not getting picked up by default during invoice creation. How can I set the new TDS bill entry as the default option?

The BUSY software pick the only default bill sundry from the F4 shortcut key. The new bill sundry have to add it manually in the voucher.

I want the accounting software to pick up a new TDS bill entry I created rather than the old default one. What configuration do I need to change for this?

The BUSY software pick the only default bill sundry from the F4 shortcut key. The new bill sundry have to add it manually in the voucher.

The TDS amount is not reflecting in my sales bills even after deducting TDS. What settings do I need to change in BUSY to show TDS deductions on bills?

If the TDS amount is not reflecting in the sales voucher then make sure that the TDS bill sundry should be configured properly in the BUSY.

The accounting software automatically applies a default TDS bill entry when I create new invoices. How can I override this and select my preferred TDS bill entry instead?

The BUSY software pick the only default bill sundry from the F4 shortcut key. The new bill sundry have to add it manually in the voucher.

I have enabled TDS in BUSY, but I am still not able to generate Form What could be the reason for this?

Pls follow the steps to generate the form 16 A.
 Step 1: Click on print/email/sms menu
 Step 2: Then TDS/TCS reports
 Step 3: Then form 16A

I want to charge TCS on sales invoices but it is not showing up in the TCS section. What should I do?

If you want to charge the TCS in the sales invoice,then make sure that tcs feature should enable in the BUSY and in the party master.

I entered TCS in a sales invoice but it is not showing in the GST reports. How can I resolve this?

The TCS data shows properly with reference wise in the TCS report but in the GST report, the TDS value get add in the invoice value.