Frequently Asked
Questions

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

FAQs

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.

I am unable to view or generate salary TDS reports in BUSY. How can I access salary TDS reports?

You can view the TDS salary report from the below steps.
 Step 1: Click on Display
 Step 2: Then TDS/TCS report
 Step 3: Then form 24Q

Why is the TDS not reflecting in the final GST report in BUSY after adding it?

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.

How frequently is TDS data updated from the government in BUSY? Is it real time?

From BUSY you can export the TDS Ereturn quater basis and upload it on govt. portal manually . there is no optionavailable for real time updation

I want the TDS amounts to reflect automatically in credit/debit notes when entered. How can I configure this?

The TDS amount automatically reflect in the credit and debit note with items voucher but for without items voucher you have to enter it manually.

Why am I unable to find the TDS section or deduction option when making payments to certain parties?

If you are unable to find the TDS section for certain parties then make sure that the TCS feature is enable in the party master.

I want to configure TDS deductions on all vouchers. What settings do I need to enable?

You can apply the TDS in the purchase and the payment voucher.If you want to add it in other voucher then can enter it manually.

What code do I need to input in the BUSY collection window to apply .% TCS?

Make sure that the PAN number should be entered in the party master.Then 0.1% will get apply in the TCS window for collction code R.

How can I check if TDS deduction has been applied properly on brokerage fees in BUSY?

You can check in TDS report if its properly showing the data in each column then its means that the TDS has been deducted properly.