Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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
Why can't I save the customized TDS tax categories and rates in the software?
You will be able to the customize the tds rate from the company super user, if you have not given the rights to the sub user.
How can I generate TDS certificates for vendors using BUSY?
You can generate the form 16 from the below steps.
Step 1: Click on print/email/sms menu
Step 2: Then TDS/TCS reports
Step 3: Then form 16A
How can I make the deductible TDS amount appear correctly in the TDS report?
When you create the proper TDS references in the purchase voucher and adjust in the payment voucher then will show properly in the TDS report.
Why are the salary TDS deductions not visible in the Q form in BUSY?
The salary TDS deduction is a part of form 24Q which is make on employee salary and form 26Q belongs to the non salary TDS.
What's the process for modifying or correcting old bills with incorrect TDS calculations?
The process for modifying or correcting old bills with incorrect TDS calculations is to check the TDS audit report and then correct the vouchers manually.
Why am I unable to enter the percentage amount for deductions in BUSY?
If you unable to add the percentage amount for the deduction the make sure that the configuration should be proper in the TDS bill sundry.
How do I apply TDS selectively to specific vouchers in BUSY?
For applying the TDS to selective vouchers, You need to enable the TDS in specific party master only. Then TDS will charge in that vouchers.