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.
Frequently Asked Questions
Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
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Step-by-step Answers
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.
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.
How can I enable automatic TDS/TCS deduction in BUSY?
To enable TDS/TCS in BUSY:
Step 1 : CLick on administration
Step 2 : Configuration
Step 3 : Features and options
Step 4 : TDS/TCS
Step 5 : Configure it
I made multiple TCS entries for different parties in one voucher but only one TDS reference number is getting generated. How can I have separate references for each party's TCS deduction?
In one voucher, only one TCS reference get maintain according to the party.For multiple tcs entries in single voucher not get maintain multiple reference.
I need to add two commission amounts in the new invoice format, but TDS is being calculated only on one. How can I apply TDS on the total commission?
In the voucher, the TDS get charge of two same TDS category. You have to mention the consolidated amount in the TDS bill sundry.
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