Frequently Asked Questions

When the TDS is not calculating automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

To upload TDS e-Return 26Q.txt or 27EQ.txt file, please follow these steps :
Step 1 : Go to Print/Email/SMS then TDS/TCS reports
Step 2 : CLick on e-TDS return(Non- salary) and e-TCS return then Generate the Form 26Q and 27EQ
Step 3 : Generate the file. The file will be .txt extension
Step 4 : e-TDS/e-TCS return can be prepared using Return Preparation Utility provided by NSDL Portal and you can upload the BUSY-generated Form26Q.TXT file in that tool
Step 5 : Once the file has been uploaded, verify using the File Validation Utility (FVU) provided by NSDL.
Step 6 : In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU.
Step 7 : Generated .fvu file can be submitted at TIN-FC or uploaded at https://www.incometax.gov.in/iec/foportal/ website

To properly tag or map TDS deduction categories to the relevant transactions in the accounting software, you need to follow these steps:
 1. Open the party master and select the party for which you want to apply TDS deduction.
 2. In the party master, select the appropriate TDS category for the party based on the type of transaction (e.g., TDS on purchase, TDS on professional services).
 3. Ensure that the expense account for the service is correctly tagged with the TDS category.
 4. Make sure that the correct TDS rate is applied for the selected category.
 5. Save the changes and apply TDS deduction to the relevant vouchers or transactions.
 By following these steps, you will be able to properly tag or map TDS deduction categories to the relevant transactions in the accounting software.

When the TDS is not calculating automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

When the TDS is not calculating automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

When the TDS is not calculating automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

You can link the TDS deduction by applying the TDS in the purchase voucher and make sure that the configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

You can link the TDS deduction by applying the TDS in the purchase voucher and make sure that the configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

When the TDS is not calculating automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

To configure TDS deductions in BUSY, you need to follow these steps:
 1. Go to the Masters menu and select TDS Category option in that option you will get Add, Modify & list option.
 2. If require tds category is not there than you need to create new TDS category.
 3. Fill in the required details such as TDS Section, TDS Rate, and Threshold Limit & Save the entry.
 4. Now, go to the Masters menu again and select Party.
 5. Select the party for which you want to enable TDS.
 6. In the TDS/TCS info. for Acc. TDS on expense booking should be enable and therafter select the TDS payee category which you have already created.
 7. Save the party details.
 By following these steps, you can configure TDS deductions in BUSY.