I am facing problems with TDS and TCS deductions in BUSY. Who should I contact to get this resolved?
For facing the TDS and TCS deductions in BUSY then you can contact to the channel partner and can contact to us.
Frequently Asked Questions
Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
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Step-by-step Answers
Why is the PAN number not being considered while calculating TDS in purchase vouchers?
To calculate the correct TDS value in the purchase voucher then you need to enter the PAN number in the party master.
Why is BUSY not allowing me to modify the default TDS percentage for vendors?
If you are not able to able to modify the TDS percentage then make sure you should have rights to modify it.
How do I generate dual vouchers for TCS in BUSY? What is the process?
To generate Dual voucher you need to enter Sale voucher from Transaction and Enter TCS in bill sundry in during voucher entry
Is there any way to make the TDS deduction automatic?
Yes, it is possible to make the TDS deduction automatic in BUSY if the limit is crossed either for expense or puchase.
How can check form TDS Q annexure report.
Can check TDS 26Q annexure report by following ways:
Step: 1 Go to display.
Step: 2 TDS Report.
Step: 3 Check form 26Q Annexure report.
I have enabled the TDS deduction warning as per Section Q in BUSY, but it is still deducting TDS. How can I stop TDS deduction completely?
If you want to stop the TDS deduction completely then you need to disable the TDS feature in the party master.
TCS amount collected at source in the sales voucher is not reflecting in the current assets in BUSY. How can I address this?
TCS is a part of duties and taxes , It will show the amount under current liability in the balance sheet.
My vouchers are getting saved directly without showing the TDS pop-up. How can I ensure the TDS pop-up opens before voucher saving?
The TDS popup will show when your threshold limit get cross and TDS option should be enabled in the party master.
Can I still use my old tax return file made in the previous version of BUSY with the latest version?
Yes, you can still use your old tax return file made in the previous version of BUSY with the latest version.
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