Frequently Asked Questions

Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.

BUSY FAQ subcategory answers and support

Support

Step-by-step Answers

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.

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.

How can I set up TDS/TCS deduction for a specific vendor/customer in BUSY? 

You can setup the TDS/TCS deduction for a specific vendor and customer,enable the TDS/TCS option in the vendor and customer master.

How can I apply TDS selectively to specific vouchers? 

You can apply the TDS in the specific vouchers in which you have enable the TDS option in the party master.

How do I enter TCS collected in BUSY 

To enter TCS, you do :
1. enable TCS
2. add entry for TCS
3. do enter all details of TCS in TCS window

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.
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