Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
Can I manually compile TDS return data and file it if the software bug is not resolved before the deadline?
Yes, you can manually compile TDS return data and file it if the software bug is not resolved before the deadline.
How can I customize the date range for the TCS report, as it seems limited to certain months?
You can view the TCS report as per the date range or can see the quarter wise of that financial year.
How can I ensure that TDS is applied to multiple items in a single invoice in BUSY?
When you apply the TDS bill sundry in the invoice then its value consider on proportionate basis in the all items.
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.
I have tagged transactions in the middle of my data. How can I get all the old untagged transactions to show in my TCS report?
You have to manually add the TCS bill sundry in each transaction after that will reflect in the TCS report.
Who can I contact to get assistance with customizing BUSY for automatic TCS collection?
You can contact us anytime for the support or email at us support@busy.in. Also can contact to the channel partner.
What is the correct TDS category for salary payments in BUSY?
For Salary Payment, You have to select the TDS salary account whose tax type structure should be TDS Non salary.
For TDS deductions, should I consider taxable value or total invoice value in BUSY? What is the recommended approach?
TDS is deducted on the taxable value for expenses, while for goods, it is deducted on the total invoice value.