Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
How do I enter multiple deductive notes in BUSY? I'm getting an error saying only one is allowed.
In BUSY, only one deductive note is allowed per entry. You cannot enter multiple deductive notes in a single entry.
I am unable to find the TDS/TCS returns file generated from BUSY. Where can I locate it?
The TDS and TCS ereturn file get generate default in the BUSYwin folder where BUSY is installed in the system.
Some of my reports are showing incorrect TDS calculations. What ledgers should I check to troubleshoot this?
If your TDS reports is showing incorrect tds calculations you can check the TDS ledger to troubleshoot this issue accordingly
Some entries are not tagged properly TDS from the beginning. How can I bulk fix the tags retrospectively?
When some entries are not tagged TDS from the beginning then have to add it manually in the voucher.
I am unable to see the taxable amount for TDS deduction in the voucher. What should I check?
In the purchase voucher, you can see the taxable amount in the tax summary which shows at left bottom.
How can I apply TDS in BUSY for specific categories like advertising or professional fees from the start?
You can apply the TDS for the specific category by enabling the tds feature only in required expense account.
Can I automate generation of TDS returns across all my BUSY company files from a single place?
No, you cannot automate the generation of TDS returns across all your BUSY company files from a single place.
Can I create my own TDS percentage master account instead of using the ones provided?
Yes, you can create a custom TDS master type in BUSY as create new TDS Category from Master menu.
I am unable to find the option to create purchase voucher TDS references in BUSY. How do I create references for purchase vouchers?
When the TDS feature in enable in the party master then tds reference creation window show in the voucher.
Should I choose not applicable in GST nature if TDS is deducted through journal?
Yes you should use GST nature as not applicable in GST nature field if TDS deducted through journal voucher.