Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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
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.
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.
Where is the account name field located in the TDS report F or F?
The location of the account name field in the TDS report is specified at F4 as Deductee Name .
How can I adjust multiple TCS entries into one payment voucher?
You have to adjust the TCS entries one by one. As it has to be done on party wise.
TCS BRANCH WISE
Please elaborate the query to solve it accurately on Please elaborate the query to solve it accurately on support@busy.in
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.
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.