Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
Why doesn't the Q report reflect TDS deductions on the due date, even if the payment hasn't been made yet? Shouldn't it consider the due date rather than the payment date?
The 26Q report doesn't reflect TDS deductions on the due date because it considers the actual payment date.
How can I pay the supplier the net amount after TDS deduction and remit the TDS to the government correctly in BUSY?
You can pay the amount to the supplier through the payment voucher in BUSY with the net amount.
If I cut TDS in the jungle in BUSY, will it still create the TDS reference properly?
Yes, if TDS is cut in the jungle in BUSY, it will still create the TDS reference properly.
TCS 27EQ report is not showing any record for the relevent Quarter
TCS 27EQ report reflect after TCS ledger payment entry with adjustment of TCS reference of the relevent Quatar
How do I adjust TDS deducted in my sales invoices in BUSY?
In BUSY, You can deduct the TDS in the sales invoive and adjust in during the payment voucher.
What category should I select in BUSY to get TDS deduction on brokerage fees?
You have to select the TDS on commission or brokerage category for the brokerage fee in BUSY.
Why is the wrong TDS category being picked up for some bills?
If you select the wrong TDS Category in the expense account then you have to correct it.