Will TDS and TCS deducted reflect in my GST returns automatically from BUSY?
No, TDS deducted will not refeclect the GST Returns it is only reflect invoice value
Frequently Asked Questions
Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
Support
Step-by-step Answers
Which voucher should I change to ensure that TDS is properly applied?
You would typically need to modify the relevant voucher types where TDS transactions are recorded.
The agent asked me to consult a CA on the accounting entries for TDS. Is there any support within the software to guide me on the correct entries?
Yes, we can guide the how to maintain the TDS entries in the BUSY.
Where can I find the launch sheet and action sheet in the TDS text file generated from BUSY? Are both sheets included?
There i a simply text file for TDS which is generated from BUSY .
I need to adjust TDS for advance payments to vendors. How can I handle this adjustment in BUSY?
In BUSY, there is no provision to do the advance payment for the TDS.
Is there an option for rent in TDS category?
Yes, there is an option for rent in the TDS category in BUSY .
Does TCS apply to purchases above a certain amount?
No, TCS applies to sale above a certain amount in BUSY Accounting software.
Will the GST value reduce if TDS is deducted from the bill value?
No TDS deducted from the bill value will not impact your GST value.
How can I check month-wise TDS deductions for an employee in BUSY?
You can view the TDS report either date range wise or Quarter wise.
I need a report in BUSY that displays my TDS and TCS deductions together in one report, rather than separately as in the standard reports. How can I achieve this?
In BUSY, You can view both the report seperately rather then one.
Trusted by Industry Leaders
Ready to scale your
business?
Join 6,00,000+ growing businesses who trust Busy for their financial management. Experience the power of professional accounting in the palm of your hand.
Start Free Trial
No Credit Card Required