How can I add multiple TDS references in the same voucher for different TDS sections?
In the same voucher, You cannot add multiple TDS references with the different TDS categories.
Frequently Asked Questions
Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
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Step-by-step Answers
The PAN number is not populating even though I linked it. What should I check?
You should check if the PAN number is correctly linked and entered in the system.
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.
How do I remove the serial number/party number from the TDS report?
In default TDS report , Party Number or serial number not showing.
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