Frequently Asked Questions

Pls follow the below steps for maintaining TDS and TCS in BUSY.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS and TCS as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
 Step 8: Then in purchase voucher will calculate automatically the TDS and TCS in the sale voucher and reference will get create.
 Pls follow the below steps for TDS and TCS reporting in the BUSY.
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Step 4: Then TCS Collection details

When previous year TDS reference is pending then can adjust that reference in the current financial year.
 Pls follow the below steps:
 Step 1: In the last year, you have to create the liability by name tds payable account under current liability
 Step 2: Go to the transaction and pass the journal voucher, DEBIT the tds payable account and CREDIT the tds account.While saving the voucher adjust the tds reference and add the bank details later when you do the payemnt.Then the balance will get carry forward in the tds payable account.
 Step 3: Change the financial year with new and changed masters from Administration menu.
 Step 4: Go to the transactions, Pass the tds payment entry through journal or payment voucher. DEBIT the tds payable account and CREDIT the cash or bank account.

If you manually deduct the TDS in the voucher then make sure you have created the proper TDS reference in the voucher. If the reference are created properly then will show in the TDS report.
 Pls follow the below steps : 
 Step 1: Enable the TDS category in the party and in expense master. 
 Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the expense account and CREDIT the party account and TDS account. 
 When you save the voucher the tds reference will get create and can adjust the refernce during the TDS payment. 
 Step 3: When you do the TDS payment, Then DEBIT the tds acccount and CREDIT the bank account. Adjust the tds reference which you have created in while booking the tds entry.

To setup the TDS calculate automatically for the vendor bills exceeded with 50 lakh then make sure that tds configuration should done properly in BUSY and TDS is enable in the party master.
 Pls Follow the Below the Steps for TDS Calculation :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom.
 Step 6: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

When previous year TDS reference is pending then can adjust that reference in the current financial year.
 Pls follow the below steps:
 Step 1: In the last year, you have to create the liability by name tds payable account under current liability
 Step 2: Go to the transaction and pass the journal voucher, DEBIT the tds payable account and CREDIT the tds account.While saving the voucher adjust the tds reference and add the bank details later when you do the payemnt.Then the balance will get carry forward in the tds payable account.
 Step 3: Change the financial year with new and changed masters from Administration menu.
 Step 4: Go to the transactions, Pass the tds payment entry through journal or payment voucher. DEBIT the tds payable account and CREDIT the cash or bank account.

When previous year TDS reference is pending then can adjust that reference in the current financial year.
 Pls follow the below steps:
 Step 1: In the last year, you have to create the liability by name tds payable account under current liability
 Step 2: Go to the transaction and pass the journal voucher, DEBIT the tds payable account and CREDIT the tds account.While saving the voucher adjust the tds reference and add the bank details later when you do the payemnt.Then the balance will get carry forward in the tds payable account.
 Step 3: Change the financial year with new and changed masters from Administration menu.
 Step 4: Go to the transactions, Pass the tds payment entry through journal or payment voucher. DEBIT the tds payable account and CREDIT the cash or bank account.

When previous year TDS reference is pending then can adjust that reference in the current financial year.
 Pls follow the below steps:
 Step 1: In the last year, you have to create the liability by name tds payable account under current liability
 Step 2: Go to the transaction and pass the journal voucher, DEBIT the tds payable account and CREDIT the tds account.While saving the voucher adjust the tds reference and add the bank details later when you do the payemnt.Then the balance will get carry forward in the tds payable account.
 Step 3: Change the financial year with new and changed masters from Administration menu.
 Step 4: Go to the transactions, Pass the tds payment entry through journal or payment voucher. DEBIT the tds payable account and CREDIT the cash or bank account.

You can view the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details or other TDS reports also.
 Here select the category and then apply filter on party to view the report.
 You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
 Pls check the below steps.
 Step 1: Click on Print/Email/SMS
 Step 2: Then TDS/TCS report
 Step 3: Then e TDS return non salary
 Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.

For TCS, You have to apply the TCS bill sundry in the sales voucher then tcs reference will get create and adjust it during receipt voucher.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Open the party account in modify mode, then enable the TCS category and Payee category in the party account.
 Step 6: Book the TCS entry through sales voucher by adding the TCS bill sundry.When you save the voucher then tcs reference will get create and can adjust the refernce during the receipt voucher.
 Step 7: When you do the TCS payment, Then DEBIT the tds acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

If you manually deduct the TDS in the voucher then make sure you have created the proper TDS reference in the voucher. If the reference are created properly then will show in the TDS report.
 Pls follow the below steps : 
 Step 1: Enable the TDS category in the party and in expense master. 
 Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the expense account and CREDIT the party account and TDS account. 
 When you save the voucher the tds reference will get create and can adjust the refernce during the TDS payment. 
 Step 3: When you do the TDS payment, Then DEBIT the tds acccount and CREDIT the bank account. Adjust the tds reference which you have created in while booking the tds entry.