Frequently Asked Questions

To stop TCS deduction for a specific party if their turnover is less than 50 Lakhs in the current year, follow these steps: 
 Step 1: Open the Administration Menu. 
 Step 2: Click on Masters. 
 Step 3: Select Account Menu. 
 Step 4: Under Account Menu, click on Modify. 
 Step 5: Choose the party's name for which you're getting TCS deduction warnings even for low-value invoices. 
 Step 6: After selecting the party, the TDS/TCS Info. for Account pop-up window will appear. 
 Step 7: In the TDS/TCS Info. for Account pop-up, click on the drop-down menu for TCS on Rcpt./Sale u/s 206C(1H) and choose the option Applicable after limit. This means TCS won't be deducted for that party until their turnover reaches the 50 lakhs limit.

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 correct or modify a TCS voucher entry in BUSY Software if you notice an error later, you can follow these steps:
 1. Open the voucher entry screen in BUSY Software.
 2. Locate the TCS voucher entry that needs to be corrected or modified.
 3. Edit the voucher entry and make the necessary changes to correct the error.
 4. Save the modified voucher entry.
 5. Verify that the TCS amount and other details are now correct.
 6. If required, you can also make any additional adjustments or changes to related entries or accounts.
 7. Save the changes and exit the voucher entry screen.
 By following these steps, you will be able to correct or modify a TCS voucher entry in BUSY Software if you notice an error later.

To Generate a TDS Report In BUSY you can follow these steps: 
 Step 1: Go To Display Menu. 
 Step 2: Click on TDS/TCS Reports. 
 Step 3: Enter on TDS Deduction Details (Non - Salary ) option. 
 Step 4: Choose option: All TDS Category Or Selected Category. 
 Step 5: Choose TDS References option: All Or pending References 
 Step 6: Choose TDS Deductee: All Deductee Or One Deductee. 
 Step 7: Select option for generate TDS reports Starting date,Ending date,status as on. and click on OK. 
 Step 8: Report will be displayed on the screen. Users can then choose to either export the report to save it in a digital format or print it out as a hard copy for their records or further use.

There could be several reasons why you are unable to tag the right expense account for TDS deductions in BUSY. Some possible reasons could be:
 1. Incorrect setup: Make sure that you have properly set up the TDS deduction feature in the software. Check if you have enabled TDS and configured the necessary settings.
 2. Incorrect category selection: Ensure that you are selecting the correct TDS category for the expense account. Each TDS category corresponds to a specific type of expense, so choose the appropriate category for the expense you want to deduct TDS from.
 3. Incomplete or missing information: Double-check if you have entered all the required information for the expense account, such as the PAN details of the party, TDS rate, and TDS section.

In BUSY, you cannot pre define the lower rate of tds along with certificate number in party master. Further, you need to manually enable the lower rate applicability in voucher for particular party and update the tds percentage in tds deduction details window. You can follow these steps to post purchase voucher on lower rate of tds.
Step 1: Go to transaction section then click on purchase voucher and click on add tab.
Step 2: Now, Create the the purchase voucher with necessary details then apply tds along with tax in bill sundry.
Step 3: While save the voucher, you will get TDS deduction details window in which you need to enable the lower rate applicable and update reason with certificate no.
Step 4: Then, specify the tds percentage and save the voucher.

To resolve the issue of not finding Form 16 in your company's account in BUSY. you need to follow the following steps. Form 16 is your salary TDS certificate
 Step 1: Form 16 feature is available in Enterprise Edition only.
 Step 2: You need to enable this feature Go to Administration Menu click on Configuration, Feature Options.
 Step 3: Click on Enterprise Features and enable Payroll model.
 Step 4: Click on payroll configuration and Enable TDS on Salary.
 Step 5: To generate Form 16 report Go to Print /Email SMS and click on TDS/TCS Reports.
 Step 6: Under TDS/TCS Reports click on Form 16 to generate select employee range, date and other details.
 Step 7: after selecting required option you can print, preview, export in pdf & html format.

To generate TCS and TDS Report in the BUSY, you can follow the given steps:
Step 1: Click on the Display menu.
Step 2: Select TDS/TCS Report.
Step 3: Choose TDS Deduction detail (Non Salary) for TDS. You will see a window of "All 
TDS category & Selected category," and you can select any of these options.
Step 4: You will see All References and Pending References, and then you can choose 
between All Deductee and One Deductee.
Step 5: For the TCS report, choose the TCS collection detail option under the same menu.
You will see a window of "All TCS category & Selected category," and you can choose any
of these options. You will then see All References and Pending References options. You can
select any of these options to check the respective report.

If the rent paid to landlord entry, you have to enable the TDS option in the rent account and in the party master.After that create and adjust the TDS references from below steps.
 Step 1: Mention the TDS Category in the rent account and enable the option in the party 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 reference 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.

For correctly tag TDS in some TDS entries so that should show proper in the TDS report, then follow below steps.
 Step 1: Make sure the TDS feature is enabled from the features and Options.
 Step 2: Tag the TDS category in the expense account and Enable the TDS option and mention the TDS applicability in the party master.
 Step 3: In the TDS Bill sundry, Make sure to tag the TDS account in the option of Account head to post for Adjust in the purchase amount.
 Step 4: Open the required purchase voucher then apply the TDS bill sundry and while saving the voucher then TDS reference window will get open. You have to create the reference and during the payment voucher adjust it that reference.