Frequently Asked Questions

For TDS Deduction,You have to create the construction expense under group fixed assets.
 Step 1: You need to enable the TDS feature from features and options and in the party master. 
 Step 2: Mention the TDS category in the construction expense account
 Step 3: Book the TDS expense entry through Journal voucher. DEBIT the construction 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 4: 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 making the TDS payment entry then you have to adjust the TDS reference which is created in the purchase or journal voucher.
 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.

If TDS is not reflecting correctly in BUSY, Then follow the below steps.
 Step 1: The TDS feature should be enable in the party master and set the applicability after limit.
 Step 2: Mention the PAN number in the party master for calculating the correct TDS value.
 Step 3: In the TDS bill sundry, the correct tds account should be tag and default value should be zero.
 Step 4: In the TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.
 Step 5: Remove the TDS bill sundry from F9 and add it again in the voucher, As sometimes it get refresh and shows the proper value.

TDS for expense transactions in BUSY is handled, you can do TDS expense Entry through a Journal Voucher option in BUSY.
 Step 1: Go to Transactions click on Journal Voucher option.
 Step 2: Select Voucher Series Name, Date, Voucher no.
 Step 3: GST Nature
 Step 4: Select Debit expense account and credit the Party account, credit TDS Ledger and enter Amount.
 Step 5: You need to Enable TDS on Expense booking in Party Account master.
 Step 6: Select payee Category as Domestic Company or as per the party's details.
 Step 7: click on Save Voucher, after click on save will get popup window of TDS deduction details.
 Step 8: Enter Details of TDS deduction and click on Ok.

To add TDS in purchase voucher, follow the below steps:
Step 1: First you need to enable TDS by going to administration menu then select configuration sub menu.
Step 2: Select features and options and click on TDS / TCS tab.
Step 3: Here, tick on enable TDS reporting and specify the necessary details then set warning only for purchase u/s 194Q and save.
Step 4: Open the party master and when you save it again a window will appear for TDS in that specify the TDS on payment or puchase u/s 194Q as after limit or from start based on your requirement.
Step 5: Now when you add purchase voucher and apply tax the TDS will auto apply in the bill sundry.

By following these steps, you can record a TDS credit note from the seller in BUSY. 
 Step 1: Go to Transactions click on Dr. Note (w/o items) Voucher option. 
 Step 2: Enter on Add option. 
 Step 3: Select Voucher Series Name, Date, Voucher no. 
 Step 4: Specify the GST Nature. If it's not related to GST, you can select "Not Applicable. 
 Step 5: Select the Debit Party Account and credit the TDS on Payment/Purchase of Goods account, then enter the Amount. 
 Step 6: click on Save Voucher, after click on save will get popup window of TDS deduction details. 
 Step 7: Enter Details of TDS deduction and click on Ok.

For charge tds on freight expense follow the below steps:
Step 1: Go to administration then go to features/options
Step 2: In Features/options go to tds/tcs menu and enable tds Reporting and save configuration
Step 3: Go to administration then go master 
Step 4: In master menu go to account section click on modify and open freight account
Step 5: Press enter key after group name and mention Y on tds on expense and choose tds category and save master
Step 6: Go to transaction and then go in journal voucher 
Step 7: Pass accounting entry of freight it show waring calculate tds on current voucher
Step 8: Click yes and then click on post it will automatic charge tds on that voucher.

If TDS deduction window not opening in purchase voucher then follow the steps 
 Step1 Go to administration menu and click on configuration then click on feature option 
 Step2 click on TDS TCS option and make warning for TDS in purchase Under section 194Q option 
 as warning only and save 
 Step2 Go to purchase voucher and check any tds bill sundry ledger have created or not 
 If created then check the adjust in purchase amount option has N and specify here option selected 
 and account head to post option should be tagged TDS ledger 
 Step3 if the gross payment turnover is less than 50 lakhs then tds will not be applied

If the party TDS applicability option is not working correctly in the purchase voucher, Then pls follow the below steps :
 Step 1: For TDS 194Q, Make sure that you have mention the PAN number in the party master. As if we do not mention the PAN number then will get charge by 5 percent rate.
 Step 2: For TDS Expense, Make sure you have mention the correct payee category in the party master.
 Step 3: In TDS bill sundry, Make sure that TDS account is correctly tag and the option on which tds will be calculated.
 Step 4: In TDS Account, Make sure that the correct TDS category should be tag in the tds account master.

When the TDS deduction not working automatically in the BUSY,Then pls follow the below steps :
 Step 1: For TDS 194Q, Make sure that you have mention the PAN number in the party master. As if we do not mention the PAN number then will get charge by 5 percent rate.
 Step 2: For TDS Expense, Make sure you have mention the correct payee category in the party master and Set the applicability.
 Step 3: In TDS bill sundry, Make sure that TDS account is correctly tag and the option on which tds will be calculated.
 Step 4: In TDS Account, Make sure that the correct TDS category should be tag in the tds account master.