Frequently Asked Questions

To verify if TDS has been deducted correctly in BUSY, you can generate TDS reports in the software. These reports will show the details of TDS deductions made for different parties and transactions. You can compare the deducted amounts with the actual TDS rates and verify if they match. Additionally, you can cross-check the TDS entries in the vouchers to ensure they are recorded accurately.
 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.

The TDS may not be coming in the right ledger account due to incorrect configuration or tagging of the TDS ledger in BUSY. Please ensure that the TDS ledger is properly created and tagged to the relevant transactions for accurate accounting.
 Step 1: Go to Administration and click on Masters. Step 2: Under Master click on Account and click on modify option. Step 3: Select party which is not showing for TDS for deduct while doing purchase entry. Step 4: After modify to party account enter on Group you will get popup of TDS/TCS info for acc. window. Step 5: Check have you enable or not to TDS on Expense booking and TDS on pymnt./purc.u/s 194Q option. 
 Step 6: if not than you need to enable TDS on Expense booking option and select under TDS on pymnt./purc.u/s 194Q option Applicable from start or Applicable after limit. 
 Step 7: Select payee Category as Domestic Company or as per the party's details. and click on OK. 
 Step 8: click on save. After saving, recheck the purchase voucher to confirm that TDS 194Q is now deducting for the specified party.

In BUSY, you cannot import tds category through excel. You can import it through Xml process when the configuration will get match with the our company.
 Pls follow the below steps for importing through XML :
 Step 1: Click on Administration from source company
 Step 2: Then Data export import
 Step 3: Then export data
 Step 4: Then masters, Untick the all option and tick the only tds category
 Step 5: Specify the folder path for the export 
 Step 6: Open the target company
 Step 7: Click on Administration
 Step 8: Then import data
 Step 9: Then mention the folder path which you have exported from the source company
 Step 10: Then import it with match configuration.
 If there are only few TDS category then you can add it manually in the company.
 Pls follow the below steps for creating the TDS Category :
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then TDS Category
 Step 4: Then Add the TDS Category, then tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.

To fix the issue related to TDS rates, please follow these steps:
 Step 1: Go to the Administration Menu and select Masters, then choose Account and select Modify Mode.
 Step 2: Select the respective account from the dropdown menu where you are facing TDS rate issues.
 Step 3: While in Modify mode, when you press Enter on the account group, a TDS/TCS information window will appear.
 Step 4: Take note of the Payee Category tag under the TDS/TCS information.
 Step 5: Similarly, you need to open the respective expense master and note down its TDS category master.
 Step 6: Now, go to the Administration Menu and select Masters, then choose "TDS Category" Master and select Modify mode.
 Step 7: Select the TDS category for the expense from the dropdown list and open it in Modify mode.
 Step 8: Choose the noted Payee category and correct/update the TDS rate, specifying whether it's With PAN or Without PAN.
 By following these steps, you will rectify and update the TDS rates for the respective expense, and when you post a voucher, it will deduct the correct TDS percentage.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.Make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.

To setup the TCS in BUSY that it should deduct after crossing the limit of 50 lakh.make sure that TCS configuration should done properly in BUSY and TCS is enable in the party master.
 Pls Follow the Below the Steps for TCS 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: 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 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.