Frequently Asked
Questions

Q: I am unable to find the TDS report in BUSY. How can I enable and view the TDS report?

If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps. Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Then click on TDS/TCS Step 5: Enable the TDS/TCS option Step 6: Mention the warning for TDS as per your requirement in the bottom. 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 Here select the category and then apply filter on party to view the report.

Q: I am unable to generate TDS reports in BUSY. What should I do to resolve this issue?

If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps. Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Then click on TDS/TCS Step 5: Enable the TDS/TCS option Step 6: Mention the warning for TDS as per your requirement in the bottom. 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 Here select the category and then apply filter on party to view the report.

Q: How can I configure TDS on rent expenses in BUSY? Where do I need to enable it?

The correct way to record the rent expenses in BUSY. Step 1: You have to create the rent account in under indirect expense and tag the tds category of rent on land, building,furniture etc. Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the doctor fee 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.

Q: How can I resolve issues with TDS calculations on purchase bills?

To resolve issues with the TDS calculations on purchase bills, Then follow the below steps. Step 1: Make sure the TDS feature is enabled from the GST/VAT option from configuration under Administration. Step 2: The TDS feature should be enable in the party master and set the applicability after limit. Step 3: Mention the PAN number in the party master for calculating the correct TDS value. Step 4: In the TDS bill sundry, the correct tds account should be tag and default value should be zero. Step 5: In the TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Q: How can i do TDS entry in BUSY through a Jounral Voucher option?

Yes, you can do TDS 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.

Q: How do I ensure accurate TDS deductions in my reports?

For accurate TDS deduction in the reports, 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.

Q: How can I add TDS in purchase voucher?

To deduct TDS in purchase voucher, you need to follow these steps: Step 1: First you need to enable TDS by going to administration menu then click on configuration. Step 2: Select features and options then click on TDS or TCS tab and tick on enable TDS reporting. Step 3: Enter the required details and set warning only in the warning for tds in purchase u/s 194Q then save. Step 4: Open the party master and when you enter on group a window will appear in which you can configure for TDS and specify the payee category. Step 5: After configuration when you create a puchase voucher the TDS will auto apply if limit crossed.

Q: I am unable to get TDS deduction on brokerage fees in BUSY. How can I resolve this?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the TDS category in the brokerage fee expense account Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the brokerage fee 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.

Q: How to ensure the correct TDS amount is calculated in the voucher as per IT rules?

You can ensure for the correct TDS amount in BUSY from the below steps. Step 1: Make sure the TDS feature is enabled from the GST/VAT option from configuration under Administration. Step 2: The TDS feature should be enable in the party master and set the applicability after limit. Step 3: Mention the PAN number in the party master for calculating the correct TDS value. Step 4: In the TDS bill sundry, the correct tds account should be tag and default value should be zero. Step 5: In the TDS bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Q: What is the process to claim TDS deduction on brokerage or professional fees in BUSY?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the TDS category in the brokerage fee expense account Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the brokerage fee 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.

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

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License Management/Softlock/Hardlock

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Dealer Complaint/Issues

I am unable to find the TDS report in BUSY. How can I enable and view the TDS report?

If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then click on TDS/TCS
 Step 5: Enable the TDS/TCS option
 Step 6: Mention the warning for TDS as per your requirement in the bottom.
 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
 Here select the category and then apply filter on party to view the report.

I am unable to generate TDS reports in BUSY. What should I do to resolve this issue?

If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then click on TDS/TCS
 Step 5: Enable the TDS/TCS option
 Step 6: Mention the warning for TDS as per your requirement in the bottom.
 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
 Here select the category and then apply filter on party to view the report.

How can I configure TDS on rent expenses in BUSY? Where do I need to enable it?

The correct way to record the rent expenses in BUSY.
 Step 1: You have to create the rent account in under indirect expense and tag the tds category of rent on land, building,furniture etc.
 Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the doctor fee 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.

How can I resolve issues with TDS calculations on purchase bills?

To resolve issues with the TDS calculations on purchase bills, Then follow the below steps.
 Step 1: Make sure the TDS feature is enabled from the GST/VAT option from configuration under Administration.
 Step 2: The TDS feature should be enable in the party master and set the applicability after limit.
 Step 3: Mention the PAN number in the party master for calculating the correct TDS value.
 Step 4: In the TDS bill sundry, the correct tds account should be tag and default value should be zero.
 Step 5: In the TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

How can i do TDS entry in BUSY through a Jounral Voucher option?

Yes, you can do TDS 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.

How do I ensure accurate TDS deductions in my reports?

For accurate TDS deduction in the reports, 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.

How can I add TDS in purchase voucher?

To deduct TDS in purchase voucher, you need to follow these steps:
Step 1: First you need to enable TDS by going to administration menu then click on configuration.
Step 2: Select features and options then click on TDS or TCS tab and tick on enable TDS reporting.
Step 3: Enter the required details and set warning only in the warning for tds in purchase u/s 194Q then save.
Step 4: Open the party master and when you enter on group a window will appear in which you can configure for TDS and specify the payee category.
Step 5: After configuration when you create a puchase voucher the TDS will auto apply if limit crossed.

I am unable to get TDS deduction on brokerage fees in BUSY. How can I resolve this?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the TDS category in the brokerage fee expense account
 Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the brokerage fee 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.

How to ensure the correct TDS amount is calculated in the voucher as per IT rules?

You can ensure for the correct TDS amount in BUSY from the below steps.
 Step 1: Make sure the TDS feature is enabled from the GST/VAT option from configuration under Administration.
 Step 2: The TDS feature should be enable in the party master and set the applicability after limit.
 Step 3: Mention the PAN number in the party master for calculating the correct TDS value.
 Step 4: In the TDS bill sundry, the correct tds account should be tag and default value should be zero.
 Step 5: In the TDS bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

What is the process to claim TDS deduction on brokerage or professional fees in BUSY?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the TDS category in the brokerage fee expense account
 Step 2: Book the TDS expense entry through payment or journal voucher. DEBIT the brokerage fee 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.

Frequently AskedQuestions