Frequently Asked
Questions

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: What is the process to do expense booking and TDS deduction in BUSY?

For TDS Deduction and Expense booking, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the TDS category in the expense account 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.

Q: How can I troubleshoot the issue of TCS auto-application not working in BUSY?

If TDS is not calculating automatically in BUSY, Then follow the below steps. Step 1: Make sure the TCS feature is enabled from the GST/VAT option from configuration under Administration. Step 2: The TCS 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 TCS value. Step 4: In the TCS bill sundry, the correct tcs account should be tag and default value should be zero. Step 5: In the TCS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Q: Why isn't TDS/TCS deducting automatically in BUSY after enabling it?

If TDS/TCS is not calculating automatically in BUSY, Then follow the below steps. Step 1: Make sure the TDS/TCS feature is enabled from the GST/VAT option from configuration under Administration. Step 2: The TDS/TCS 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/TCS value. Step 4: In the TDS/TCS bill sundry, the correct tds/tcs account should be tag and default value should be zero. Step 5: In the TDS/TCS Bill sundry, The tds/tcs deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Q: What is the process to set up TDS Q?

To find TDS 194 Qconfiguration in BUSY , then follow the steps. Pls Follow the Below the Steps for TDS 194 Qconfiguration : 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: Select skipping TDS reference creation as Warning only or No action. Step 7: Open the party account in modify mode Step 8: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category. Step 9: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

Q: I need help with configuring TDS deductions in BUSY.

If you want to configure tds then the BUSY model should be standard and enterprises. To configure TDS deductions in BUSY you can follow the steps. Step 1. Open BUSY Software Step 2. Open company Step 3. Go to administration menu click Step 4. Configuration click Step 5. Features or options Step 6. Tds/Tcs click Step 7. Enable tds Step 8. Set warning for tds in purchase and payment Step 9. And also check other configurations and enable as per your requirements. Step 10. Skip tds references should be No. Now you can book the tds entry.

Q: The TDS amount I had entered directly as a journal entry did not reflect in the reports. How should I enter TDS deduction through journal entries for it to show in reports?

For TDS Deduction through journal voucher, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the TDS category in the expense account 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.

Q: When I deduct TDS directly from an account, it does not show up in the TDS deduction report. How can I deduct TDS properly so it reflects in the reports?

For TDS Deduction through journal voucher, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the TDS category in the expense account 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.

Q: I'm seeing a % TDS rate in my audit report, but for a domestic company it should be %. Where is this % rate coming from?

When TDS rate is not calculating correctly in the 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.

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

Taxation (GST/VAT/TDS/TCS/RCM)

Export/Import/Data Conversion

Errors (RTE/Ransome), Feedbacks and Bugs

Barcode, QR Code and Lable Printing

License Management/Softlock/Hardlock

Enquiry/Upgrade/Visit/Renewal

UMS Related Issue (Dealer Query)

Software Features

Implementation

Dealer Complaint/Issues

Enquiry/Upgrade/Visit/Renewal

Dealer Complaint/Issues

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.

What is the process to do expense booking and TDS deduction in BUSY?

For TDS Deduction and Expense booking, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the TDS category in the expense account
 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.

How can I troubleshoot the issue of TCS auto-application not working in BUSY?

If TDS is not calculating automatically in BUSY, Then follow the below steps.
 Step 1: Make sure the TCS feature is enabled from the GST/VAT option from configuration under Administration.
 Step 2: The TCS 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 TCS value.
 Step 4: In the TCS bill sundry, the correct tcs account should be tag and default value should be zero.
 Step 5: In the TCS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Why isn't TDS/TCS deducting automatically in BUSY after enabling it?

If TDS/TCS is not calculating automatically in BUSY, Then follow the below steps.
 Step 1: Make sure the TDS/TCS feature is enabled from the GST/VAT option from configuration under Administration.
 Step 2: The TDS/TCS 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/TCS value.
 Step 4: In the TDS/TCS bill sundry, the correct tds/tcs account should be tag and default value should be zero.
 Step 5: In the TDS/TCS Bill sundry, The tds/tcs deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

What is the process to set up TDS Q?

To find TDS 194 Qconfiguration in BUSY , then follow the steps.
Pls Follow the Below the Steps for TDS 194 Qconfiguration :
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: Select skipping TDS reference creation as Warning only or No action.
Step 7: Open the party account in modify mode
Step 8: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
Step 9: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

I need help with configuring TDS deductions in BUSY.

If you want to configure tds then the BUSY model should be standard and enterprises. 
 To configure TDS deductions in BUSY you can follow the steps. 
 Step 1. Open BUSY Software 
 Step 2. Open company 
 Step 3. Go to administration menu click 
 Step 4. Configuration click 
 Step 5. Features or options 
 Step 6. Tds/Tcs click 
 Step 7. Enable tds 
 Step 8. Set warning for tds in purchase and payment 
 Step 9. And also check other configurations and enable as per your requirements. 
 Step 10. Skip tds references should be No. 
 Now you can book the tds entry.

The TDS amount I had entered directly as a journal entry did not reflect in the reports. How should I enter TDS deduction through journal entries for it to show in reports?

For TDS Deduction through journal voucher, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the TDS category in the expense account
 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.

When I deduct TDS directly from an account, it does not show up in the TDS deduction report. How can I deduct TDS properly so it reflects in the reports?

For TDS Deduction through journal voucher, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the TDS category in the expense account
 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.

I'm seeing a % TDS rate in my audit report, but for a domestic company it should be %. Where is this % rate coming from?

When TDS rate is not calculating correctly in the 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.

Frequently AskedQuestions