Frequently Asked Questions

Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.

BUSY FAQ subcategory answers and support

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Step-by-step Answers

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.

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.

I am using TDS in my purchases, but it is not getting picked up when I use ledger or item-wise tax. How can I fix this? 

If TDS is not calculating automatically in BUSY, 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.

I'm having trouble filing my TDS returns because the TDS deduction details in the reports are incorrect. What steps should I take to rectify this? 

To rectify the incorrect TDS deduction in BUSY, 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.

I made an expense booking in BUSY but TDS is not being calculated automatically. What should I do to enable auto TDS calculation on expenses? 

When TDS is not calculating automatically in BUSY, 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.

I have enabled TDS deduction in the software, but it is still not deducting TDS automatically. What settings do I need to check? 

When TDS is not calculating automatically in BUSY, 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.

TDS is not being applied automatically in the invoice even though I've enabled it in the software. How can I resolve this? 

If TDS is not calculating automatically in BUSY, 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.
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