Frequently Asked
Questions

Q: I made TDS deductions from multiple parties but the report only shows one. Why is it not listing all parties correctly?

If the TDS entries are not showing for all the parties in the TDS reports then Pls follow the below steps. Step 1: Make sure you have properly created the TDS references in the purchase and payment voucher. Step 2: Make sure you have selected the correct date range or quarter while opening the tds report. Step 3: If you have apply any filter then remove and check it in the report. Step 4: Check that you have selected the correct TDS category in the report. Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

Q: Some parties are missing from the TDS report even though TDS was deducted. What should I check in the software?

If the TDS entries are not showing for all the parties in the TDS reports then Pls follow the below steps. Step 1: Make sure you have properly created the TDS references in the purchase and payment voucher. Step 2: Make sure you have selected the correct date range or quarter while opening the tds report. Step 3: If you have apply any filter then remove and check it in the report. Step 4: Check that you have selected the correct TDS category in the report. Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

Q: I am unable to see the TDS deductions for all parties in the TDS report. How can I resolve this?

If you are not able to show the TDS deduction for all parties in the TDS reports. Pls follow the below steps. Step 1:Make sure you have properly created the TDS references in the purchase and payment voucher. Step 2: Make sure you have selected the correct date range or quarter while opening the tds report. Step 3: If you have apply any filter then remove and check it in the report. Step 4: Check that you have selected the correct TDS category in the report. Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

Q: I made a TDS entry for rent paid and want to adjust it against the landlord's account, but it is not happening automatically. How can I link the TDS to the landlord's account?

To link the TDS on rent paid to landlord,then follow the below steps. Step 1: Mention the TDS Category in the rent account and enable the option in the party 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 reference 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 was told section A is for TDS by banking companies on interest income. How do I pass the accounting entry for this deduction in the software?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the 194A 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 want to transfer funds/withdraw money but my bank deducts TDS on these transactions. How can I account for this TDS deduction in the software?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. Step 1: Mention the 194A 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 unable to find the % TDS contact I created in the dropdown. Where is it showing?

To find TDS Qconfiguration in BUSY , then follow the steps. Pls Follow the Below the Steps for TDS 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: What is the process to verify if TCS deduction is working correctly after setup in BUSY?

To verify if TCS deduction is working correctly after setup in BUSY, you can check the following: 1. Create a sample invoice for a party where TCS is applicable. 2. Ensure that the TCS rate and threshold limits are set correctly for the party. 3. Generate the invoice and check if the TCS amount is automatically deducted and reflected in the invoice. 4. Verify if the TCS amount is correctly accounted for in the balance sheet or TCS reports. 5. If the TCS deduction is not working as expected, review the TCS setup and configuration in the software and consult BUSY's support team for further assistance.

Q: I need help understanding how to link tables in BUSY for the TDS reports.

To find TDS Qconfiguration in BUSY , then follow the steps. Pls Follow the Below the Steps for TDS 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: Where can I find the TCS configuration options in the Party Master?

To find TCS configuration in BUSY , then follow the steps. Pls Follow the Below the Steps for TDS 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: 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.

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

I made TDS deductions from multiple parties but the report only shows one. Why is it not listing all parties correctly?

If the TDS entries are not showing for all the parties in the TDS reports then Pls follow the below steps.
 Step 1: Make sure you have properly created the TDS references in the purchase and payment voucher.
 Step 2: Make sure you have selected the correct date range or quarter while opening the tds report.
 Step 3: If you have apply any filter then remove and check it in the report.
 Step 4: Check that you have selected the correct TDS category in the report.
 Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

Some parties are missing from the TDS report even though TDS was deducted. What should I check in the software?

If the TDS entries are not showing for all the parties in the TDS reports then Pls follow the below steps.
 Step 1: Make sure you have properly created the TDS references in the purchase and payment voucher.
 Step 2: Make sure you have selected the correct date range or quarter while opening the tds report.
 Step 3: If you have apply any filter then remove and check it in the report.
 Step 4: Check that you have selected the correct TDS category in the report.
 Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

I am unable to see the TDS deductions for all parties in the TDS report. How can I resolve this?

If you are not able to show the TDS deduction for all parties in the TDS reports.
 Pls follow the below steps.
 Step 1:Make sure you have properly created the TDS references in the purchase and payment voucher.
 Step 2: Make sure you have selected the correct date range or quarter while opening the tds report.
 Step 3: If you have apply any filter then remove and check it in the report.
 Step 4: Check that you have selected the correct TDS category in the report.
 Step 5: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

I made a TDS entry for rent paid and want to adjust it against the landlord's account, but it is not happening automatically. How can I link the TDS to the landlord's account?

To link the TDS on rent paid to landlord,then follow the below steps.
 Step 1: Mention the TDS Category in the rent account and enable the option in the party 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 reference 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 was told section A is for TDS by banking companies on interest income. How do I pass the accounting entry for this deduction in the software?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the 194A 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 want to transfer funds/withdraw money but my bank deducts TDS on these transactions. How can I account for this TDS deduction in the software?

For TDS Deduction, You need to enable the TDS feature from features and options and in the party master. 
 Step 1: Mention the 194A 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 unable to find the % TDS contact I created in the dropdown. Where is it showing?

To find TDS Qconfiguration in BUSY , then follow the steps.
Pls Follow the Below the Steps for TDS 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.

What is the process to verify if TCS deduction is working correctly after setup in BUSY?

To verify if TCS deduction is working correctly after setup in BUSY, you can check the following:
 1. Create a sample invoice for a party where TCS is applicable.
 2. Ensure that the TCS rate and threshold limits are set correctly for the party.
 3. Generate the invoice and check if the TCS amount is automatically deducted and reflected in the invoice.
 4. Verify if the TCS amount is correctly accounted for in the balance sheet or TCS reports.
 5. If the TCS deduction is not working as expected, review the TCS setup and configuration in the software and consult BUSY's support team for further assistance.

I need help understanding how to link tables in BUSY for the TDS reports.

To find TDS Qconfiguration in BUSY , then follow the steps.
Pls Follow the Below the Steps for TDS 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.

Where can I find the TCS configuration options in the Party Master?

To find TCS configuration in BUSY , then follow the steps.
Pls Follow the Below the Steps for TDS 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: 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.

Frequently AskedQuestions