Frequently Asked
Questions

Q: I am unable to see the TDS deductions in the reports for some parties. What could be the reason?

If you are not able to show the TDS deduction for some 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 want to adjust the TDS reference number in the payment voucher. What should I do?

To adjust the TDS reference number in the payment voucher you need to follow the steps Step1 Go to transaction menu and click on payemnt and click to add Step2 fill the voucher details like series date voucher number Step3 make debit the TDS category and its amount and Credit the bank or cash Step4 at the time of saving a adjust tds reference box will open where select the tds category which you are paying select the quarter for payment then select the reference number then fill other details like date of payment challan number cheque number bsr number bank and save

Q: I am unable to find the TDS report in my BUSY. Where can I locate it?

You can generate TDS Report in BUSY report follow the following Steps: Step 1: Go to Display Menu Step 2: Click on TDS/TCS Report option Step 3: Under TDS/TCS Report option click on TDS Deduction Details(Non-Salary) Report. Step 4: Choose Show TDS Deduction Details for All TDS Category or Selected Category option. Step 5: For example, select All TDS Category and choose whether to show All references or pending references. Step 6: For example, selected All references option. Step 7: Choose whether to display the report for All Deductee or one Deductee. Step 8 For example, select All deductee and set the date range and status as needed. Step 9: click on OK to generate 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 am unable to see the TDS deductions in the reports for some parties. What could be the reason?

If you are not able to show the TDS deduction for some 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 want to adjust the TDS reference number in the payment voucher. What should I do?

To adjust the TDS reference number in the payment voucher you need to follow the steps 
 Step1 Go to transaction menu and click on payemnt and click to add
 Step2 fill the voucher details like series date voucher number 
 Step3 make debit the TDS category and its amount and Credit the bank or cash 
 Step4 at the time of saving a adjust tds reference box will open where select the tds category 
 which you are paying select the quarter for payment then select the reference number then fill 
 other details like date of payment challan number cheque number bsr number bank and save

I am unable to find the TDS report in my BUSY. Where can I locate it?

You can generate TDS Report in BUSY report follow the following Steps:
Step 1: Go to Display Menu
Step 2: Click on TDS/TCS Report option
Step 3: Under TDS/TCS Report option click on TDS Deduction Details(Non-Salary) Report.
Step 4: Choose Show TDS Deduction Details for All TDS Category or Selected Category option.
Step 5: For example, select All TDS Category and choose whether to show All references or pending references.
Step 6: For example, selected All references option.
Step 7: Choose whether to display the report for All Deductee or one Deductee.
Step 8 For example, select All deductee and set the date range and status as needed.
Step 9: click on OK to generate 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