Frequently Asked Questions

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 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.

If the some TDS entries are not showing 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.

To setup the TDS automatically in the 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: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

To calculate the TDS automatically, 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.

To enable and configure TDS / TCS in BUSY, follow these steps:
Step 1: Go to Administration and click on Configuration.
Step 2: Select Features / Options and click on TDS/TCS tab.
Step 3: Check the box next to the option “Enable TDS Reporting / Enable TCS Reporting” to turn it on. You can also configure the settings as per your requirements.
Step 4: Go to the Masters menu and select Party. For each party that is applicable for TDS / TCS, you need to enable the option “TDS / TCS Applicable”
Step 5: Enable TDS in your Expense Masters also.
Step 6: Check round off configuration in the TCS configuration.

Step 1: Go in previous year then go to administration 
Step 2: Then go to master menu and click on account 
Step 3: In account click on add and create tcs payable account under group current liability
Step 4: Now go to transaction menu and select voucher journal and click on add
Step 5: Pass accounting entry tcs account debit and tcs payable account credit on last date of year
Step 6: Adjust all pending reference and save entry
Step 7: Then go to administration and then go to change financial year
Step 8: Click on current year and carry forward balances yes and click on new and changed masters.

How can we set TCS deductions to happen only when the turnover crosses 50 lakhs.Kindly follow the following Steps.
 Step 1: Go to the Administration Menu
 Step 2: Click on Masters
 Step 3: Select Account Menu
 Step 4: Under Account Menu click on Modify
 Step 5: Select Party Name which you wants set TCS deduction.
 Step 6: After Modify party master Enter on party group pop up window will be open of TDS/TCS Info.for Acc. 
 Step 7: An On pop up window of TDS/TCS Info.for Acc. click on drop down option of TCS on Rcpt./Sale u/s 206C(1H) and select option Applicable after limit.

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 expense account
 Step 2: Book the TDS expense entry through payment 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.

To setup the TDS deduction in the 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: Open the party account in modify mode
 Step 7: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
 Step 8: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

You can enable the TDS and TCS from in BUSY 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 and TCS as per your requirement in the bottom.
 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 the TDS and TCS in the sale voucher and reference will get create.