Frequently Asked
Questions

Q: Why is the TDS deduction not showing correctly in BUSY?

To resolve the incorrect TDS amount calculating in the voucher, then pls follow the below steps : Step 1: Make sure that in the tds category you have mention the correct percentage of deduction with PAN and without PAN. Step 2: Make sure that in the tds account, you have selected the correct tds category and in the party master. Step 3: In the TDS bill sundry, the correct tds account should be tag and default value should be zero. Step 4: In TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

Q: How do I adjust TDS while making payments in BUSY?.

To adjust TDS while making payments in BUSY, you need to follow these steps: 1. Create a TDS payable account under Duties & Taxes in the Chart of Accounts. 2. Record the TDS deduction in the expense entry by selecting the appropriate TDS category. 3. While making the payment, select the TDS payable account as the ledger account for TDS. 4. Enter the TDS amount in the payment voucher and adjust it against the TDS payable account. 5. The remaining amount can be allocated to the vendor's account. By following these steps, you can properly adjust TDS while making payments in BUSY.

Q: I want the TCS deductions to happen only when the turnover crosses lakhs. What configuration changes do I need to make in BUSY for this?

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.

Q: I want to deduct TDS on a payment voucher after making the full payment entry. How can I do this TDS deduction separately in BUSY?

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.

Q: I am confused about how to show TDS deductions in my account books using BUSY. What entries should I make?

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.

Q: How can I enable the TDS/TCS feature in BUSY? What steps should I follow to turn this feature on?

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.

Q: My accounting software is running on an older version but the TDS reports are not generating properly. Do I need to update the software?

If you have older version then also TDS reports should show properly.If you will file the TDS return then you BUSY version should be updated. Pls follow the below steps for Tds report not showing properly: Step 1: Make sure that the TDS category correctly tagged in the party master. Step 2: Make sure that the TDS entries has been properly done in the voucher. Step 3: Make sure that the TDS category has been properly tagged in the TDS bill sundry. Step 4: Make sure that the TDS references amount has been correctly calculated as per PAN number or without PAN number.

Q: What should I do if the TCS on sale still does not show up after the process is completed?

If the TCS on sale still does not show up after the process is completed you need to set configuration for TCS , please follow these steps : Step 1 : Click on administration then configuration Step 2 : Click on features and options Step 3 : Go to TDS and TCS enable TCS Step 4 : Go to masters and modify party master Step 5 : Enable TCS and define PAN of party Step 6 : Now enter sale voucher if total sale amount of that limit cross above 50 lakh, it will show warning as limit cross do you want to deduct TCS, select it as yes.

Q: How can I configure the system to calculate TDS automatically based on TDS rates instead of manual entry?

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: 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.

Q: What steps should I follow to deduct the accurate TDS amount from vendor payments per contractual terms?

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: 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.

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

Why is the TDS deduction not showing correctly in BUSY?

To resolve the incorrect TDS amount calculating in the voucher, then pls follow the below steps :
 Step 1: Make sure that in the tds category you have mention the correct percentage of deduction with PAN and without PAN.
 Step 2: Make sure that in the tds account, you have selected the correct tds category and in the party master.
 Step 3: In the TDS bill sundry, the correct tds account should be tag and default value should be zero.
 Step 4: In TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.

How do I adjust TDS while making payments in BUSY?.

To adjust TDS while making payments in BUSY, you need to follow these steps:
 1. Create a TDS payable account under Duties & Taxes in the Chart of Accounts.
 2. Record the TDS deduction in the expense entry by selecting the appropriate TDS category.
 3. While making the payment, select the TDS payable account as the ledger account for TDS.
 4. Enter the TDS amount in the payment voucher and adjust it against the TDS payable account.
 5. The remaining amount can be allocated to the vendor's account.
 By following these steps, you can properly adjust TDS while making payments in BUSY.

I want the TCS deductions to happen only when the turnover crosses lakhs. What configuration changes do I need to make in BUSY for this?

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.

I want to deduct TDS on a payment voucher after making the full payment entry. How can I do this TDS deduction separately in BUSY?

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.

I am confused about how to show TDS deductions in my account books using BUSY. What entries should I make?

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.

How can I enable the TDS/TCS feature in BUSY? What steps should I follow to turn this feature on?

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.

My accounting software is running on an older version but the TDS reports are not generating properly. Do I need to update the software?

If you have older version then also TDS reports should show properly.If you will file the TDS return then you BUSY version should be updated.
 Pls follow the below steps for Tds report not showing properly:
 Step 1: Make sure that the TDS category correctly tagged in the party master.
 Step 2: Make sure that the TDS entries has been properly done in the voucher.
 Step 3: Make sure that the TDS category has been properly tagged in the TDS bill sundry.
 Step 4: Make sure that the TDS references amount has been correctly calculated as per PAN number or without PAN number.

What should I do if the TCS on sale still does not show up after the process is completed?

If the TCS on sale still does not show up after the process is completed you need to set configuration for TCS , please follow these steps :
Step 1 : Click on administration then configuration
Step 2 : Click on features and options
Step 3 : Go to TDS and TCS enable TCS
Step 4 : Go to masters and modify party master
Step 5 : Enable TCS and define PAN of party
Step 6 : Now enter sale voucher if total sale amount of that limit cross above 50 lakh, it will show warning as limit cross do you want to deduct TCS, select it as yes.

How can I configure the system to calculate TDS automatically based on TDS rates instead of manual entry?

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: 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.

What steps should I follow to deduct the accurate TDS amount from vendor payments per contractual terms?

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: 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.

Frequently AskedQuestions