Frequently Asked
Questions

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.

Q: How do I adjust the TDS that has already been deducted when making new payments in BUSY?

To adjust the TDS that has already been deducted when making new payments in BUSY, you can follow these steps: 1. Go to the Payment Voucher screen in BUSY. 2. Enter the payment details for the vendor or party. 3. In the TDS Deducted field, enter the amount of TDS that has already been deducted. 4. The TDS amount will be automatically adjusted against the payment amount. 5. Complete the payment entry and save it. By adjusting the TDS amount in the payment voucher, you can account for the TDS that has already been deducted while making new payments in BUSY.

Q: The TDS amount in purchase vouchers is not reflecting in the TDS reports. What should I do to fix this?

If the TDS amount is not showing 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: Is the TCS by default coming in the voucher or do I need to add it manually?

In BUSY, TCS is not added by default in the voucher. It needs to be added manually. To apply TCS automatically in sale voucher, 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: What are the steps to enable TDS and TCS reporting in BUSY configuration?

You can enable the TDS and TCS feature from the 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. You can view the TDS and TCS report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details or TCS Collection Details Here select the category and then apply filter on party to view the report.

Q: How can I apply TDS manually without it being taxed at 94%?

To apply TDS automatically,Please Follow the Below the Steps for TDS Calculation : Step 1: Click on Administration menu and then Configuration Step 2: And Then Features and Options and then Enable the TDS/TCS option Step 3: Mention the warning for TDS purachse and payment voucher as per your requirement in the bottom. Step 4: Select TDS section as Warning only or No action. Step 5: Open the party account in modify mode Step 6: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category. Step 7: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

Q: How do I update TDS rates in BUSY?.

To update TDS rates in BUSY, you can follow these steps: Step 1: Go to Administration Menu Click on TDS Category option. Step 2: Click on Modify option. Step 3: Select TDS Category From the list of available TDS categories, choose the one you want to modify. In your example, this would be Rent of Plant & Machinery. Step 4: Select Payee Category and enter details which you want to change in category. Step 5: After selecting the TDS category to modify, you should have the ability to update or change the details associated with that category.

Q: Do I need to maintain or update any records in BUSY after enabling TDS for the software to start capturing TDS deductions and generate reports?

Yes, we have to maintain the records in BUSY, when we enable the TDS feature. Step 1: Open the party account in modify mode, then enable the TDS category and Payee category in the party account. Step 2: Book the TDS entry through purchase voucher by adding the TDS bill sundry.When you save the voucher then tds reference will get create and can adjust the reference during the receipt voucher. 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.

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

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.

How do I adjust the TDS that has already been deducted when making new payments in BUSY?

To adjust the TDS that has already been deducted when making new payments in BUSY, you can follow these steps:
 1. Go to the Payment Voucher screen in BUSY.
 2. Enter the payment details for the vendor or party.
 3. In the TDS Deducted field, enter the amount of TDS that has already been deducted.
 4. The TDS amount will be automatically adjusted against the payment amount.
 5. Complete the payment entry and save it.
 By adjusting the TDS amount in the payment voucher, you can account for the TDS that has already been deducted while making new payments in BUSY.

The TDS amount in purchase vouchers is not reflecting in the TDS reports. What should I do to fix this?

If the TDS amount is not showing 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.

Is the TCS by default coming in the voucher or do I need to add it manually?

In BUSY, TCS is not added by default in the voucher. It needs to be added manually. To apply TCS automatically in sale voucher, 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.

What are the steps to enable TDS and TCS reporting in BUSY configuration?

You can enable the TDS and TCS feature from the 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.
 You can view the TDS and TCS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details or TCS Collection Details
 Here select the category and then apply filter on party to view the report.

How can I apply TDS manually without it being taxed at 94%?

To apply TDS automatically,Please Follow the Below the Steps for TDS Calculation :
Step 1: Click on Administration menu and then Configuration
Step 2: And Then Features and Options and then Enable the TDS/TCS option
Step 3: Mention the warning for TDS  purachse and payment voucher as per your requirement in the bottom.
Step 4: Select TDS section as Warning only or No action.
Step 5: Open the party account in modify mode
Step 6: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
Step 7: Then in purchase voucher will calculate automatically when limit get cross and reference will get create.

How do I update TDS rates in BUSY?.

To update TDS rates in BUSY, you can follow these steps: 
 Step 1: Go to Administration Menu Click on TDS Category option. 
 Step 2: Click on Modify option. 
 Step 3: Select TDS Category From the list of available TDS categories, choose the one you want to modify. In your example, this would be Rent of Plant & Machinery. 
 Step 4: Select Payee Category and enter details which you want to change in category. 
 Step 5: After selecting the TDS category to modify, you should have the ability to update or change the details associated with that category.

Do I need to maintain or update any records in BUSY after enabling TDS for the software to start capturing TDS deductions and generate reports?

Yes, we have to maintain the records in BUSY, when we enable the TDS feature.
 Step 1: Open the party account in modify mode, then enable the TDS category and Payee category in the party account.
 Step 2: Book the TDS entry through purchase voucher by adding the TDS bill sundry.When you save the voucher then tds reference will get create and can adjust the reference during the receipt voucher.
 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.

Frequently AskedQuestions