Frequently Asked Questions

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.

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.

To link TDS Deduction through journal voucher, Either you can create the TDS reference through journal voucher or in the purchase voucher as an tds bill sundry.
 Step 1: Book the TDS expense entry through 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 2: 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.

When purchase TDS entries are not showing in the TDS report then check the below the steps.
 Step 1: Make sure you have properly created the TDS references in the 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 configure automatic TDS deduction at 1% for section 194J in BUSY, you need to follow these steps:
 1. Go to Administration.
 2. Click on Configuration.
 3. Select Features Options.
 4. Go to the TDS TCS tab.
 5. Enable the TDS feature by selecting "Yes".
 6. Enter the Voucher Number.
 7. Select the appropriate category for TDS deduction (in this case, 194J).
 8. Set the TDS rate to 1%.
 9. Specify the threshold limit, if applicable.
 10. Save the configuration.
 Once the configuration is done, the software will automatically deduct TDS at 1% for expenses falling under section 194J.

You can enable the TDS option from the below steps.
 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- Applicable after limit.Then TDS will get charge if the limit get cross after 50 lakh.
 Step 8: 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.

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.

When data is not accurate showing in the TDS report then check the below the steps.
 Step 1: Make sure you have properly created the TDS references in the 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.

If the TCS not get apply automatically in the voucher when limit is crossed 50 lakhs, Then follow the below steps.
 Step 1: The TCS feature should be enable in the party master and set the applicability after limit.
 Step 2: Mention the PAN number in the party master for calculating the correct TCS value.
 Step 3: In the TCS bill sundry, the correct tcs account should be tag and default value should be zero.
 Step 4: In the TCS bill sundry, The tcs deduction amount should calculate either on net bill amount or taxable amount as per your requirement.