Frequently Asked Questions

When previous 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.

If the voucher are not showing properly in the TDS Reports then follow the below 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.

For the TDS funtionality and compliance work in BUSY can check from the below steps.
 Step 1: Firstly, you have to enable the TDS feature from Features and Options under Administration.
 Step 2: Then enable the TDS feature from the account master and expense account.
 Step 3: Create and adjust the TDS references in the purchase and payment voucher.
 Step 4: Then the TDS data will show in the TDS report as per the TDS references.
 Step 5: You can also generate the FUV file for the TDS ereturn from BUSY.
 Step 6: Also can generate the form 16A report.

You are not able to enable the TDS feature from below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then TDS/TCS option
 Step 5: Enable the TDS Reporting
 Either give the rights to the sub user to access the reports or can open the company from super user.
 Pls follow the below steps for User Rights :
 Step 1: Click on Administration
 Step 2: Then Users
 Step 3: Select the user and On Expand Menu Option can give rights to the user by tick the TCS and TCS option.

If you want to ensure that your TCS entries are properly reflected in your balance sheet please follow given steps:
Step 1: Make sure TCS feature is enabled in your company with proper configuration
Step 2: TCS bill sundry should be used in all vouchers that are applicable for TCS
Step 3: TCS account should be tagged in bill sundry master properly
Step 4: Make sure the group that you have selected for TCS account should be duties and taxes and tax type should be TCS
Step 5: Make sure reference of TCS is properly created in all the vouchers that are eligible for TCS

You can setup TCS default percentage in the TCS Bill Sundry.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Bill Sundry
 Step 4: Then Modify
 Step 5: Open the TCS bill sundry
 Step 6: Then mention the default value 0.1 percentage.
 For TCS 206C, Make sure that you have mention the PAN number in the party master. As if we do not mention the PAN number then will get charge by 5 percent rate. If you mention the PAN number the automatically charge TCS 0.1 percent in the voucher

To apply TCS automatically for the bills, follow the Below the Steps for TCS Calculation :
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Enable the TCS option
Step 5: Mention the warning for TCS Sale and receipt 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 TCS will get charge if the limit get cross after 50 lakh.
Step 8: Then in Sale voucher will calculate automatically when limit get cross and reference will get create.

Yes, if you did not deduct TDS in purchase voucher then you can also deduct at the time of entering payment voucher. To configure it follow these steps:
Step 1: Go to administration menu then select configuration sub menu.
Step 2: Select features and options and click on TDS / TCS tab.
Step 3: Set warning only in warning for TDS in payment u/s 194Q then save. Now when you enter payment voucher and the limit is crossed then it will give you warning to apply TDS.
Step 4: You can press yes on that to apply this and create reference then save.

To ensure that TCS is calculated correctly on sales in BUSY, cross-verify the TCS collection details report with the TCS ledger report and correct any mismatches found.
1.To check the TCS collection details report, follow these steps:
Step 1: Go to display section then click on TCS reports
Step 2: Select the TCS collection details, click on all category then on all reference and open the report after specify the date range.
2.To check the TCS ledger report, follow these steps:
Step 1: Press ALT+L to open the ledger
Step 2: Specify the TCS ledger account , mention the date range and open the report.

You have to collect TCS from the buyer if the total sale or receipt of goods from a particular PAN exceeds Rs. 50 lakh in the current financial year. This applies to all the parties who share the same PAN. You can enable TCS in the party master and then apply it in the sale voucher. A pop up will appear to confirm the TCS amount and it will be added as a "Bill Sundry". You can also view the TCS report under the Display menu to track how much TCS you have collected and deposited to the government.