Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
I am unable to find the TDS returns filing utility in BUSY. Where can I generate the TDS returns for filing?
You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
Pls check the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
The text file for TDS returns is not generating in BUSY. What steps should I take to ensure successful return filing?
You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
Pls check the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
How do I generate the quarterly TDS returns form Q from within BUSY after booking all TDS expenses and payments?
You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
Pls check the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
When making repeat announcements for a party, how can I set up automatic application of existing TCS in BUSY?
The BUSY will re apply the TCS for the party if below steps are properly maintained in the software.
Step 1: Make sure that you have set the applicability limit in the party master, As when the limit get cross then the TCS will get charge automatically in the voucher.
Step 2: Make sure you have enable the tcs option and mention the payee category in the party master.
Step 3: In TCS bill sundry, Make sure that TCS account is correctly tag and should have proper configuration.
I want to automate posting of TDS entries based on voucher entries. Is there a way to do this?
Yes, it is possible to automatically post TDS entries based on voucher entries in BUSY. Follow the steps below:
Step 1: Go to the Administration menu and click on Configuration.
Step 2: Navigate to Features/Options and click on TDS/TCS.
Step 3: Enable TDS Reporting and set the Warning for TDS in Purchase and Payment under section 194Q to Warning Only.
Step 4: Applicable the TDS in the party master as needed for voucher entries. Select the Payee Category and then save.
Step 5: Now, during voucher entry, you can apply the TDS automatically.
I want to file TDS/TCS returns. What is the process to generate the return file using BUSY software?
You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
Pls check the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
Why is the TCS and TDS reporting option grayed out in my software? How can I fix this?
When the TDS and TCS option is showing in the grey colour then you have open the company from the sub user and have no rights to that user. Either give the rights to the sub user to access the reports or can open it 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 TCSoption.
Why does the system not remember and re-apply TCS for a party automatically for future announcements in BUSY?
The BUSY will re apply the TCS for the party if below steps are properly maintained in the software.
Step 1: Make sure that you have set the applicability limit in the party master, As when the limit get cross then the TCS will get charge automatically in the voucher.
Step 2: Make sure you have enable the tcs option and mention the payee category in the party master.
Step 3: In TCS bill sundry, Make sure that TCS account is correctly tag and should have proper configuration.
How do I generate the e-returns for TDS filing in BUSY? Where can I find this option?
You can generate the TDS return notepad file from BUSY. For TDS utility, you have to download the the tds site then specify the the file path which generated from BUSY, challan file and error file after that can upload it on tds portal.
Pls check the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
How do I set up the TDS sections and ledgers properly when creating a new company in the software?
To Setup TDS Sections and ledger in BUSY you need to follow these steps:
Step 1: Go to Administration.
Step 2: Click on Configuration.
Step 3: Features/Options.
Step 4: Select TDS/TCS.
Step 5: Enable TDS Reporting and warning for TDS in purc. u/s 194Q then Warning for TDS in Pymt. u/s 194Q warning only save.
Step 6: Go to master select account add master and define name select group then TDS window will appear.
Step 7: Select TDS on Pymt/Purc. u/s 194Q Applicable after limit then payee Category define and OK save the master.