Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

FAQs

I'm unable to apply TCS automatically when billing crosses lakhs. What should I do to set this up?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: 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.
 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 to deduct TCS with my sales invoice in the BUSY software?

To deduct TCS in sale voucher , 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.

I made a voucher in July, but it is not appearing in the TCS report. The report only shows vouchers up to June. How can I get July vouchers to show as well?

When July month entries are not showing in the TDS report then check the below the steps.
 Step 1: Make sure you have selected the correct date range or quarter while opening the tds report.
 Step 2: If you have apply any filter then remove and check it in the report.
 Step 3: Check that you have selected the correct TDS category in the report.
 Step 4: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

I have two vouchers, one from June and one from July. The June voucher shows in the TCS report, but the July voucher does not. Why is the July voucher not showing?

When July month entries are not showing in the TDS report then check the below the steps.
 Step 1: Make sure you have selected the correct date range or quarter while opening the tds report.
 Step 2: If you have apply any filter then remove and check it in the report.
 Step 3: Check that you have selected the correct TDS category in the report.
 Step 4: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.

I am unable to edit the old TDS bill entry in my accounting software to change how TDS is calculated. What should I do to modify how TDS is applied?

You can able to edit the TDS bill sundry when it is not used in any voucher. 
 If you already used in the voucher then the right side area of bill sundry becomes grey, not able to edit it. If it is used in only few vouchers after backup then remove it from F9 and save it. Then edit the bill sundry and add it again in that vouchers.
 The other option is to create new tds bill sundry and apply it manually in the voucher.

Despite crossing the lakh turnover limit, the % TCS is not automatically added to the bills generated from BUSY. What could be the reason and solution for this?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: 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.
 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 enabled TDS for a vendor but I don't see any TDS related pop-ups or notifications when creating bills. Why is TDS not being applied automatically?

The TDS will get apply automatically in the voucher if you mention below details in the party master.
 Step 1: When you enable the TDS feature in the party master and set the applicability limit.For TDS 194Q, the TDS reference automatically get created after crossing the applicability limit.
 Step 2: For TDS expense, When the threshold limit get cross then will ask for appying the TDS in the voucher.
 Step 3: Make sure that the skip TDS creation should be NO from where enable the TDS feature.

The TCS amount is not being added by default in the generated bills in BUSY. What steps should I take to resolve this issue?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: 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.
 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.

My annual turnover has exceeded lakhs, but BUSY is not automatically applying the % TCS on the bills. How can I troubleshoot this issue?

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: 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.
 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 need to file my TDS return. But my TDS annexure report is not generating pending references correctly. What could be the issue?

If your TDS annexture report is not showing up in TDS reports then follow the step 
 Step1 ensure that you have made the TDS payemnt entry for the particular TDS category and adjust the TDS deduction references properly for the quarter if quarter 
 select wrong then it will not shown in pending reference box 
 Step2 then go to display menu and click on TDS TCS reports then click on Form 26Q annexture 
 Step3 then select the TDS category and select quarter and ok