Frequently Asked Questions

Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.

BUSY FAQ subcategory answers and support

Support

Step-by-step Answers

I am getting an incorrect TDS deduction amount in TDS section. How can I ensure the correct TDS amount is deducted? 

When TDS 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 tds option and mention the payee category in the party master.
 Step 3: In TDS bill sundry, Make sure that TDS account is correctly tag and should have proper configuration.

Why is the TCS not being added automatically to the bills generated through BUSY, even though I meet the turnover criteria? 

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 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.

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.

I am unable to generate the TDS report properly. The entries are not showing up in the report even though I have added them. What should I do to resolve this? 

When some 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.

Some of my TDS entries created in BUSY are showing up in the TDS report, while others are not. Why is this inconsistency, and how can I resolve it? 

When some 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 need the TCS report to show vouchers for the current month, but it only shows past months. How can I get the current month's data to show? 

If current month vouchers are not showing in the TCS report then follow the below 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.

The TDS report in BUSY is not showing all of my TDS entries. What could be causing this inconsistency, and how can I resolve it? 

When some 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.

Some of my entries are not showing in the TDS reports generated by BUSY. How can I fix this? 

When some 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.

The TDS report is not showing deductions for a particular state's parties. How to troubleshoot this? 

If the TDS entries are not showing for all the parties in the TDS reports then 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.
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