Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
How can I configure TDS to automatically calculate and deduct TDS amount when booking expenses in BUSY?
To calculate the TDS automatically, then follow the steps.
Pls Follow the Below the Steps for TDS Calculation :
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- as per your requirement and payee category.
Step 8: Mention the TDS category in the expense account
Step 9: Book the TDS expense entry through payment or 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 10: 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.
The TDS is not getting calculated for the vendor payments. What could be wrong?
The TDS may not be getting calculated for vendor payments due to the TDS feature not being enabled in the accounting software or incorrect settings in the vendor master.
To Double-check. Kindly follow the following Steps.
1) To Double-Check. Go to administration Menu
2) click on Masters.
3) Click on Account option.
4) click on modify Vender master.
5) enter on group will pop up window of TDS/TCS info.for account.
6) select Yes to TDS on expense booking.
7) Select option TDS on Pymt./Purc. u/s 194Q - Applicable from start or Applicable after limit.
8) Select Payee Category as per type.
9) click on ok and save the vender master.
10) Check the configuration TDS.
11) Go to administration Menu
12) click on Configuration
13) click on Features / options
14) Click on TDS / TCS option
15) check & select warning for TDS in pymt.u/s 194Q and warning for TDS in purc.u/s 194Q
What steps should I follow to check the configuration of TDS entries and Q report in my accounting software?
To resolve the incorrect TDS amount calculating in the voucher, then pls follow the below steps :
Step 1: Make sure that in the tds category you have mention the correct percentage of deduction with PAN and without PAN.
Step 2: Make sure that in the tds account, you have selected the correct tds category and in the party master.
Step 3: In the TDS bill sundry, the correct tds account should be tag and default value should be zero.
Step 4: In TDS Bill sundry, The tds deduction amount should calculate either on net bill amount or taxable amount as per your requirement.
Step 5: Make sure to mention the PAN number in the account master for correct TDS calculation.
For TDS 26Q report, Pls follow the below steps:
Step 1: The data shows when the payment is done for that reference. If the payment is pending then the data will show in this report.
Step 2: Make sure that you have selected the correct quarter.
How can I provide feedback on the issue with the GST template file in BUSY?The software is not showing the correct TDS amounts in my reports. How can I fix this?
We do not have any feedback option directly, further you can follow the given steps
if have issue with govt template. please follow the given steps
Step 1: Check you have the latest version of the template and latest version of
excel. Please check the error report before proceed to generate. and check
name of the template file is correct, right folder is selected while giving the
path for the template.
Step 2: Check with available alternative options.
If TDS amounts is not showing correct amount in report. then please follow the
given steps
Step 1: Open the voucher where from TDS deduction started and you have to
manually change the Expense amount on which TDS percentage is being
calculated in the TDS deduction details window.
Step 2: Ensure that a TDS voucher reference is created for all TDS vouchers.
Step 3: Please make sure right amount is calculating in the TDS amount column of
TDS deduction details.
What settings should I change to restore automatic TCS application in bill generation?
To configure the TCS configuration should done properly in BUSY and TCS is enable in the party master.
Pls 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 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: Book the TCS entry through sales voucher by adding the TCS bill sundry.When you save the voucher then tcs reference will get create and can adjust the refernce during the receipt voucher.
Step 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.
How do I configure automatic TCS deduction during sales in BUSY?
To configure the TCS configuration should done properly in BUSY and TCS is enable in the party master.
Pls 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 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: Book the TCS entry through sales voucher by adding the TCS bill sundry.When you save the voucher then tcs reference will get create and can adjust the refernce during the receipt voucher.
Step 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.
The TCS report preview in BUSY Software is not legible. How can I get a proper printed copy?
To get a proper printed copy or preview of the TCS report in BUSY. Kindly follow the following Steps.
Step 1: To generate TCS Report Go to Display Menu click on TDS / TCS Reports.
Step 2: Click on TCS Collection Details option
Step 3: Select All Category - All References option
Step 4: Select Stating date, Ending date and Report Status as on date.
Step 5: click on OK you will get TCS Details report.
Step 6: Click on Print option or use ALT + P and you will get print from grid option
Step 7: select required option and select paper type - 80 Column with print style
Step 8: select print style - Condensed option
Step 9: select Paper Orientation option of Landscape and click on OK.
Step 10: if still getting same printing issue or print error like report width too large to be exported to pdf. you can select in excel format.
How do I adjust TCS configuration to allow entry saving without errors in BUSY?
To configure the TCS configuration should done properly in BUSY and TCS is enable in the party master.
Pls 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 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: Book the TCS entry through sales voucher by adding the TCS bill sundry.When you save the voucher then tcs reference will get create and can adjust the refernce during the receipt voucher.
Step 9: When you do the TCS payment, Then DEBIT the tcs acccount and CREDIT the bank account. Adjust the tcs reference which you have created in while booking the tds entry.
how to do tds posting issue ?
To record the correct TDS entry in the BUSY and created the proper references.
Pls Follow the Below the Steps for TDS Calculation :
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 modiFinancial Year mode
Step 7: Then in TDS/TCS window, mention the applicable limit- as per your requirement and payee category.
Step 8: Mention the TDS category in the expense account
Step 9: Book the TDS expense entry through payment or 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 10: 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.
I'm trying to enter TDS for a vendor, but it's not reflecting in the entry. How can I resolve this issue?
If you're trying to enter TDS (Tax Deducted at Source) for a vendor, but it's not showing up in your entry, you can resolve this issue by following these steps:
Step 1: First, make sure that you have enabled the TDS feature in your software and set up TDS references in your records for the vendors.
Step 2: Check if the TDS pop-up window is turned on in your firm. If it's not, make sure to enable it.
Step 3: In your party master (the place where you have vendor details), make sure that TDS applicability is turned on for the vendors you're having issues with.
Step 4: If you still can't get the TDS deductions to show up in your entry, it's a good idea to get in touch with BUSY's customer support. They can provide you with specific help and guidance based on your situation. They know the software well and can assist you in resolving the issue.
