Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
I entered the commission and brokerage expenses manually, but they are not reflecting in the Commission on Progress report. How can I get these entries to show up automatically in the report?
If the commission and brokerage expenses are not showing up in the TDS report.
Pls follow the below steps.
Step 1: Make sure you have selected the correct TDS category in the expense account.
Step 2: Make sure you have pass the proper TDS entry and created the reference as without TDS reference it will show in the report.
Step 3: If you are using the voucher approval then make sure it is approved then will reflect in the TDS report.
What steps should I follow to view reports like TDS, GST, etc., in BUSY? I am unable to find them in the display.
You can view the TDS report from below steps :
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then TDS Deduction details
Here select the category and then apply filter on party to view the report.
For GST reports:
Step 1: Click on Display menu
Step 2: Then GST Reports
Step 3: Then Select the required report which you want to view related to GST summaries, GST register, GST returns, GST other and Audit reports.
What should I do to ensure the software applies the correct TDS rate (% instead of %) based on the selected tax category?
To ensure that the software has applied the tds rate correct or not then can check the below options :
Step 1: Can check the TDS deduction details report from TDS/TCS report under Display Menu.
Step 2: Click on Administration
Step 3: Then Masters
Step 4: Then TDS Category
Step 5: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.
How do I ensure TDS deductions are calculated accurately in salary payments in BUSY?
To ensure that the software has applied the tds rate correct or not then can check the below options :
Step 1: Can check the TDS deduction details report from TDS/TCS report under Display Menu.
Step 2: Click on Administration
Step 3: Then Masters
Step 4: Then TDS Category
Step 5: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.
How do I generate Form Q in BUSY?.
To Generate form 26Q Report In BUSY you can follow these steps:
Step 1: Click on print/email/sms Menu And click on TDS/TCS reports
Step 2: Click on Form 26Q
Step 3: Choose option for print form 26Q with 80 col.Landscape Or 132 col.Normal
Step 5: Select Quarter 1st,2nd,3rd,4th which you want to generate report.
Step 6: Select other option to as you required.
Step 7: Now you have option for report (print,Preview,Export in pdfor Html.
I made a mistake in TDS deduction shown for a bill. How can I correct it in BUSY?
"To correct a mistake in TDS deduction shown for a bill in BUSY, you can follow these steps:
1. Open the voucher for which you made the TDS deduction mistake.
2. Go to the TDS bill sundry of the voucher.
3. Edit the TDS deduction properly and correct the mistake.
4. Save the changes to update the TDS deduction in the bill.
By following these steps, you can correct the TDS deduction shown for a bill in BUSY
I used to get a TDS window previously in BUSY but now it has stopped appearing. How can I get the TDS window back?
If Tds window not show try these steps:
1. check Tds feature enable or not for enable or disable follow these steps
1. Go in administration then go in configuration
2. Then go in feature/options then go in TDS/TCS
3. Check Enable or disable if disable then enable and save
2. Open voucher and resave
3. If not show check account group of account master which is used in voucher
4. Check in account master tds is applicable or not
I made a purchase entry and TDS was deducted, but it is not showing up in my TDS reports. Why is this happening and how can I fix it?
To make TDS dedustion appear in TDS reports after a purchase entry you need to ensure
that you have generated TDS reference in purchase voucher tds deduction box
if its done properly then go to display menu and click to TDS TCS reports and click on
TDS deduction reports non salary then click on all TDS category then click on all refernece then
click all deductee and then set the date range and ok
I want to change the TDS tax rate for transport services but cannot find the option. Where can I update the TDS rate on different expense categories?
You can update the tax rate for transporter in the TDS category from below steps.
Pls follow the below steps to change the tds rate in the tds category :
Step 1: Click on administration
Step 2: Then Masters
Step 3: Then TDS Category
Step 4: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.
I am not able to get the system to automatically pick TDS deduction details from payments. It asks me to enter manually. Why?
If it is asking to enter the manually TDS in the voucher then you need to follow steps for entering the manual entry.
Step 1: Make sure that the TDS feature should be enable in the party master.
Step 2: Make sure that you have set the warning for TDS from the features and Option under Administration menu.
Step 3: When the limit get cross then automatically TDS window will popup for charging the TDS in the voucher.