Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
What steps should I follow to access the TDS report in BUSY?
If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
issue in TDS report opening what to do?
To resolve the issue of getting an error while opening the TDS reports.
Pls check the below steps :
Step 1: Ensure that you have selected the correct date range. As the TDS report shows the data of the current financial year.
Step 2: Ensure that you are selecting the correct TDS category while opening the report.
Step 3: If you are getting any run time error then after the data backup, run the reindex database process from the housekeeping menu.
How do I disable the setting that combines previous year's turnover with the current year to calculate TCS deductions? I only want deductions based on current year turnover.
How can we disable the setting that combines previous years turnover with the current year to calculate TCS deductions And want to deduction based on current year turnover.Kindly follow the following Steps.
Step 1: Go to the Administration Menu
Step 2: Click on Configuration option
Step 3: Select Features / Options
Step 4: Click on TDS/TCS
Step 5: Within TDS/TCS configurtion Select NO to Check Prev.Yr Data for TCS u/s 206(1H) option.
I want to enable the TDS report but am unable to find the option. Where should I go in BUSY to turn this on?
If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
I want to file TDS returns for the deductions made last financial year. How can I generate the TDS return filing report in BUSY?
You can generate the TDS return of the last financial year from below steps.
Step 1: Click on Administration
Step 2: Then Change financial year
Step 3: Select the previous year then its get open
Step 4: Click on Print/Email/SMS
Step 5: Then TDS/TCS report
Step 6: Then e TDS return non salary
Step 7: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder
I am unable to see the TDS report on my display in BUSY. How can I enable this?
If you not able to see the TDS report in the display menu then TDS option is disable in BUSY and you have to enable it from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then click on TDS/TCS
Step 5: Enable the TDS/TCS option
Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.
I deducted TDS for salaries in BUSY, but the entries are not reflecting correctly. What should I do?
If the TDS entry is not reflecting properly in the TDS for salary report the follow the below steps.
Step 1: Make sure that you have properly defined the TDS structure in the employee master.
Step 2: Check the salary calculation voucher if you have manually changed the tds value.
Step 3: If you have apply any filter then remove and check it.
Step 4: Make sure you are checking the correct TDS report of form 24Q.
Why am I unable to find the salary TDS deduction details in the TDS reports in BUSY?
If the TDS entry is not reflecting properly in the TDS for salary report the follow the below steps.
Step 1: Make sure that you have properly defined the TDS structure in the employee master.
Step 2: Check the salary calculation voucher if you have manually changed the tds value.
Step 3: If you have apply any filter then remove and check it.
Step 4: Make sure you are checking the correct TDS report of form 24Q.
Why is the software automatically removing TCS amounts from taxable value even though I don't want that?
Tcs will include in taxable amount or it will exclude from taxable value is depend on kind of setting you configured in tcs bill sundry:
Case 1: If you select adjust in sale or purchase amount option as yes then tcs amount will be inculded in taxable amount
Case 2: If you select adjust in sale and purchase option as no and specify some other account for this then tcs value will be excluded from taxable amount
Where is TCS getting accounted in BUSY? I don't see it going to the right head.
TCS is getting accounted in BUSY under the head of Duties and Taxes.If you want to see it then you can check your TCS Account master and to see it you can follow some steps:
Step 1: Click on Administration and then click on Master.
Step 2: Now click on Account and click on modify option and then select Tax colleced at source ledger or any other whatever you have created for TCS and check Account group in master.