Frequently Asked Questions

If you are not able select the correct category or reference for the TDS entry.
 Pls follow the below steps :
 Step 1: Make sure that correct TDS category should be tagged in the TDS account.
 Step 2: Make sure that correct TDS account has been selected in the TDS bill sundry which applied in the voucher.
 Step 3: The correct TDS category should be selected in the expense account.

In the credit note voucher, you only have to apply the tds if you want to reverse the TCS reference.
Pls follow the below steps.
Step 1: Click on Transactions
Step 2: Open the credit note voucher
Step 3: Apply the TCS bill sundry
Step 4: Then the TCS reference window will get open in the voucher 
Step 5: Enable the TCS reversal option and adjust the TCS reference which created in the purchase voucher.

The software automatic pick the TDS amount in the voucher if the threshold limit or applicability limit which mention in the party master get crossed.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Modify
 Select the account name and put the cursor on account group then press single enter after that TDS window will get open. Here we can specify the limit.

In TDS bill sundry you can set up the TDS deductions based on the taxable amount instead of gross puchase.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Bill Sundry
 Step 4: Open the TDS bill sundry, then open on right side you have option for amount of bill sundry to be fed as to tick on the Taxable amount.

In TDS bill sundry you can set up the TDS deductions based on the taxable amount instead of bill amount.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Bill Sundry
 Step 4: Open the TDS bill sundry, then open on right side you have option for amount of bill sundry to be fed as to tick on the Taxable amount.

In the credit note voucher, you only have to apply the tds if you want to reverse the TCS reference.
Pls follow the below steps.
Step 1: Click on Transactions
Step 2: Open the credit note voucher
Step 3: Apply the TCS bill sundry
Step 4: Then the TCS reference window will get open in the voucher 
Step 5: Enable the TCS reversal option and adjust the TCS reference which created in the purchase voucher.

In the credit note voucher, you only have to apply the tds if you want to reverse the TCS reference.
Pls follow the below steps.
Step 1: Click on Transactions
Step 2: Open the credit note voucher
Step 3: Apply the TCS bill sundry
Step 4: Then the TCS reference window will get open in the voucher 
Step 5: Enable the TCS reversal option and adjust the TCS reference which created in the purchase voucher.

You can customize the TDS rates and Threshold for different parties.
 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.

To apply TCS at voucher level in BUSY, you can follow the below steps:
Step 1: Go to transaction section then select the requird voucher and click on add tab.
Step 2: Now, Create the invoice with all required details like voucher number, date, party details, item details along with quantity and price etc.
Step 3: Afterward, select TCS bill sundry at bill sundry grid and specify the amount then save the invoice.

If the TDS deduction is not showing correctly in the TDS report then follow the below steps.
 Step 1: Make sure you have properly created and adjusted the TDS references.
 Step 2: Make sure you have mention the PAN number in the party master for calculating the correct TDS value.
 Step 3: You can check the TDS audit report which shows in which vouchers are mismatch then correct it.