Frequently Asked Questions

To associate the TDS percentage with a new vendor in BUSY then you have to enable the TDS option in the party master and it get apply according to the following steps.
 Step 1: For 194Q,When you mention the PAN number in the party master.
 Step 2: For Expense, It calculate according to the payee category mention under the TDS Category in the party master.

To display the TCS amount separately in your sales invoice, follow these steps:
 Step 1: Create a new account called TCS and place it in the Duties & Taxes group. Choose the tax type as TCS.
 Step 2: Associate this TCS account with the TCS bill sundry.
 By doing this, the TCS amount will show up as its own distinct item on your sales invoice.

If the system is not allowing you take the TCS Credit then follow the below steps.
 Step 1: Make sure you have to enter the proper ecommerce Transaction for the TCS.
 Step 2: Make sure you correctly pass the TCS input or output adjustemnt through F4 from the GST Summaries.
 Step 3: You should have user access or righst to pass the entry in BUSY.

To ensure that the software only considers current financial year transactions for TDS warnings, Then Pls Follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Make sure the for TDS warning, the option check previous year data of tds under section 194Q should be disable.

You can change the payee category as individual in the party master for the TDS.
 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 payee category.

If you want to deduct the TCS amount in the customer invoice on invoice amount in the bill sundry from the below steps.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Bill Sundry
 Step 4: Then Modify
 Step 5: Open the TDS bill sundry then in Right side you have to select the amount to be fed as Net bill amount.

The correct way to structute the masters and categories for TDS is :
 For Masters : We have to enable the tds option and mention the payee category in the party master and tds category in the expense account.
 For TDS Categories : Make sure the TDS category is proper configured the tds rate with PAN and without PAN number according to the payee category.

When TCS rate is not apply automatically in the voucher, Then pls follow the below steps :
 Step 1: TCS will get charge automatically when the threshold limit get crossed.
 Step 2: Make sure you have mention the payee category and applicability in the party master.
 Step 3: In TCS bill sundry, Make sure that TCS account is correctly tag and should have proper configuration.

You can access the past year data by opening the that financial year. As in BUSY you can view the data financial year wise.
 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.

In the TDS category, Mention the threshold limit as 0 for all the payee category.
 Pls follow the below steps 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 mention the threshold limit as 0 for the payee category and save it.