Frequently Asked
Questions

Q: How do I change the payee category to "Individual" for my commission income entries in BUSY?

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.

Q: The TCS amount is not getting deducted from the customer invoice total. What could be wrong?

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.

Q: How do I link vendors with the applicable TDS percentage in BUSY, as it's currently showing % for all vendors?

To link the TDS percentage with a 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.

Q: How can I configure different TDS percentages for various vendors in BUSY, as it applies the same default everywhere?

To configure the TDS percentage for various 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.

Q: How can I enable TCS (Tax Collected at Source) in BUSY and view it in the tax ledger?

You can enable the TCS in BUSY from 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: Mention the warning for TCS as per your requirement in the bottom. Step 6: You can view in the TCS report as per the tcs references apply in the sales voucher.

Q: What should I do if the rate percent shown in the audit report is wrong?

Here are common reasons for the mismatch and solutions: Step 1: Check Incomplete or Missing Transactions. Step 2: Check for any unrecorded transactions and enter them into your BUSY Step 3: Double-check the tax rates and tax codes used for each transaction. Step 4: Changes in tax rates by the government can lead Step 5 : Check Audit report and reconcile report to find mistch amounts and accounts .

Q: I want to record the purchase of sample products from a company under a separate account name than regular purchases from the same company. How can I do this while ensuring accurate TDS deduction?

If you want to record the purchase for the sample product with the seperate account then follow the below steps. Step 1: You can create the seperate account as a sub ledger for the same company. Step 2: Mention the same company PAN number in the seperate created account and enable the TDS feature. Then the TDS will get charge accurately in the voucher.

Q: I am unable to see the TDS deduction reflected correctly in the ledger. It is showing the gross amount paid instead of the net amount after TDS. What should I do?

If the TDS deduction is not reflecting correctly in the ledger on net amount after TDS. Pls follow 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.

Q: The tax columns like TDS and TCS are not showing proper values after I updated the master. What could be the reason for this mismatch?

To address this issue, consider the following possible steps: Step 1: Double-check the accuracy of the updated master data, especially tax-related information. Step 2: Verify the software's tax configurations to ensure they match the updated master data. Step 3: Reconcile the TDS and TCS accounts . Step 4 : Review theTDS and TCS reports . Step 5 : Recheck the transactions and balances .

Q: I enabled TDS as required, but the DSC report is not showing the TDS amount. What should I do to get TDS reflected properly?

To address this issue, consider the following possible steps: Step 1: Double-check the accuracy of the updated master data, especially tax-related information. Step 2: Verify the software's tax configurations to ensure they match the updated master data. Step 3: Reconcile the TDS and TCS accounts . Step 4 : Review theTDS and TCS reports . Step 5 : Recheck the transactions and balances .

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

Taxation (GST/VAT/TDS/TCS/RCM)

Export/Import/Data Conversion

Errors (RTE/Ransome), Feedbacks and Bugs

Barcode, QR Code and Lable Printing

License Management/Softlock/Hardlock

Enquiry/Upgrade/Visit/Renewal

UMS Related Issue (Dealer Query)

Software Features

Implementation

Dealer Complaint/Issues

Enquiry/Upgrade/Visit/Renewal

Dealer Complaint/Issues

How do I change the payee category to "Individual" for my commission income entries in BUSY?

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.

The TCS amount is not getting deducted from the customer invoice total. What could be wrong?

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.

How do I link vendors with the applicable TDS percentage in BUSY, as it's currently showing % for all vendors?

To link the TDS percentage with a 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.

How can I configure different TDS percentages for various vendors in BUSY, as it applies the same default everywhere?

To configure the TDS percentage for various 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.

How can I enable TCS (Tax Collected at Source) in BUSY and view it in the tax ledger?

You can enable the TCS in BUSY from 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: Mention the warning for TCS as per your requirement in the bottom.
 Step 6: You can view in the TCS report as per the tcs references apply in the sales voucher.

What should I do if the rate percent shown in the audit report is wrong?

Here are common reasons for the mismatch and solutions:
Step 1: Check Incomplete or Missing Transactions.
Step 2: Check for any unrecorded transactions and enter them into your BUSY
Step 3: Double-check the tax rates and tax codes used for each transaction.
Step 4: Changes in tax rates by the government can lead
Step 5 : Check Audit report and reconcile report to find mistch amounts and accounts .

I want to record the purchase of sample products from a company under a separate account name than regular purchases from the same company. How can I do this while ensuring accurate TDS deduction?

If you want to record the purchase for the sample product with the seperate account then follow the below steps.
 Step 1: You can create the seperate account as a sub ledger for the same company.
 Step 2: Mention the same company PAN number in the seperate created account and enable the TDS feature.
 Then the TDS will get charge accurately in the voucher.

I am unable to see the TDS deduction reflected correctly in the ledger. It is showing the gross amount paid instead of the net amount after TDS. What should I do?

If the TDS deduction is not reflecting correctly in the ledger on net amount after TDS.
 Pls follow 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 tax columns like TDS and TCS are not showing proper values after I updated the master. What could be the reason for this mismatch?

To address this issue, consider the following possible steps:
 Step 1: Double-check the accuracy of the updated master data, especially tax-related information.
 Step 2: Verify the software's tax configurations to ensure they match the updated master data.
 Step 3: Reconcile the TDS and TCS accounts . Step 4 : Review theTDS and TCS reports .
 Step 5 : Recheck the transactions and balances .

I enabled TDS as required, but the DSC report is not showing the TDS amount. What should I do to get TDS reflected properly?

To address this issue, consider the following possible steps:
 Step 1: Double-check the accuracy of the updated master data, especially tax-related information.
 Step 2: Verify the software's tax configurations to ensure they match the updated master data.
 Step 3: Reconcile the TDS and TCS accounts .
 Step 4 : Review theTDS and TCS reports .
 Step 5 : Recheck the transactions and balances .

Frequently AskedQuestions