Frequently Asked
Questions

Q: What could be the issue if the software applies an incorrect TDS rate despite correctly defining vendor PAN and TDS section?

To resolve the issue if the BUSY applies an incorrect TDS rate when PAN and TDS section already correctly defined. Pls follow the below steps : Step 1: Make sure that the TDS bill sundry configuration should be proper. Step 2: Make sure not to enter the TDS bill sundry manually in the voucher and default value in the bill sundry should be blank.

Q: I want to apply TCS to a transaction that has crossed the threshold limit. What steps should I follow in BUSY?

When the threshold limit get crossed then the TCS get charged automatically in the sales voucher from the below steps. Step 1: Enable the TCS feature from features and Options under Administration menu. Step 2: Enable the TCS option in the party master and set the applicability limit. Step 3: When the threshold limit get crossed then TCS reference window will get open automatically.

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: Why is the TCS amount not updating in all payment vouchers after accounting for it in the sales invoice?

The TCS amount may not be updating in all payment vouchers if there is an error in the accounting entries or if the TCS account is not selected correctly in the sales invoice. It is important to ensure that the TCS account is selected properly and that the accounting entries are accurate to ensure the correct updating of TCS amount in payment vouchers.

Q: I am unable to find the TDS Category option under Masters in BUSY. What should I do?

If TDS Category option is not showing in the masters then you have to enable the TDS feature from below steps. Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Then TDS/TCS option Step 5: Enable the TDS Reporting Step 6: Go to the Masters Step 7: Then you will get the TDS Category option

Q: TDS Category option is missing under Masters in BUSY. How do I access this feature?

If TDS Category option is not showing in the masters then you have to enable the TDS feature from below steps. Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Then TDS/TCS option Step 5: Enable the TDS Reporting Step 6: Go to the Masters Step 7: Then you will get the TDS Category option

Q: I am unable to see the TCS ledger entries properly. What could be the reason?

If you unable to see the entries in the TCS ledger properly,then pls follow the below steps. Step 1: Make sure that the TCS account is properly tagged in the TCS bill sundry. Step 2: Make sure that you have applied the TCS in all the required vouchers. Step 3: Remove the filter if apply in the TCS ledger and then check it

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

What could be the issue if the software applies an incorrect TDS rate despite correctly defining vendor PAN and TDS section?

To resolve the issue if the BUSY applies an incorrect TDS rate when PAN and TDS section already correctly defined.
 Pls follow the below steps :
 Step 1: Make sure that the TDS bill sundry configuration should be proper.
 Step 2: Make sure not to enter the TDS bill sundry manually in the voucher and default value in the bill sundry should be blank.

I want to apply TCS to a transaction that has crossed the threshold limit. What steps should I follow in BUSY?

When the threshold limit get crossed then the TCS get charged automatically in the sales voucher from the below steps.
 Step 1: Enable the TCS feature from features and Options under Administration menu.
 Step 2: Enable the TCS option in the party master and set the applicability limit.
 Step 3: When the threshold limit get crossed then TCS reference window will get open automatically.

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 .

Why is the TCS amount not updating in all payment vouchers after accounting for it in the sales invoice?

The TCS amount may not be updating in all payment vouchers if there is an error in the accounting entries or if the TCS account is not selected correctly in the sales invoice. It is important to ensure that the TCS account is selected properly and that the accounting entries are accurate to ensure the correct updating of TCS amount in payment vouchers.

I am unable to find the TDS Category option under Masters in BUSY. What should I do?

If TDS Category option is not showing in the masters then you have to enable the TDS feature from below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then TDS/TCS option
 Step 5: Enable the TDS Reporting
 Step 6: Go to the Masters
 Step 7: Then you will get the TDS Category option

TDS Category option is missing under Masters in BUSY. How do I access this feature?

If TDS Category option is not showing in the masters then you have to enable the TDS feature from below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then TDS/TCS option
 Step 5: Enable the TDS Reporting
 Step 6: Go to the Masters
 Step 7: Then you will get the TDS Category option

I am unable to see the TCS ledger entries properly. What could be the reason?

If you unable to see the entries in the TCS ledger properly,then pls follow the below steps.
 Step 1: Make sure that the TCS account is properly tagged in the TCS bill sundry.
 Step 2: Make sure that you have applied the TCS in all the required vouchers.
 Step 3: Remove the filter if apply in the TCS ledger and then check it

Frequently AskedQuestions