Frequently Asked Questions

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.

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.

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.

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.

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.

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 .

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.

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

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

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