Frequently Asked
Questions

Q: How do I set up different TDS rates based on vendor PAN and TDS section?

You can set up different TDS rates based on vendor PAN and TDS section from below steps : 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.

Q: How can I set different TDS rates for resident and non-resident parties?

You can set up the different TDS rates for resident and non resident parties 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 tds rate for the payee category in the tds with PAN and TDS without PAN column and save it.

Q: I deducted TDS under the wrong category, which is why it did not show up in reports. How can I modify the TDS category for journal entries that are already posted?

You can modify that tds voucher in which wrongly mention the tds category and in the party master add it the correct tds category. Pls follow the below steps : Step 1: Click on Transactions Step 2: Then Journal Step 3: Open that voucher in modify mode and enter the correct tds category and in the tds reference window should be same.

Q: I selected a party while doing TDS entry in BUSY but still the TDS amount is not showing under duties and taxes. What could be the reason for this?

If your TDS entry in not showing under duties and taxes,then make sure you have selected the correct TDS account group as Duties and Taxes with TDS tax type. Can check from below steps : Step 1: Click on Administration Step 2: Then Masters Step 3: Then Account Step 4: Select the TCS account in modify mode and check the account group

Q: I want the TCS deductions to be based only on the current year's turnover and not include previous year's turnover. How can I configure this in BUSY?

How can we configure TCS deductions to be based only on the current years turnover. Kindly follow the following Steps. Step 1: Go to the Administration Menu Step 2: Click on Configuration option Step 3: Select Features / Options Step 4: Click on TDS/TCS Step 5: Within TDS/TCS configurtion Select NO to Check Prev.Yr Data for TCS u/s 206(1H) option.

Q: I made changes to the TCS accounts, but they are not reflecting even after regenerating reports. How can I update the changes?

You should have to run regenerate dual voucher for the changes done on TCS accounts after below steps. Step 1: When you do the changes in the bill sundry then re enter it that bill sundry in the voucher after removing from the F9 shortcut Key and save it. Step 2: Then after data backup run the regenerate dual voucher from housekeeping

Q: I made changes to TDS settings, but they are not reflecting. Why is TDS not getting updated, and how can I fix this?

If you have done the changes in the TCS bill sundry, Then pls follow the below steps. Step 1: When changes has been done then you need to enter in again the voucher. From F9 remove the bill sundry and add it again in the voucher. Step 2: For updating in bulk then after backup run dual voucher process from housekeeping.

Q: Some of my commission income entries are not showing any TDS deduction in BUSY. How do I ensure TDS is calculated properly?

If some commission income entries are not showing any TDS deduction then check the below steps. Step 1: Make sure you have enable the TDS feature in the party master. Step 2: You have properly set the applicable limit for TDS in the party master. Step 3: You should have to select the correct TDS account in the TDS bill sundry.

Q: How do I create separate ledgers for TCS on sale and TCS on scrap under TCS ledger in BUSY?

To create the seperate ledger for TCS on sales and TCS on scrap from below steps. Step 1: Click on Administration Step 2: Then Masters Step 3: Then Account Step 4: Then Add Step 5: Mention the account name TCS on sales and TCS on scrap and mention the correct TCS account group as Duties and Taxes with TCS tax type.

Q: How do I adjust the TDS reference amount deducted earlier while making a payment voucher in BUSY?

You can adjust the TDS reference during the payment voucher. Pls follow the below steps : Step 1: Click on Transactions Step 2: Then Payment Step 3: Then Add Here DEBIT the TDS acccount and CREDIT the bank account. When you save the voucher tds reference adjustment window will get open, Then select the quarter and adjust the tds reference.

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

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Dealer Complaint/Issues

How do I set up different TDS rates based on vendor PAN and TDS section?

You can set up different TDS rates based on vendor PAN and TDS section from below steps :
 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.

How can I set different TDS rates for resident and non-resident parties?

You can set up the different TDS rates for resident and non resident parties 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 tds rate for the payee category in the tds with PAN and TDS without PAN column and save it.

I deducted TDS under the wrong category, which is why it did not show up in reports. How can I modify the TDS category for journal entries that are already posted?

You can modify that tds voucher in which wrongly mention the tds category and in the party master add it the correct tds category.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Open that voucher in modify mode and enter the correct tds category and in the tds reference window should be same.

I selected a party while doing TDS entry in BUSY but still the TDS amount is not showing under duties and taxes. What could be the reason for this?

If your TDS entry in not showing under duties and taxes,then make sure you have selected the correct TDS account group as Duties and Taxes with TDS tax type.
 Can check from below steps :
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Select the TCS account in modify mode and check the account group

I want the TCS deductions to be based only on the current year's turnover and not include previous year's turnover. How can I configure this in BUSY?

How can we configure TCS deductions to be based only on the current years turnover. Kindly follow the following Steps.
 Step 1: Go to the Administration Menu
 Step 2: Click on Configuration option 
 Step 3: Select Features / Options
 Step 4: Click on TDS/TCS 
 Step 5: Within TDS/TCS configurtion Select NO to Check Prev.Yr Data for TCS u/s 206(1H) option.

I made changes to the TCS accounts, but they are not reflecting even after regenerating reports. How can I update the changes?

You should have to run regenerate dual voucher for the changes done on TCS accounts after below steps.
 Step 1: When you do the changes in the bill sundry then re enter it that bill sundry in the voucher after removing from the F9 shortcut Key and save it.
 Step 2: Then after data backup run the regenerate dual voucher from housekeeping

I made changes to TDS settings, but they are not reflecting. Why is TDS not getting updated, and how can I fix this?

If you have done the changes in the TCS bill sundry, Then pls follow the below steps.
 Step 1: When changes has been done then you need to enter in again the voucher. From F9 remove the bill sundry and add it again in the voucher.
 Step 2: For updating in bulk then after backup run dual voucher process from housekeeping.

Some of my commission income entries are not showing any TDS deduction in BUSY. How do I ensure TDS is calculated properly?

If some commission income entries are not showing any TDS deduction then check the below steps.
 Step 1: Make sure you have enable the TDS feature in the party master.
 Step 2: You have properly set the applicable limit for TDS in the party master.
 Step 3: You should have to select the correct TDS account in the TDS bill sundry.

How do I create separate ledgers for TCS on sale and TCS on scrap under TCS ledger in BUSY?

To create the seperate ledger for TCS on sales and TCS on scrap from below steps.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Add
 Step 5: Mention the account name TCS on sales and TCS on scrap and mention the correct TCS account group as Duties and Taxes with TCS tax type.

How do I adjust the TDS reference amount deducted earlier while making a payment voucher in BUSY?

You can adjust the TDS reference during the payment voucher.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Payment
 Step 3: Then Add 
 Here DEBIT the TDS acccount and CREDIT the bank account. When you save the voucher tds reference adjustment window will get open, Then select the quarter and adjust the tds reference.

Frequently AskedQuestions