Frequently Asked Questions

If you have done the changes in the TDS 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.

TCS stands for Tax Collected at Source. It is a tax that is collected by the seller from the buyer at the time of sale. In BUSY, you can charge TCS to parties with a turnover exceeding 10 crores by enabling the settings in the party master. This will allow automatic deduction of TCS when the billing crosses the specified limit.

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.

The TCS report may not be showing the tax collected figures correctly in BUSY Software due to incorrect configuration or mapping of TCS accounts, deletion of the TCS category, or errors in voucher entry. It is recommended to check the configuration settings, ensure the TCS category is properly set up, and verify the accuracy of voucher entries to resolve the issue.

You can configure the correct 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.

You can update the TDS rate in the TDS category.
 Pls follow the 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.

The TDS rent on land not capturing automatically in the new entries then you have to check the below steps.
 Step 1: The TDS feature should be enable in the party master.
 Step 2: The correct TDS Rent on land category should be tag in the rent on land account.
 Step 3: The TDS catgeory threshold limit should be proper.

You can enable TDS feature from the below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then click on TDS/TCS
 Step 5: Enable the TDS/TCS option
 Step 6: Mention the warning for TDS as per your requirement in the bottom.
 The TDS Calculation is applicable for all the voucher types.

If TDS deduction is charging the higher amount then make sure to disable the previous year considering the TDS Value.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then the TDS/TCS option
 Step 5: Disable the option check previous year data for TCS u/s 194Q.

If the TDS entries are not showing in the TDS 26Q report of June month,then pls follow the below steps.
 Step 1: In 26Q report, The data shows when the payment is done for that reference. If the payment is pending then the data will show in this report.
 Step 2: Make sure that you have selected the correct quarter.