Frequently Asked
Questions

Q: I am unable to account for purchase returns while calculating TDS deductions automatically. What should I do?

To account for purchase returns while calculating TDS deductions automatically in BUSY, you need to make sure that you adjust the TDS deduction amount accordingly. If you have returned goods worth a certain value, you should deduct the TDS amount on the remaining value of the purchase. This will ensure that the TDS deductions are accurately calculated and accounted for.

Q: Why is the TDS amount not getting calculated correctly even though the voucher appears accurate?

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 accounts . Step 4 : Review theTDS reports . Step 5 : Recheck the transactions and balances .

Q: I am not able to apply TDS limit changes retrospectively from the beginning for a vendor. What should I do to apply TDS limit changes from the start date?

You can apply the TDS limit in the vendor master from the below steps. 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 limit.

Q: How can I capture TDS section and deductor PAN details while passing an accounting entry for TDS deducted by others in BUSY?

TDS section get captured in the BUSY from TDS Category. In TDS Category there is details related to TDS section, payee category, threshold limit, tds with or without pan percentage and surcharge as mention it as per your requirement. For PAN Number, which you mention the party master deduct the value as per percentage mention in the tds category.

Q: My expense and TDS entry is doubled in the voucher. How do I correct the voucher to show accurate expense and TDS?

If your TDS amount get doubled when you enter the correct TDS rate, Then follow the below steps : Step 1: Open the TDS bill sundry Step 2: On right side, You have to calculate the tds on percentage but the tax rate should be 100 percent only. If you mention the 200 then will calculate double time.

Q: How can I resolve the issue of the system doubling the TDS amount even when I enter the correct TDS rate?

If your TDS amount get doubled when you enter the correct TDS rate, Then follow the below steps : Step 1: Open the TDS bill sundry Step 2: On right side, You have to calculate the tds on percentage but the tax rate should be 100 percent only. If you mention the 200 then will calculate double time.

Q: I can't find the TDS section in BUSY to make changes to TDS percentages. Where can I locate this feature?

You can configure the TDS rate in the TDS category from 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.

Q: I want the software to automatically calculate and deduct TDS when I receive payments. How can I set this up?

To setup the TDS should deduct automatically in the BUSY during the payment. Step 1: Enable the TDS deduction for the payment voucher from features and Options under Administration menu. Step 2: Enable the TDS feature in the party master then set the applicability and mention the payee category. Step 3: Mention the TDS category in the expense account.

Q: Why is the accounting software not deducting TDS after turnover crosses Rs. lakhs even though TDS deduction is enabled?

If TDS is not deducting when the limit is already crossed then make sure that TDS should be enable in the party master. Step 1: Click on Administration Step 2: Then Masters Step 3: Then Account Step 4: Then Modify Select the party master and in TCS window can change the applicability and pyaee category as per your requirement.

Q: The TCS entries I made are not visible. Do I need to take a backup before they get updated?

If you unable to see the TCS entries,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

I am unable to account for purchase returns while calculating TDS deductions automatically. What should I do?

To account for purchase returns while calculating TDS deductions automatically in BUSY, you need to make sure that you adjust the TDS deduction amount accordingly. If you have returned goods worth a certain value, you should deduct the TDS amount on the remaining value of the purchase. This will ensure that the TDS deductions are accurately calculated and accounted for.

Why is the TDS amount not getting calculated correctly even though the voucher appears accurate?

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 accounts .
 Step 4 : Review theTDS reports .
 Step 5 : Recheck the transactions and balances .

I am not able to apply TDS limit changes retrospectively from the beginning for a vendor. What should I do to apply TDS limit changes from the start date?

You can apply the TDS limit in the vendor master from the below steps.
 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 limit.

How can I capture TDS section and deductor PAN details while passing an accounting entry for TDS deducted by others in BUSY?

TDS section get captured in the BUSY from TDS Category. In TDS Category there is details related to TDS section, payee category, threshold limit, tds with or without pan percentage and surcharge as mention it as per your requirement. For PAN Number, which you mention the party master deduct the value as per percentage mention in the tds category.

My expense and TDS entry is doubled in the voucher. How do I correct the voucher to show accurate expense and TDS?

If your TDS amount get doubled when you enter the correct TDS rate, Then follow the below steps :
 Step 1: Open the TDS bill sundry 
 Step 2: On right side, You have to calculate the tds on percentage but the tax rate should be 100 percent only. If you mention the 200 then will calculate double time.

How can I resolve the issue of the system doubling the TDS amount even when I enter the correct TDS rate?

If your TDS amount get doubled when you enter the correct TDS rate, Then follow the below steps :
 Step 1: Open the TDS bill sundry 
 Step 2: On right side, You have to calculate the tds on percentage but the tax rate should be 100 percent only. If you mention the 200 then will calculate double time.

I can't find the TDS section in BUSY to make changes to TDS percentages. Where can I locate this feature?

You can configure the TDS rate in the TDS category from 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.

I want the software to automatically calculate and deduct TDS when I receive payments. How can I set this up?

To setup the TDS should deduct automatically in the BUSY during the payment.
 Step 1: Enable the TDS deduction for the payment voucher from features and Options under Administration menu.
 Step 2: Enable the TDS feature in the party master then set the applicability and mention the payee category.
 Step 3: Mention the TDS category in the expense account.

Why is the accounting software not deducting TDS after turnover crosses Rs. lakhs even though TDS deduction is enabled?

If TDS is not deducting when the limit is already crossed then make sure that TDS should be enable in the party master.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Modify
 Select the party master and in TCS window can change the applicability and pyaee category as per your requirement.

The TCS entries I made are not visible. Do I need to take a backup before they get updated?

If you unable to see the TCS entries,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