Frequently Asked Questions

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.

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 .

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.

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.

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.

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.

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.

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.

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.

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