Frequently Asked
Questions

Q: Why am I unable to apply TDS deduction on payments in BUSY as per government rules?

If you are not able to apply the TDS in the payment voucher. Check the below steps. Step 1: Make sure that you have selected the correct party in which TDS option is enable and TDS account in the voucher. Step 2: Make sure you have selected the correct voucher date, the date should after the TDS booking entry.

Q: How do i record advance TDS payment in BUSY?

In BUSY,You cannot make an advance TDS payment entry.It is mandatory to create a TDS reference within a purchase or payment voucher before making TDS payment entry. To process TDS payments, you must initially generate an invoice that includes the TDS within the defined limits. Subsequently, you can post the TDS payment and can adjust the TDS reference accordingly.

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 have purchased goods worth Rs lakhs from company ABC. I have also received sample products worth Rs lakhs from the same company ABC. I want to record the sample products under a separate account name. How will this impact the calculation of TDS liability?

If you record the sample product under different account this will not impact the TDS calculation when the PAN number is not mention in the party master.But if you mention the PAN number in the seperate account and pass the purchase voucher instead of inventory then TDS will get charge as per the threshold limt or TDS applicability.

Q: I want to set an alert or trigger when a party's sales cross a certain threshold (e.g., lakhs). How can I configure this in BUSY?

You can enable the warning for the TDS when sales get cross above 50 lakh. You can configure it from the 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 warning in the purchase and payment voucher for the TDS.

Q: I am unable to separate TCS on sales and TCS on purchase in my ledgers. What is the right way to account for them?

You have to create the seperate ledger account by name TCS on sales and TCS on purchase under group duties and taxes. Pls follow the below steps : Step 1: Click on Administration Step 2: Then Masters Step 3: Then Account Step 4: Then Add Step 5: Then tag it in the Bill sundry of TCS.

Q: I'm trying to add TDS references in BUSY, but the reference window is not appearing. What should I do to make it appear?

If the TDS reference window ins not appearing in the voucher then need to check the below steps. Step 1: The TDS feature should be enable in the party master and mention the applicability for TDS. Step 2: If set the applicability after limit in the party master, then TDS will get charge when the limit get cross.

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

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Errors (RTE/Ransome), Feedbacks and Bugs

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License Management/Softlock/Hardlock

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Dealer Complaint/Issues

Why am I unable to apply TDS deduction on payments in BUSY as per government rules?

If you are not able to apply the TDS in the payment voucher. Check the below steps.
 Step 1: Make sure that you have selected the correct party in which TDS option is enable and TDS account in the voucher.
 Step 2: Make sure you have selected the correct voucher date, the date should after the TDS booking entry.

How do i record advance TDS payment in BUSY?

In BUSY,You cannot make an advance TDS payment entry.It is mandatory to create a TDS reference within a purchase or payment voucher before making TDS payment entry. To process TDS payments, you must initially generate an invoice that includes the TDS within the defined limits. Subsequently, you can post the TDS payment and can adjust the TDS reference accordingly.

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 have purchased goods worth Rs lakhs from company ABC. I have also received sample products worth Rs lakhs from the same company ABC. I want to record the sample products under a separate account name. How will this impact the calculation of TDS liability?

If you record the sample product under different account this will not impact the TDS calculation when the PAN number is not mention in the party master.But if you mention the PAN number in the seperate account and pass the purchase voucher instead of inventory then TDS will get charge as per the threshold limt or TDS applicability.

I want to set an alert or trigger when a party's sales cross a certain threshold (e.g., lakhs). How can I configure this in BUSY?

You can enable the warning for the TDS when sales get cross above 50 lakh. You can configure it from the 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 warning in the purchase and payment voucher for the TDS.

I am unable to separate TCS on sales and TCS on purchase in my ledgers. What is the right way to account for them?

You have to create the seperate ledger account by name TCS on sales and TCS on purchase under group duties and taxes.
 Pls follow the below steps :
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account 
 Step 4: Then Add 
 Step 5: Then tag it in the Bill sundry of TCS.

I'm trying to add TDS references in BUSY, but the reference window is not appearing. What should I do to make it appear?

If the TDS reference window ins not appearing in the voucher then need to check the below steps.
 Step 1: The TDS feature should be enable in the party master and mention the applicability for TDS.
 Step 2: If set the applicability after limit in the party master, then TDS will get charge when the limit get cross.

Frequently AskedQuestions