Frequently Asked Questions

If the TDS amount is not showing in the vendor ledger after deduction then follow the below steps.
 Step 1: Make sure that in the TDS bill sundry,the post over and above option should be enabled for accounting in purchase.
 Step 2: You can open the vendor ledger by selecting the details to be shows as full voucher details.

The TDS data frequently update as per the transactions has been properly entered by you in the BUSY.
 You can view the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select the category and then apply filter on party to view the report.

If the TDS amount is not showing in the vendor ledger after deduction then follow the below steps.
 Step 1: Make sure that in the TDS bill sundry,the post over and above option should be enabled for accounting in purchase.
 Step 2: You can open the vendor ledger by selecting the details to be shows as full voucher details.

In BUSY, option available for TDS / TCS. To know how to enable it, you need to follow these steps:
Step 1: Open your company then click on Administration tab.
Step 2: Click on Configuration then select Features / Options.
Step 3: Select TDS / TCS and here you can Enable TDS / TCS Reporting then configure it as per the requirements.

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.

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.

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.

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.

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.

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.