Frequently Asked
Questions

Q: The software is not carrying forward TDS/TCS references from previous years. How can I see old references in the current financial year?

You cannot see the old financial year TDS and TCS reference entries in the current financial year. You have to change the financial year from current to old, Pls follow the below steps. Step 1: Click on Administration Step 2: Then Change Financial year Step 3: Select the previous year for which you want to check the data.

Q: How can I resolve the issue of not being able to view or select the appropriate TDS tax category during payments?

To resolve the issue of appropriate TDS category, the pls follow the below steps. Step 1: Make sure to select the correct tds category during the payment. Step 2: If the TDS category payment already done then not show in the voucher. Step 3: Make sure that you have selected the voucher date after the tds book entry.

Q: The TCS amount is not getting captured in my sales and purchase reports. What should I check to fix this?

The TCS amount doesnot show in the sales and purchase account. As you apply the TCS bill sundry in the voucher and the account which is tag in the bill sundry is TCS under group of duties and taxes for sale and purchase. So, The TCS amount will reflect in the TCS ledger instead of sale and purchase.

Q: Why is TDS deduction happening automatically in some vouchers but not others? How to ensure it happens uniformly?

The TDS is not deducting automatically in some vouchers due to following reasons. Step 1: If the TDS set limit in the party master has not get crossed then TDS will get apply only if the limit get cross. Step 2: If the TDS feature is not enable in the party master then TDS will not get charge.

Q: How do I ensure TDS at % is deducted correctly in my vendor bills for Section Q?

As per provisions of section 194Q of the Income Tax Act, the purchaser of the goods paying any sum to the resident seller having value/ aggregate value exceeding INR 50 Lakhs is liable to deduct TDS 0.1 percent.If you want to deduct the TDS of 2 percent then either add it manually TDS bill sundry in the voucher.

Q: How can I make sure TCS always comes in sale invoices by default?

As per rule the TCS always apply in sale voucher and to make sure TCS always comes in sale invoices by default in BUSY, you can set the default TCS percentage for parties with PAN numbers in the Party-Item Price Structure configuration. If a party does not have a PAN number, the default TCS percentage will be 1%.

Q: Can you guide me through the steps to enter TDS on purchase?

If need to apply TDS in purchase voucher then follow steps : Step 1 : Go to administration then configuration Step 2 : Click on features and options then TDS and TCS Step 3 : Enable TDS Step 4 : Set TDS in account master Step 5 : Add purchase voucher if limit crosss TDS will auto apply in bill sundry with warning

Q: How do I correctly set up TDS and TCS ledgers in BUSY?

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: How can we file E-Return of TDS?

To file E-Return of TDS follow the below steps: Step 1:- Click on Print/Email/SMS→TDS Reports→eTDS Return (Non-Salary) then generate a .TXT file and define required fields like (Quarter period, TAN Number and receipt of earlier statement filed) then upload them to the Govt. Tool/utility of TDS e-REturn file. Note:- For downloading the offline utility for file E-return of TDS/TCS https://www.protean-tinpan.com/downloads/e-tds/eTDS-download-regular.html

Q: I am unable to see the TDS entries for the current month in the Q report. It only shows past months. How can I resolve this?

If the TDS entries are not showing in the TDS report,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 data range.

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Dealer Complaint/Issues

The software is not carrying forward TDS/TCS references from previous years. How can I see old references in the current financial year?

You cannot see the old financial year TDS and TCS reference entries in the current financial year. You have to change the financial year from current to old, Pls follow the below steps.
 Step 1: Click on Administration
 Step 2: Then Change Financial year
 Step 3: Select the previous year for which you want to check the data.

How can I resolve the issue of not being able to view or select the appropriate TDS tax category during payments?

To resolve the issue of appropriate TDS category, the pls follow the below steps.
 Step 1: Make sure to select the correct tds category during the payment.
 Step 2: If the TDS category payment already done then not show in the voucher.
 Step 3: Make sure that you have selected the voucher date after the tds book entry.

The TCS amount is not getting captured in my sales and purchase reports. What should I check to fix this?

The TCS amount doesnot show in the sales and purchase account. As you apply the TCS bill sundry in the voucher and the account which is tag in the bill sundry is TCS under group of duties and taxes for sale and purchase. So, The TCS amount will reflect in the TCS ledger instead of sale and purchase.

Why is TDS deduction happening automatically in some vouchers but not others? How to ensure it happens uniformly?

The TDS is not deducting automatically in some vouchers due to following reasons.
 Step 1: If the TDS set limit in the party master has not get crossed then TDS will get apply only if the limit get cross.
 Step 2: If the TDS feature is not enable in the party master then TDS will not get charge.

How do I ensure TDS at % is deducted correctly in my vendor bills for Section Q?

As per provisions of section 194Q of the Income Tax Act, the purchaser of the goods paying any sum to the resident seller having value/ aggregate value exceeding INR 50 Lakhs is liable to deduct TDS 0.1 percent.If you want to deduct the TDS of 2 percent then either add it manually TDS bill sundry in the voucher.

How can I make sure TCS always comes in sale invoices by default?

As per rule the TCS always apply in sale voucher and to make sure TCS always comes in sale invoices by default in BUSY, you can set the default TCS percentage for parties with PAN numbers in the Party-Item Price Structure configuration. If a party does not have a PAN number, the default TCS percentage will be 1%.

Can you guide me through the steps to enter TDS on purchase?

If need to apply TDS in purchase voucher then follow steps :
Step 1 : Go to administration then configuration
Step 2 : Click on features and options then TDS and TCS
Step 3 : Enable TDS
Step 4 : Set TDS in account master
Step 5 : Add purchase voucher if limit crosss TDS will auto apply in bill sundry with warning

How do I correctly set up TDS and TCS ledgers in BUSY?

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.

How can we file E-Return of TDS?

To file E-Return of TDS follow the below steps:
Step 1:- Click on Print/Email/SMS→TDS Reports→eTDS Return (Non-Salary) then generate a .TXT file and define required fields like (Quarter period, TAN Number and receipt of earlier statement filed) then upload them to the Govt. Tool/utility of TDS e-REturn file.
Note:- For downloading the offline utility for file E-return of TDS/TCS
 https://www.protean-tinpan.com/downloads/e-tds/eTDS-download-regular.html

I am unable to see the TDS entries for the current month in the Q report. It only shows past months. How can I resolve this?

If the TDS entries are not showing in the TDS report,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 data range.

Frequently AskedQuestions