Frequently Asked
Questions

Q: Through 'Apply Tax' option the TCS is not appearing automatically in the voucher. Do I need to apply TCS manually?

In the voucher, when you click on apply tax option then TCS is not appearing from below steps. Step 1: Make sure that the TCS feature should be enable in the party master. Step 2: The TCS will get charge automatically through apply tax if the threshold limit and applicability limit get crossed for the party.

Q: I am unable to reconcile my accounts because of discrepancies in TDS amounts in BUSY. How can I fix this?

If there is discrepanices in the account and TDS amount then pls check the below report and correct the TDS entries. You can reconcile the TDS TCS deduction details from below reports : Step 1: Click on display menu Step 2: Then TDS/TCS reports Step 3: Then TDS Audit report and reconcile accounts and TCS report.

Q: I want the total TDS amounts for multiple vendors to show in one consolidated report. How can I do this?

You can check the total TDS amounts for multiple vendor in the TDS report from below steps. Step 1: Click on Display Step 2: Then TDS/TCS reports Step 3: Then TDS deduction details Step 4: Then open with category and check in the bottom it will show that total TDS amount in the TDS column

Q: Why is the accounting software picking up the total voucher amount instead of the taxable value for TDS calculation?

For TDS calculation,we have to configure in the TDS bill sundry from the below steps. Step 1: Click on Administration Step 2: Then Masters Step 3: Then Bill Sundry Step 4: Then Modify Step 5: Open the TDS bill sundry then in Right side you have to select the amount to be fed as Taxable amount.

Q: The 'Check previous year data for TCS' option is disabled in my BUSY. How can I enable it?

You can enable the option Check previous year data for TCS from 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 TCS Reporting Step 6: In left bottom, You will get the check previous year data then enable it.

Q: Why is the June month TDS data not visible in the Q report during the April-June quarter?

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 quarter.

Q: How can I check if TCS has been applied properly on invoices and credit notes in BUSY?

If you want to check that the TCS references has created properly or not then you can check the below report.Here shows the data if there is any mismatch in the TCS entries. Pls follow the below steps : Step 1: Click on Display Step 2: Then TDS/TCS reports Step 3: Then Reconcile accounts and TCS

Q: What is the process to clear TDS adjustments without affecting the purchase vouchers in the software?

You can adjust the TDS reference during the payment voucher. Pls follow the below steps : Step 1: Click on Transactions Step 2: Then Payment Step 3: Then Add Here DEBIT the TDS acccount and CREDIT the bank account. When you save the voucher tds reference adjustment window will get open, Then select the quarter and adjust the tds reference.

Q: The TDS amount is rounding off incorrectly in the voucher. How to resolve this?

If the TDS amount is not round off correctly then follow the below steps. Step 1: In the TDS bill sundry, Check the round off setting should be set to UPPER LIMIT and round off nearest to 1. Step 2: Check the round off configuration in TDS/TCS feature from where we enabled it from Administration menu.

Q: How can i generate a TDS report in BUSY?

To generate TDS reports in BUSY, you need to follow these steps: Step 1: Go to display menu then select TDS reports option. Step 2: Here, select the report from the available options such as form 26Q, TDS deduction details, etc as per the requirements. Step 3: After selecting the report enter the period and can view the report.

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

Through 'Apply Tax' option the TCS is not appearing automatically in the voucher. Do I need to apply TCS manually?

In the voucher, when you click on apply tax option then TCS is not appearing from below steps.
 Step 1: Make sure that the TCS feature should be enable in the party master.
 Step 2: The TCS will get charge automatically through apply tax if the threshold limit and applicability limit get crossed for the party.

I am unable to reconcile my accounts because of discrepancies in TDS amounts in BUSY. How can I fix this?

If there is discrepanices in the account and TDS amount then pls check the below report and correct the TDS entries.
 You can reconcile the TDS TCS deduction details from below reports :
 Step 1: Click on display menu
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS Audit report and reconcile accounts and TCS report.

I want the total TDS amounts for multiple vendors to show in one consolidated report. How can I do this?

You can check the total TDS amounts for multiple vendor in the TDS report from below steps.
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS deduction details 
 Step 4: Then open with category and check in the bottom it will show that total TDS amount in the TDS column

Why is the accounting software picking up the total voucher amount instead of the taxable value for TDS calculation?

For TDS calculation,we have to configure in the TDS bill sundry from the below steps.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Bill Sundry
 Step 4: Then Modify
 Step 5: Open the TDS bill sundry then in Right side you have to select the amount to be fed as Taxable amount.

The 'Check previous year data for TCS' option is disabled in my BUSY. How can I enable it?

You can enable the option Check previous year data for TCS from 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 TCS Reporting
 Step 6: In left bottom, You will get the check previous year data then enable it.

Why is the June month TDS data not visible in the Q report during the April-June quarter?

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 quarter.

How can I check if TCS has been applied properly on invoices and credit notes in BUSY?

If you want to check that the TCS references has created properly or not then you can check the below report.Here shows the data if there is any mismatch in the TCS entries.
 Pls follow the below steps :
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then Reconcile accounts and TCS

What is the process to clear TDS adjustments without affecting the purchase vouchers in the software?

You can adjust the TDS reference during the payment voucher.
Pls follow the below steps :
Step 1: Click on Transactions
Step 2: Then Payment
Step 3: Then Add 
Here DEBIT the TDS acccount and CREDIT the bank account. When you save the voucher tds reference adjustment window will get open, Then select the quarter and adjust the tds reference.

The TDS amount is rounding off incorrectly in the voucher. How to resolve this?

If the TDS amount is not round off correctly then follow the below steps.
 Step 1: In the TDS bill sundry, Check the round off setting should be set to UPPER LIMIT and round off nearest to 1.
 Step 2: Check the round off configuration in TDS/TCS feature from where we enabled it from Administration menu.

How can i generate a TDS report in BUSY?

To generate TDS reports in BUSY, you need to follow these steps:
Step 1: Go to display menu then select TDS reports option.
Step 2: Here, select the report from the available options such as form 26Q, TDS deduction details, etc as per the requirements.
Step 3: After selecting the report enter the period and can view the report.

Frequently AskedQuestions