Frequently Asked
Questions

Q: How can I reconcile my books later if I have to create separate vouchers for expenses falling under different TDS categories that are present on the same invoice?

For reconcile the books, you can check the TDS reports which will show as per the TDS references created and adjusted in the voucher. Pls follow the below steps : Step 1: Click on Display Step 2: Then TDS/TCS reports Step 3: Then TDS deduction details Step 4: Select the tds category and check it

Q: Why are my TDS deductions made on expenses not appearing in the TDS deduction details report? How can I fix this?

When your TDS deduction on expense not appearing in the tds report.Make sure you have pass the correct tds entry either through Journal voucher. Step 1: Mention the TDS category in the expense account Step 2: Book the TDS expense entry through journal voucher. DEBIT the expense account and CREDIT the party account and TDS account.

Q: How can I adjust TDS credit for a particular party when I have changed their vendor type from Transporter to Contract?

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: I want to check if there are any transactions in TDS for the month of June. How can I do this?

You can check the TDS transaction in the TDS reports which will show as per the TDS references created and adjusted in the voucher. Pls follow the below steps : Step 1: Click on Display Step 2: Then TDS/TCS reports Step 3: Then TDS deduction details Step 4: Select the tds category and check it

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.

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How can I reconcile my books later if I have to create separate vouchers for expenses falling under different TDS categories that are present on the same invoice?

For reconcile the books, you can check the TDS reports which will show as per the TDS references created and adjusted in the voucher.
 Pls follow the below steps :
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS deduction details 
 Step 4: Select the tds category and check it

Why are my TDS deductions made on expenses not appearing in the TDS deduction details report? How can I fix this?

When your TDS deduction on expense not appearing in the tds report.Make sure you have pass the correct tds entry either through Journal voucher.
 Step 1: Mention the TDS category in the expense account
 Step 2: Book the TDS expense entry through journal voucher. DEBIT the expense account and CREDIT the party account and TDS account.

How can I adjust TDS credit for a particular party when I have changed their vendor type from Transporter to Contract?

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.

I want to check if there are any transactions in TDS for the month of June. How can I do this?

You can check the TDS transaction in the TDS reports which will show as per the TDS references created and adjusted in the voucher.
 Pls follow the below steps :
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS deduction details 
 Step 4: Select the tds category and check it

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.

Frequently AskedQuestions