Frequently Asked
Questions

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.

Q: How can I validate if a particular TDS category is configured correctly in BUSY?

You can validate the TDS categories from the below steps : Step 1: Click on administration Step 2: Then Masters Step 3: Then TDS Category Step 4: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.

Q: How can I reconcile TDS and TCS payments with government records in the software?

In BUSY, you can manually reconcile the TDS and TCS deduction details according to the transactions has been entered with the government record. Pls follow the below steps for reconcile in BUSY: Step 1: Click on display menu Step 2: Then TDS/TCS reports Step 3: Then TDS deduction details non salary and TCS collection details

Q: I am unable to see the TDS deduction details in one of my companies even though it is visible in another company. How can I resolve this?

If you are not able to see the TDS deduction details in one company, then TDS feature is disabled. You have to enable the TDS feature 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 TDS Reporting

Q: I didn't apply TDS to invoices for a vendor previously, and now it's not computing when I try to. How can I address this?

If you want to now apply the TDS for the vendors then follow the below steps. Step 1: Make sure that the TDS feature should be enable from the features and option under administration menu. Step 2: Make sure that the TDS should be enable in the party master and mention the TDS applicability limit.

Q: I'm trying to add TDS percentage in BUSY, but it defaults to %. How can I change this to the correct percentage?

You can add the TDS percentage in the bill sundry from below steps. Pls Follow 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 and mention the TDS rate in the default value and save it.

Q: The TDS and TCS report options are not visible in my BUSY. How can I enable these reports?

You can enable the TDS and TCS feature from the below steps. Step 1: Click on Administration Step 2: Then Configuration Step 3: Then Features and Options Step 4: Then click on TDS/TCS Step 5: Enable the TDS/TCS option Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.

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

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.

How can I validate if a particular TDS category is configured correctly in BUSY?

You can validate the TDS categories from the below steps :
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then TDS Category
 Step 4: Select the TDS Category, then open and change the tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.

How can I reconcile TDS and TCS payments with government records in the software?

In BUSY, you can manually reconcile the TDS and TCS deduction details according to the transactions has been entered with the government record.
 Pls follow the below steps for reconcile in BUSY:
 Step 1: Click on display menu
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS deduction details non salary and TCS collection details

I am unable to see the TDS deduction details in one of my companies even though it is visible in another company. How can I resolve this?

If you are not able to see the TDS deduction details in one company, then TDS feature is disabled. You have to enable the TDS feature 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 TDS Reporting

I didn't apply TDS to invoices for a vendor previously, and now it's not computing when I try to. How can I address this?

If you want to now apply the TDS for the vendors then follow the below steps.
 Step 1: Make sure that the TDS feature should be enable from the features and option under administration menu.
 Step 2: Make sure that the TDS should be enable in the party master and mention the TDS applicability limit.

I'm trying to add TDS percentage in BUSY, but it defaults to %. How can I change this to the correct percentage?

You can add the TDS percentage in the bill sundry from below steps.
 Pls Follow 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 and mention the TDS rate in the default value and save it.

The TDS and TCS report options are not visible in my BUSY. How can I enable these reports?

You can enable the TDS and TCS feature from the below steps.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then click on TDS/TCS
 Step 5: Enable the TDS/TCS option
 Step 6: Mention the warning for TDS and TCS as per your requirement in the bottom.

Frequently AskedQuestions