Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.
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Step-by-step Answers
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
If you dont want to consider the last year TCS value then can disable the option from below steps.
Step 1: Click on Administration
Step 2: Then Configuration
Step 3: Then Features and Options
Step 4: Then the TDS/TCS option
Step 5: Disable the option check previous year data for TCS u/s 194Q.
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
You can check the TDS entries in the TDS reports from below steps.
Pls follow the below steps :
Step 1: Click on Display
Step 2: Then TDS/TCS reports
Step 3: Then TDS deduction details
Step 4: Open the tds category and in the bottom can check the total number of entries.
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
If the client has deducted the TDS then you need to record the journal entry without creating any TDS reference.
Pls follow the below steps.
Step 1: Click on Transactions
Step 2: Then Journal
Step 3: Then Add
Step 4: DEBIT the account which created as expense account and CREDIT the party account.
The software calculate the TDS for only one expense as per the govt. norms.You can charge the TDS on expense only for same TDS category.The TDS reference get create only for single expense and accordinly will show in the TDS reports.For different TDS category have to pass the different voucher for the expense.
You can disable the TDS feature in BUSY 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 as per your requirement in the bottom.
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