Frequently Asked
Questions

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

FAQs

Why does the software calculate TDS for only one expense when two expenses with different TDS categories are present in the same voucher?

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.

I want to calculate TDS separately for two expenses that fall under different TDS categories in a single voucher. What should I do?

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.

How do I record a transaction where a client has deducted TDS, and how do I record the TDS deduction in BUSY?

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.

I am unable to calculate TDS separately for two different expense categories in the same voucher. How can I resolve this?

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.

Even after enabling TDS in Features and Options, I cannot see the TDS report in BUSY. What could be the reason, and how can I resolve this?

If TDS report is not showing in the display menu after enabling the feature.
 Pls follow the below steps :
 Step 1: Make sure to open the company from the super user. As if you open the company from the sub user and you dont have given rights to view the report.

Why is the TDS report not showing up on my display even after enabling TDS in Features and Options in BUSY?

If TDS report is not showing in the display menu after enabling the feature.
 Pls follow the below steps :
 Step 1: Make sure to open the company from the super user. As if you open the company from the sub user and you dont have given rights to view the report.

I want to adjust TDS that has already been deducted. How can I do this if the reference is not created?

You can adjust the TDS which is already deducted after creating the TDS reference in that voucher and then adjust that reference during TDS payment voucher. If you not create the reference then TDS data will show in the TDS report and not be able to generate the TDS ereturn from BUSY

Why am I unable to view the TDS report even after enabling it in Features and Options in BUSY?

If TDS report is not showing in the display menu after enabling the feature.
 Pls follow the below steps :
 Step 1: Make sure to open the company from the super user. As if you open the company from the sub user and you dont have given rights to view the report.

I made a credit note with TCS but it is not showing properly in BUSY. What should I do?

To resolve the issue of TCS that is not showing properly in BUSY after making a credit note, you can check if the TCS has been applied properly on invoices and credit note.Check bull sundry master and check options therein with Account tag in bill sundry if Credit note is with Item.

Could you guide me on adding a new TDS category in BUSY? The current process is causing issues.

Pls follow the below steps for creating the TDS Category :
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then TDS Category
 Step 4: Then Add the TDS Category, then tax rate for the payee category in the tds with PAN and TDS without PAN column and save it.