Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
How can I get a detailed breakup of TDS deductions for each purchase invoice in the system?
To get a detailed breakup of tDS deduction then you need to check the below TDS report.
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then Form 26Q Annexure details
Here select the category and then apply filter on party to view the report.
I want to create a TDS category in BUSY. How can I do this?
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.
Can you provide a step-by-step process for creating a new TDS category in BUSY?
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.
Where is the option to add a new TDS category located in BUSY?
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.
Where can I find the configuration settings for TCS deduction in BUSY?
You can find the TCS feature from 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.
How do I file the TDS/TCS return generated from BUSY?
You can file the TDS/TCS return from the below steps.
Step 1: Click on Print/Email/SMS
Step 2: Then TDS/TCS report
Step 3: Then e TDS return non salary
Step 4: Then specify the tds ereturn path for generating the file or can generate it in default location BUSYwin folder.
What are the steps to configure TDS/TCS deduction in BUSY?
You can configure the TDS/TCS feature from 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.
Why is job work not applicable for TDS?
Further, no TDS on job work charges shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000. Personal Purpose: Where consideration paid by an individual or HUF is on account of personal purpose, no TDS is to be deducted on such consideration.
How can I enable TCS in BUSY?
You can enable the TCS feature from 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.
How can I enable the TCS applicable option if it is disabled in BUSY?
You can enable the TCS 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 TCS Reporting
Step 6: Go to the Masters
Step 7: Then you will get the TCS Category option