Frequently Asked Questions

You have to deduct the TDS in the purchase voucher and TCS in the sales voucher.As TDS is charge on the expenses and Gross purchase when get cross above 50 Lakh as per govt norms and TCS is charge on the Scrap and Sales turnover when get cross above 50 lakh.

Pls follow the below steps for creating the TCS account in BUSY.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Add
 Step 5: Mention the tcs account name under group duties
 Step 6: Then select the tax type as TCS and save it.

When you made changes to the TDS category but still picking old settings then follow the below steps.
 Step 1: Make sure to apply the changes in the correct TDS category master.
 Step 2: Make sure that you have selected the date from which new percentage of TDS is applicable.

You can enable TDS 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 as per your requirement in the bottom.

You can enable TDS 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 as per your requirement in the bottom.

You can view the particular transport TDS category data in the TDS report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select the transport tds category and then apply filter on party to view the report.

You can enable TDS 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 as per your requirement in the bottom.

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
 You can apply the TDS percentage as per the TDS PAN and without PAN.

You can reconcile the TDS payment references has been properly adjusted or not from the TDS reports.
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Here select all the TDS category and apply the filter on party then view the report.

The TDS Audit report may not be showing any data even though bills are deducted due to incorrect mapping of TDS categories to the transactions. It is important to ensure that the correct TDS category is used for the transactions and check TDS reference is created properly in the voucher.