Frequently Asked
Questions

Q: I want to know why TDS deduction percentage is higher for a particular party even when their PAN details are present. What should I check?

If the PAN number is available in the party master but still TDS is charging with the higher rate for one party. If the party has enabled the option that he has not filed the income tax return in the party master TDS window then it get charge higher.

Q: I need to file quarterly TDS returns for salaries paid. How can I generate the TDS returns for salaries in BUSY?

You can generate the TDS ereturn for quarterly for salaries which has paid to the employees from below steps. Step 1: Click on Print/Email/Sms Step 2: Then TDS/TCS reports Step 3: Then TDS ereturn Salary Step 4: Then TDS ereturn file will get generate default in the BUSYwin folder

Q: I'm unable to create a H TDS reference in BUSY. It keeps defaulting to Q. How can I fix this?

You can add the TDS category from 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: I am having trouble generating the EQ report in BUSY. How can I troubleshoot and resolve this issue?

You can generate the TCS 27EQ from the below steps. Step 1: Click on Display Step 2: Then TDS/TCS reports Step 3: Then Form 27EQ Here you can check the data quarter wise. In this report the data will reflect when you properly created and adjusted the TCS references.

Q: What is the TDS deducted in BUSY and how do I adjust it against returns?

TDS: Tds i.e tax deducted at source that is charged on either expense booking or at the time of purchase entry. To adjust TDS against returns, need to adjust the tds references which were created at the time of expense booking or purcahse entry in the payment voucher.

Q: How can I modify an existing TDS deduction made in BUSY? What is the process?

You have to open the TDS voucher in which you want to do the modification in BUSY. Pls follow the below steps. Step 1: Click on Transactions Step 2: Then select the required voucher type Step 3: Then Modify Do the changes as per your requirement in the TDS.

Q: What are the different places where I need to configure TCS in BUSY?

You need to configure the TCS in the below options. Step 1: Enable the TCS feature from features and options under administration menu. Step 2: The TCS feature should enable in the party master and set the applicability. Step 3: Specify the TCS account in the TCS bill sundry.

Q: How do I link the right TDS tax category to an expense account?

To link the right TDS category to an expense account then you need to update the correct TDS category from below steps. Step 1: Click on administration Step 2: Then Masters Step 3: Then account Step 4: Then Modify Select the expense account and select the correct TDS category.

Q: How can I enable the TDS reference window when creating entries in BUSY?

To enable the TDS reference window you have to follow the below steps. Step 1: You have to enable the TDS feature from features and Options Step 2: If TDS feature is enable in the party master, then the TDS reference window automatically get open while creating the entries.

Q: Why am I unable to see the TDS e-return option in BUSY?

You can view the TDS ereturn file from 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.

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

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Dealer Complaint/Issues

I want to know why TDS deduction percentage is higher for a particular party even when their PAN details are present. What should I check?

If the PAN number is available in the party master but still TDS is charging with the higher rate for one party. If the party has enabled the option that he has not filed the income tax return in the party master TDS window then it get charge higher.

I need to file quarterly TDS returns for salaries paid. How can I generate the TDS returns for salaries in BUSY?

You can generate the TDS ereturn for quarterly for salaries which has paid to the employees from below steps.
 Step 1: Click on Print/Email/Sms
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS ereturn Salary
 Step 4: Then TDS ereturn file will get generate default in the BUSYwin folder

I'm unable to create a H TDS reference in BUSY. It keeps defaulting to Q. How can I fix this?

You can add the TDS category from 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.

I am having trouble generating the EQ report in BUSY. How can I troubleshoot and resolve this issue?

You can generate the TCS 27EQ from the below steps.
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then Form 27EQ
 Here you can check the data quarter wise. In this report the data will reflect when you properly created and adjusted the TCS references.

What is the TDS deducted in BUSY and how do I adjust it against returns?

TDS: Tds i.e tax deducted at source that is charged on either expense booking or at the time of purchase entry.
 To adjust TDS against returns, need to adjust the tds references which were created at the time of expense booking or purcahse entry in the payment voucher.

How can I modify an existing TDS deduction made in BUSY? What is the process?

You have to open the TDS voucher in which you want to do the modification in BUSY.
 Pls follow the below steps.
 Step 1: Click on Transactions
 Step 2: Then select the required voucher type
 Step 3: Then Modify
 Do the changes as per your requirement in the TDS.

What are the different places where I need to configure TCS in BUSY?

You need to configure the TCS in the below options.
 Step 1: Enable the TCS feature from features and options under administration menu.
 Step 2: The TCS feature should enable in the party master and set the applicability.
 Step 3: Specify the TCS account in the TCS bill sundry.

How do I link the right TDS tax category to an expense account?

To link the right TDS category to an expense account then you need to update the correct TDS category from below steps.
 Step 1: Click on administration
 Step 2: Then Masters
 Step 3: Then account
 Step 4: Then Modify
 Select the expense account and select the correct TDS category.

How can I enable the TDS reference window when creating entries in BUSY?

To enable the TDS reference window you have to follow the below steps.
 Step 1: You have to enable the TDS feature from features and Options
 Step 2: If TDS feature is enable in the party master, then the TDS reference window automatically get open while creating the entries.

Why am I unable to see the TDS e-return option in BUSY?

You can view the TDS ereturn file from 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.

Frequently AskedQuestions