Frequently Asked Questions

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.

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

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.

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.

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.

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.

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.

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.

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.

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.