Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
I am trying to add TCS to a purchase invoice, but it is getting subtracted instead of added. How can I ensure TCS gets added properly in BUSY?
If you want to add the TCS bill sundry of addictive nature then follow the below steps.
Step 1: Click on Administration
Step 2: Then Masters
Step 3: Then Bill Sundry
Step 4: Then Modify
Open the TCS bill sundry and mention the Bill Sundry type as Addictive.
I want to print TDS on contractors and TDS on purchase of goods separately. How can I generate separate reports for C and Q TDS?
You can print both the TDS category seperately by selecting one by one category data in the TDS report from below steps.
Step 1: Click on Display
Step 2: Then TDS/TCS reports
Step 3: Then TDS deduction details
Step 4: Select the tds category and check it
The TDS amount is getting rounded off, but I need the exact TDS amount without rounding in BUSY. How should I achieve this?
If the TDS amount is dont wany to round off then follow the below steps.
Step 1: In the TDS bill sundry, Check the round off setting and disable it.
Step 2: Check the round off configuration in TDS/TCS feature from where we enabled it from Administration menu.
How can I record transactions where the vendor has not provided a GST number, and I need to comply with TDS requirements?
To record transactions without a vendor GST number for TDS compliance in BUSY, you can create a separate ledger account for such transactions and record them accordingly. However, it is important to ensure that the TDS rates are applied correctly based on the type of transaction and vendor.
I am unable to upload Form C on the government portal from BUSY. What should I do?
The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.
If I encounter a TDS/TCS related issue, how can I get help or support from BUSY?
You can also get help through the Videos & Document.
Pls Follow the below Steps:
Step 1: Click on Help menu
Step 2: Then go through the Training and Help Videos
If you press the shortcut key F1 for User Manual and check videos with each feature.
Why am I not able to see certain forms like C in BUSY?
The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.
Why is the C form not available in the standard reports of BUSY?
The 27C form is not available in the standard reports of BUSY. It is currently not possible to generate or access the 27C form within the software. However, you can provide feedback to BUSY regarding this issue and request the addition of the 27C form in future updates.