Frequently Asked Questions

You can print the date range wise TDS report from below steps.
 Step 1: Click on Display
 Step 2: Then TDS/TCS reports
 Step 3: Then TDS deduction details
 Step 4: Then open with all TDS category
 Step 5: Select the date range and can print it.

You can find summary view and print print the date range wise TDS report from below steps.
Step 1: Click on Display
Step 2: Then TDS/TCS reports
Step 3: Then TDS deduction details
Step 4: Then open with all TDS category
Step 5: Select the date range and can print it.

You can find summary view and print print the date range wise TDS report from below steps.
Step 1: Click on Display
Step 2: Then TDS/TCS reports
Step 3: Then TDS deduction details
Step 4: Then open with all TDS category
Step 5: Select the date range and can print it.

You can open the voucher in the modify mode then can click on cancel or delete option from below steps.
 Step 1: Click on Transactions
 Step 2: Then required voucher type
 Step 3: Then Modify
 Step 4: Then can click on cancel or delete option.

NO. TDS reference can be selected only once for depositing TDS to the Government in the payment voucher.
Steps 1- Transaction→Payment then select TDS ledger for debit account then select the TDS references which you have deducted in purchase/payment voucher and select credit ledger as bank/cash.

To check the TCS report in BUSY then follow the below steps.
Step 1: Click on Display and Then TDS/TCS Reports
Step 2: Then check in TCS collection details,Here you can see the report all category or references wise by entering the date range and see it.

To resolve the issue of TDS not applicable in the voucher, then follow the below steps.
 Step 1: Make sure you have select the correct TDS account in the TDS bill sundry.
 Step 2: Make sure that the TDS should enable in the party master.

The TDS at the rate of 1% will be applicable on resident Indians and Domestic Companies as per the party PAN number.
 You have to mention the PAN number in the party master then TDS will get deduct as per payee categoy in TDS category

Pls follow the below steps for enabling TDS in BUSY.
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Enable the TDS/TCS option
 Step 5: Mention the warning for TDS as per your requirement in the bottom.

TDS is deducted as per the Income Tax Act,Here's a general guide on how TDS is calculated:
Step 1: Determine the category of the payment (e.g., professional fees, rent, etc.).
Step 2: Multiply the payment amount by the applicable TDS rate. The formula is:
TDS Amount=(TDS Rate/100)×Payment Amount.