Frequently Asked Questions

Q: I am unable to see the TDS deductions details for a specific party in the invoice summary. How can I view TDS deductions for each party separately?

You can view the TDS deduction report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details Step 4: Select the category and One deductee for one party to view the report.

Q: I made a TDS payment entry in the wrong configuration. How can I correct the entry so that it reflects properly in TDS reports?

If you made the wrong TDS payment entry then can correct it from below steps. Step 1: You have to open the voucher in the modify mode Step 2: Then correct the TDS category in the TDS references window and adjust it properly.

Q: I made TDS deductions on purchases from multiple parties. How can I get a report showing TDS deductions made for each party separately?

You can view the TDS deduction report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details Step 4: Select the category and One deductee for one party to view the report.

Q: How can I link a TDS receipt with the original invoice in BUSY when TDS is deposited separately by the customer later?

You can link the TDS receipt with the original invoice with the TDS references. You have to create the reference in the original invoice and when you pass the TDS payment entry then have to adjust the TDS reference with the bank details.

Q: I want to print a statement showing TDS deductions made against a particular party. How can I generate this?

You can print the TDS deduction report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details Step 4: Select the category and One deductee for one party to view the report.

Q: My supplier's turnover exceeds Rs. crores. How can I show TDS deduction on my purchase bills from them?

To show TDS deduction on your purchase bills from a supplier whose turnover exceeds Rs. 10 crores, you can create a Bills Sundry named "TDS Payable" in BUSY. This will allow you to manually display the TDS amount being deducted on the bills.

Q: What are the steps to add a new party in BUSY when their billing has exceeded lakhs?

In BUSY, You can create the party from below steps. Step 1: Click on Administration Step 2: Then Masters Step 3: Then Account Step 4: Then Add Here mention the party details and enable the TDS or TCS option and set the applicability.

Q: How can I print an invoice summary showing TDS deductions for a specific party or customer?

You can print the TDS deduction report from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details Step 4: Select the category and One deductee for one party to view the report.

Q: I made purchases from the same company under two separate accounts. One account is for regular purchases, and the other is for sample purchases. Will TDS deduction be calculated separately for the two accounts or collectively based on total purchases?

Yes, The TDS will calculate based on the total purchase in the voucher if the seperate account created as sub ledger and mention the PAN number of the same company but the tds value will show as per the main company account.

Solutions to common issues related to Taxation — Tds Tcs Data Feeding And Report.

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Step-by-step Answers

I am unable to see the TDS deductions details for a specific party in the invoice summary. How can I view TDS deductions for each party separately?

You can view the TDS deduction report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Step 4: Select the category and One deductee for one party to view the report.

The TDS amount is not getting reflected in the updated balances after I make the entry. What could be the reason, and how to resolve it?

The TDS amount is not getting reflected in the updated balances then pls follow the below steps.
 Step 1: Resave that tds voucher for updating the balances.
 Step 2: Remove and re enter in TDS bill sundry in the voucher and then check.

I made a TDS payment entry in the wrong configuration. How can I correct the entry so that it reflects properly in TDS reports?

If you made the wrong TDS payment entry then can correct it from below steps.
 Step 1: You have to open the voucher in the modify mode
 Step 2: Then correct the TDS category in the TDS references window and adjust it properly.

I made TDS deductions on purchases from multiple parties. How can I get a report showing TDS deductions made for each party separately?

You can view the TDS deduction report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Step 4: Select the category and One deductee for one party to view the report.

How can I link a TDS receipt with the original invoice in BUSY when TDS is deposited separately by the customer later?

You can link the TDS receipt with the original invoice with the TDS references. You have to create the reference in the original invoice and when you pass the TDS payment entry then have to adjust the TDS reference with the bank details.

I want to print a statement showing TDS deductions made against a particular party. How can I generate this?

You can print the TDS deduction report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Step 4: Select the category and One deductee for one party to view the report.

My supplier's turnover exceeds Rs. crores. How can I show TDS deduction on my purchase bills from them?

To show TDS deduction on your purchase bills from a supplier whose turnover exceeds Rs. 10 crores, you can create a Bills Sundry named "TDS Payable" in BUSY. This will allow you to manually display the TDS amount being deducted on the bills.

What are the steps to add a new party in BUSY when their billing has exceeded lakhs?

In BUSY, You can create the party from below steps.
 Step 1: Click on Administration
 Step 2: Then Masters
 Step 3: Then Account
 Step 4: Then Add
 Here mention the party details and enable the TDS or TCS option and set the applicability.

How can I print an invoice summary showing TDS deductions for a specific party or customer?

You can print the TDS deduction report from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details
 Step 4: Select the category and One deductee for one party to view the report.

I made purchases from the same company under two separate accounts. One account is for regular purchases, and the other is for sample purchases. Will TDS deduction be calculated separately for the two accounts or collectively based on total purchases?

Yes, The TDS will calculate based on the total purchase in the voucher if the seperate account created as sub ledger and mention the PAN number of the same company but the tds value will show as per the main company account.

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