Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
I want to save a voucher without auto TCS but the software does not give me any option to bypass it. What should I do?
If you want to save the voucher without TCS then either disable the option in the party master if its not required or can select the No option in the TCS auto applying window which comes while saving the voucher entry.
I want to view a breakup of how TDS is calculated in BUSY. How can I see the TDS breakup for a particular income entry?
You can view the TDS report from below steps :
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then TDS Deduction details
Here select the category and then apply filter on party to view the report.
How can I save a voucher in the software without triggering the auto-TCS deduction even though my company turnover now exceeds the threshold?
If you want to save the voucher without TCS then either disable the option in the party master if its not required or can select the No option in the TCS auto applying window which comes while saving the voucher entry.
I want to file TDS/TCS returns but the details are missing in BUSY. How can I get the TDS/TCS amounts for filing returns?
You will get the TDS and TCS amount if you have properly created the references and adjusted with the correct details. Then details will show in the TDS and TCS report and after that can generate the ereturn file from BUSY.
I made a direct save of a TDS table entry but it's showing up under the wrong section. How can I fix this?
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.
Why am I unable to generate a summary report in BUSY that shows TCS deductions vendor-wise? It only displays the total TCS deducted.
You can view the TCS report from below steps :
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then TCS Collection details
Here select the category and then apply filter on party to view the report.
I want to view TCS reports with breakups for each month/year. Why is the software not showing TCS entries when I try this?
You can view the TCS report from below steps :
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then TCS Collection details
Here select the category and then apply filter on party to view the report.
I am unable to save a voucher without the software automatically applying TCS deduction. How can I disable the auto TCS deduction?
If you want to save the voucher without TCS then either disable the option in the party master if its not required or can select the No option in the TCS auto applying window which comes while saving the voucher entry.
What are the different TDS reports available in BUSY and how can I view them? I want to analyze TDS deductions made.
You can view the TDS report from below steps :
Step 1: Click on Display menu
Step 2: Then TDS/TCS Reports
Step 3: Then TDS Deduction details
Here select the category and then apply filter on party to view the report.
I am unable to add TDS references for expense voucher entries like payment to contractors. It says 'TDS not applicable'. Why is this happening?
If you are not able to add the TDS reference for expense voucher entries then make sure that the TDS is enable in the expense account and threshold limit should get crossed according to the TDS category of expense account.