Frequently Asked Questions

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

BUSY FAQ subcategory answers and support

Support

Step-by-step Answers

I want to view my TDS reports, but cannot find them. Where can I access the TDS reports in BUSY? 

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.

The TDS amount was deducted, but I can't see it reflected anywhere. Where can I find the TDS deduction details? 

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 do I view a report in BUSY that displays the total TCS deducted from my vendors each month? 

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.

How can I check the total TDS amount deducted against a particular party/expense head during a time period? 

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.

Where can I find the TCS exemption related configuration settings in the software to disable auto TCS deduction? 

There is no TCS exemption related configuration setting in the software.If you want to stop the auto applying the TCS deduction in the voucher then ignore the TCS deduction popup which shows during the voucher entry asking for apply the TCS.

Why am I unable to view reports like TDS and GST in BUSY even after enabling the features? 

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 want to pass purchase returns in TDS deductions. What is the right way to do this? 

You can enter the purchase return voucher from below details.
 Step 1: Click on Transactions
 Step 2: Then Purchase Return
 Step 3: Then Add
 When you save the voucher then TDS reversal window will get open to reverse the TDS reference.

Why am I unable to see the option to enter purchase returns details for TDS calculations? 

You can enter the purchase return voucher from below details.
 Step 1: Click on Transactions
 Step 2: Then Purchase Return
 Step 3: Then Add
 When you save the voucher then TDS reversal window will get open to reverse the TDS reference.

How do I correctly account for purchase returns when calculating TDS deductions in the system? 

You can enter the purchase return voucher from below details.
 Step 1: Click on Transactions
 Step 2: Then Purchase Return
 Step 3: Then Add
 When you save the voucher then TDS reversal window will get open to reverse the TDS reference.

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.
Trusted by Industry Leaders

Ready to scale your business?

Join 6,00,000+ growing businesses who trust Busy for their financial management. Experience the power of professional accounting in the palm of your hand.

Start Free Trial
No Credit Card Required