Frequently Asked
Questions

Q: What is TDS ?

Tax Deducted at Source (TDS) is an indirect tax and a means to collect tax at prescribed rates from the source of income. In BUSY Software we can deduct TDS on Pymt./Purc. Of goods u/s 194Q and Payment voucher.

Q: How can I generate the TDS report in BUSY, and where can I find this report in the display?

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 view the report TDS category wise.

Q: The TDS amount is being calculated at % instead of %. How can I change the default TDS percentage?

If the TDS amount is calculated at 5 percent instead of 1 percent then you have to make sure that the PAN number should be entered in the party master for calculating the correct TDS amount in the voucher.

Q: I am experiencing a delay in generating TDS/TCS reports in BUSY. How can I speed up this process?

If the TDS/TCS report is taking time while opening then its depend on your data. If data size is heavy then will take time to get open. You increase the speed can do the reindex database process from housekeeping.

Q: I am unable to tag TDS to Capital Account. How can I show TDS deduction in Capital Account?

In BUSY, we can charge the TDS on expense and not for capital account, you can pass the journal voucher. Pls follow the below steps : Step 1: Click on Transactions Step 2: Then Journal Step 3: Then Add

Q: I am unable to remove the TDS entry from my vouchers. How can I remove the TDS amount?

To remove the TDS entry from your vouchers in BUSY, you can follow these steps: 1. Open the voucher from which you want to remove the TDS entry. 2. Locate the TDS field or section in the voucher.

Q: Why is the TDS amount not reflecting in my Capital Account even after I have tagged it?

In BUSY, we can charge the TDS on expense and not for capital account, you can pass the journal voucher. Pls follow the below steps : Step 1: Click on Transactions Step 2: Then Journal Step 3: Then Add

Q: What is the process to upload the TDS/TCS returns file generated from BUSY to the government portal?

You have to download the theTDS utility from the TDS site for generating the TDS file then specify the the file path which generated from BUSY, challan file and error file after that can upload it on TDS portal.

Q: I can't find the TDS/TCS payment option in the payment voucher. What should I do?

In the payment voucher, there is no seperate option for TDS/TCS. When the TDS and TCS feature is enable in the expense and party master then automatically TDS/TCS window will get open for adjusting the references in the voucher.

Q: I entered transporter details in the Trade Creditor voucher in BUSY, but it's not auto-populating the TDS deduction details from previous entries for that transporter. What should I do to enable automatic data retrieval?

The TDS will get apply automatically when limit get crossed in the voucher. To ensure this we have enable the TDS option in the account master and tag the correct TDS category with the applicability as per your requirement.

Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report

Taxation (GST/VAT/TDS/TCS/RCM)

Export/Import/Data Conversion

Errors (RTE/Ransome), Feedbacks and Bugs

Barcode, QR Code and Lable Printing

License Management/Softlock/Hardlock

Enquiry/Upgrade/Visit/Renewal

UMS Related Issue (Dealer Query)

Software Features

Implementation

Dealer Complaint/Issues

Enquiry/Upgrade/Visit/Renewal

Dealer Complaint/Issues

What is TDS ?

Tax Deducted at Source (TDS) is an indirect tax and a means to collect tax at prescribed rates from the source of income. 
	In BUSY Software we can deduct TDS on Pymt./Purc. Of goods u/s 194Q and Payment voucher.

How can I generate the TDS report in BUSY, and where can I find this report in the display?

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 view the report TDS category wise.

The TDS amount is being calculated at % instead of %. How can I change the default TDS percentage?

If the TDS amount is calculated at 5 percent instead of 1 percent then you have to make sure that the PAN number should be entered in the party master for calculating the correct TDS amount in the voucher.

I am experiencing a delay in generating TDS/TCS reports in BUSY. How can I speed up this process?

If the TDS/TCS report is taking time while opening then its depend on your data. If data size is heavy then will take time to get open. You increase the speed can do the reindex database process from housekeeping.

I am unable to tag TDS to Capital Account. How can I show TDS deduction in Capital Account?

In BUSY, we can charge the TDS on expense and not for capital account, you can pass the journal voucher.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add

I am unable to remove the TDS entry from my vouchers. How can I remove the TDS amount?

To remove the TDS entry from your vouchers in BUSY, you can follow these steps:
 1. Open the voucher from which you want to remove the TDS entry.
 2. Locate the TDS field or section in the voucher.

Why is the TDS amount not reflecting in my Capital Account even after I have tagged it?

In BUSY, we can charge the TDS on expense and not for capital account, you can pass the journal voucher.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add

What is the process to upload the TDS/TCS returns file generated from BUSY to the government portal?

You have to download the theTDS utility from the TDS site for generating the TDS file then specify the the file path which generated from BUSY, challan file and error file after that can upload it on TDS portal.

I can't find the TDS/TCS payment option in the payment voucher. What should I do?

In the payment voucher, there is no seperate option for TDS/TCS. When the TDS and TCS feature is enable in the expense and party master then automatically TDS/TCS window will get open for adjusting the references in the voucher.

I entered transporter details in the Trade Creditor voucher in BUSY, but it's not auto-populating the TDS deduction details from previous entries for that transporter. What should I do to enable automatic data retrieval?

The TDS will get apply automatically when limit get crossed in the voucher. To ensure this we have enable the TDS option in the account master and tag the correct TDS category with the applicability as per your requirement.

Frequently AskedQuestions