Frequently Asked
Questions

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

FAQs

I want to show TDS deducted by the customer on their payment to me. What is the process for this in BUSY?

If your customer has deducted the TDS, then you have to pass the journal voucher for the TDS entry.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add

Why is the accounting software still applying the old default TDS bill entry even after I created a new one?

In BUSY, the default TDS bill sundry auto pick from F4. If you created the new TDS bill sundry then manually you have to add it in the voucher. As new TDS bill sundry never get auto pick.

I am not able to see the TDS adjustment window in purchase vouchers. What should I do to enable this?

In the purchase voucher, The TDS reference creation window shows and the TDS adjusment window will show in the payment voucher. In the payment voucher you have to adjust the reference which was created in the purchase voucher.

I am unable to generate a consolidated TDS report in BUSY. How can I generate a consolidated TDS report?

You can view the consolidate 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 all the TDS category and view the report.

What are the different types of incomes I can record in BUSY? How do I categorize commission income specifically?

In BUSY, you can record different types of incomes such as salary, commission, rental income, etc. To categorize commission income specifically, you can create a separate account for commission income and select that account while recording the transaction.

I want to enable TDS in BUSY but I'm unable to find the option. Where can I enable TDS?

You can enable the TDS feaure from the below steps :
 Step 1: Click on Administration
 Step 2: Then Configuration
 Step 3: Then Features and Options
 Step 4: Then the TDS/TCS option
 Step 5: Enable the TDS option

How should I record a payment where TDS has already been deducted by the payer outside of BUSY?

If your customer has deducted the TDS, then you have to pass the journal voucher for the TDS entry.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add

How do I adjust multiple previous TDS deductions in the current payment voucher in BUSY?

To adjust multiple previous TDS dedustions in the current payment voucher in BUSY you need 
 to select the previous tds deduction quarter on tds reference adjustment box then all the 
 previous references will show for adjust

How do I account for TDS deduction by a customer on their payment to me?

If your customer has deducted the TDS, then you have to pass the journal voucher for the TDS entry.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add

How can I adjust TDS that has been deducted by my customer in BUSY?

If your customer has deducted the TDS, then you have to pass the journal voucher for the TDS entry.
 Pls follow the below steps :
 Step 1: Click on Transactions
 Step 2: Then Journal
 Step 3: Then Add