Frequently Asked
Questions

Q: I'm getting an error of difference in amount for TDS when saving a voucher with TDS/TCS deduction in BUSY. What should I do?

If you get the TDS error for difference in the amount while saving the voucher,then make sure that the TDS percentage which applied in the bill sundry should be same as in the TDS reference creation window.

Q: How are TDS refunds handled in the accounting system? I received a refund but don't know how to account for it.

To account for TDS refund in the accounting system, you need to create a refund account and record the refund amount in it. This will help you keep track of the refunded amount separately from other transactions.

Q: What is the process to enter collection codes like R, E, C in BUSY?

The collection Code stands for in BUSY Collection Code R : R Stands for Sales of Goods Collection Code E : E stands for Sale of scrap Collection Code C : C is the TCS Section code

Q: What do the collection codes R, E, C stand for in BUSY?

The collection Code stands for in BUSY Collection Code R : R Stands for Sales of Goods Collection Code E : E stands for Sale of scrap Collection Code C : C is the TCS Section code

Q: How can I check my Tcs detail in BUSY?

For check Tcs Report by follow the below steps: Step 1: Go to display then go to Tds/tcs reports Step 2: In Tds/tcs Report go to tcs collection detail Step 3: Choose all category and all references and open Report.

Q: How do I manually show TDS deduction on a bill in BUSY?

To manually show TDS deduction on a bill in BUSY, you can create a Bills Sundry named "TDS Payable" and enter the TDS amount being deducted on purchase bills from parties whose turnover exceeds the limits.

Q: How do I enable the TDS feature in the software?

To enable the TDS feature in BUSY, you need to go to the Administration section, then navigate to Configuration > Features & Options. From there, you can enable the TDS feature by ticking the TDS option.

Q: The TDS Deduction Details report is showing TDS deductions voucher-wise. How can I modify the report to view deductions party-wise?

You can view the TDS deduction report party wise by applying the filter on party from below steps : Step 1: Click on Display menu Step 2: Then TDS/TCS Reports Step 3: Then TDS Deduction details.

Q: How can I configure BUSY to apply the % TCS by default for parties with a turnover above lakhs?

You have to mention the PAN number in the party master then will deduct the TCS of 1 percent. As if we do not mention the PAN number then will get charge by 5 percent rate.

Q: How do I configure BUSY to automatically apply .% TCS when sales exceed Rs. lakhs for any client?

When you mention the PAN number in the party master then the automatically charge TCS 0.1 percent in the voucher.As if we do not mention the PAN number then will get charge by 5 percent rate.

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

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License Management/Softlock/Hardlock

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Dealer Complaint/Issues

I'm getting an error of difference in amount for TDS when saving a voucher with TDS/TCS deduction in BUSY. What should I do?

If you get the TDS error for difference in the amount while saving the voucher,then make sure that the TDS percentage which applied in the bill sundry should be same as in the TDS reference creation window.

How are TDS refunds handled in the accounting system? I received a refund but don't know how to account for it.

To account for TDS refund in the accounting system, you need to create a refund account and record the refund amount in it. This will help you keep track of the refunded amount separately from other transactions.

What is the process to enter collection codes like R, E, C in BUSY?

The collection Code stands for in BUSY 
Collection Code R : R Stands for Sales of Goods 
Collection Code E : E stands for Sale of scrap 
Collection Code C : C is the TCS Section code

What do the collection codes R, E, C stand for in BUSY?

The collection Code stands for in BUSY 
Collection Code R : R Stands for Sales of Goods 
Collection Code E : E stands for Sale of scrap 
Collection Code C : C is the TCS Section code

How can I check my Tcs detail in BUSY?

For check Tcs Report by follow the below steps:
Step 1: Go to display then go to Tds/tcs reports
Step 2: In Tds/tcs Report go to tcs collection detail
Step 3: Choose all category and all references and open Report.

How do I manually show TDS deduction on a bill in BUSY?

To manually show TDS deduction on a bill in BUSY, you can create a Bills Sundry named "TDS Payable" and enter the TDS amount being deducted on purchase bills from parties whose turnover exceeds the limits.

How do I enable the TDS feature in the software?

To enable the TDS feature in BUSY, you need to go to the Administration section, then navigate to Configuration > Features & Options. From there, you can enable the TDS feature by ticking the TDS option.

The TDS Deduction Details report is showing TDS deductions voucher-wise. How can I modify the report to view deductions party-wise?

You can view the TDS deduction report party wise by applying the filter on party from below steps :
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details.

How can I configure BUSY to apply the % TCS by default for parties with a turnover above lakhs?

You have to mention the PAN number in the party master then will deduct the TCS of 1 percent. As if we do not mention the PAN number then will get charge by 5 percent rate.

How do I configure BUSY to automatically apply .% TCS when sales exceed Rs. lakhs for any client?

When you mention the PAN number in the party master then the automatically charge TCS 0.1 percent in the voucher.As if we do not mention the PAN number then will get charge by 5 percent rate.

Frequently AskedQuestions