Frequently Asked Questions

To correct the round-off difference in the voucher amount after removing TDS, you can manually adjust the amount in the voucher. In BUSY, you can edit the voucher and modify the amount to match the desired value.

When you do the TDS payment, Then in the journal voucher you have to DEBIT the tds acccount and CREDIT the bank account. Adjust the tds reference which you have created in while booking the TDS entry.

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

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

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.

Yes, you can include the TDS expense previous deduction charges in the current voucher of vendor. During the payment voucher, When the tds reference window get open then tick on option include previous references also .

If you record the sample purchase for different account as sub ledger but with same GSTIN and PAN then tds will get deduct according to threshold TDS limit get crossed for main ledger or sub ledger.

You can confirm for your BUSY latest version from below steps :
 Step 1: Click on Company
 Step 2: Then check BUSY update 
 From here can check the latest BUSY release and can update it.

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.

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.