Frequently Asked Questions

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.

You can generate the TDS challan from the below option.
 Step 1: Click on Print/Email/Sms
 Step 2: Then TDS/TCS reports
 Step 3: Then Bank challan
 Step 4: Select the TDS and can preview then print it

You can generate the Form 16 for employee from below steps.
 Step 1: Click on Print/Email/Sms
 Step 2: Then TDS/TCS reports
 Step 3: Then Form 16
 From here can generate the report and can print it.

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.

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.

To reconcile the TDS deduction with the supplier can check the below report.
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TDS Deduction details or Purchase eligible for TDS

If the TDS is not visible in the tab then make sure that you have properly created the TDS reference in the voucher. Aas without TDS reference it will not show in the TDS report.

If default TDS bill sundry is not calculating the value as per your requirement then either you can modify the default bill sundry or you can create the new bill sundry as per your needs.

To apply the correct 2% TDS rate for a domestic company in a journal voucher, select the domestic company category and enter the applicable TDS rate. It is fixed at 2% for all domestic companies.

When you resave the voucher then TDS window get open, from there can see the TDS deduction which has been made automatically when your limit has crossed. Also can see the in the TDS report.