Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs data feeding and report
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.
I am unable to generate TDS challans for the TDS deducted through BUSY. What should I do?
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
I want to generate Form for employees from BUSY. How can I generate Form ?
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.
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.
My TDS certificate is not generating automatically in BUSY. How can I fix this?
You can fix this issue by checking if the TDS return has been filed and verified, and if the certificate generation date is correct. You can also try updating the software to the latest version.
Why can't I generate Form or Form A using BUSY?
You can generate the form 16A and form 16 TDS certificate from BUSY from below steps.
Step 1: Click on print/email/sms menu
Step 2: Then TDS/TCS reports
Step 3: Then form 16A or form 16
How do I reconcile TDS/TCS reports with actual deductions?
You can reconcile the TDS TCS deduction details from below reports :
Step 1: Click on display menu
Step 2: Then TDS/TCS reports
Step 3: Then TDS Audit report and reconcile accounts and TCS report.
I am trying to reconcile TDS deductions shown in supplier ledgers with deductions made in purchase vouchers. What is the best way to do this in BUSY?
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
The TDS amount is getting deducted, but it is not visible in the TDS tab. How can I get the TDS tab to display the deduction?
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.