Frequently Asked Questions

If you want to unlink the TDS with the voucher, Then open the voucher in modify mode and press F9 shortcut key to remove the tds bill sundry from the voucher and save it.

If this difference in amount error showing while saving the TDS voucher then make sure that the TDS bill sundry amount and TDS amount which showing in the TDS reference window should be same.

There is no such seperate tool for reconciling the TDS and TCS amount with the government portal.In BUSY, You can check the TDS and TCS report then manually reconcile it with the goverment portal.

To rectify the incorrect or wrong TDS entries in the previous financial year.
 Pls follow the below steps :
 Step 1: Open the voucher and mention the correct tds category for the TDS reference.

taking lots of time to open TDS report then maybe your data was to heavy or there is issue in TDS reporting then you need to share your data for checking on support mail.

When you add the TDS payment then you need to select the TDS category while saving the voucher then TDS popup window will show after that select the TDS reference and adjust it.

BUSY applies TDS/TCS based on the rate specified in the TDS category and whether the party has a PAN or not. It also checks if the transaction meets the criteria for TDS/TCS deduction.

To update the TCS exemption threshold status,There is no such seperate option.You need to mention the reason after enabling the lower rate applicable option in the TCS reference window while saving the voucher.

Make sure you should have user rights to modify the voucher. You can change it either by opening the company from the super user or can give modification rights to the sub user.

You can check the TCS amount paid or payable in the TCS report from below steps.
 Step 1: Click on Display menu
 Step 2: Then TDS/TCS Reports
 Step 3: Then TCS Collection details