Frequently Asked
Questions
Find Solutions to Common Issues Related to taxation - tds tcs e return
I'm unsure whether I should file TCS or TDS. How can I determine which tax document is required for my situation?
Determining whether you should file TCS (Tax Collected at Source) or TDS (Tax Deducted at Source) is about understanding your role, below points will help you to determine your role.
Scenario 1 : For TDS (Tax Deducted at Source):
Point Number 1 : You Deduct Tax: If you pay money...
What options are available in BUSY to view and manage TDS data and returns?
In BUSY, there are many options available to view and manage TDS data and returns. You can generate TDS returns such as Form 26Q by printing them. These files are automatically saved in the BUSYWin folder. You can then upload these files to the government portal for filing TDS returns....
How do I generate, download, and file TDS returns in BUSY?
In BUSY, there are many options available to view and manage TDS data and returns. You can generate TDS returns such as Form 26Q by printing them. These files are automatically saved in the BUSYWin folder. You can then upload these files to the government portal for filing TDS returns....
We deducted TDS on freight payments also. How can I file the TDS return including freight TDS deductions in BUSY?
We can generate file for TDS return including freights TDS deductions under TDS Category of Contracts to Transporter for Freights TDS deductions & generate for TDS Return file. kindly follow the following Steps:
Step 1: Go to the Administration Menu and click on Masters option
Step 2: click on Account...
How can I generate and download TDS returns in BUSY?
To generate and download TDS returns in BUSY, you can follow these steps:
1. Enable the TDS feature in BUSY.
2. Configure the TDS rates and thresholds.
3. Record TDS deductions and generate TDS challans.
4. File quarterly TDS returns using the software.
5. Generate TDS reports and certificates for...
I am getting an error while generating TDS return file in BUSY. How can I resolve this?
If you are unable to generate the TDS return file in BUSY. It shows error E-TDS return filename is blank,please note that this issue started with BUSY 21 Release 9.0. However, it has now been rectified in the latest version.
Then follow these simple steps:
Step 1: Before proceeding, it's...
The conversion factor is showing an error in the TDS return file generated through BUSY. What should I do?
If you are unable to generate the TDS return file in BUSY. It shows error E-TDS return filename is blank,please note that this issue started with BUSY 21 Release 9.0. However, it has now been rectified in the latest version.
Then follow these simple steps:
Step 1: Before proceeding, it's...
Why has the TDS return generation suddenly stopped working in the latest version of BUSY? It was working fine earlier. How to troubleshoot this?
If your TDS Return was working well in an older version but stopped working in the latest one, follow these steps to identify and potentially fix the problem:
Step 1: Make sure your BUSY software is up to date. Check the product release and statutory updates to see if any...
The due date for TDS payment is approaching but I am unable to generate the return file in BUSY due to some error. How can I resolve this urgently?
If you're having trouble creating a TDS return file in BUSY due to an error, you can fix it by following these steps:
Step 1: Open TDS/TCS reports, select the Audit report option, and double-click on the entry. If needed, make any necessary changes in the transaction.
Step 2: Ensure...
I'm experiencing an issue with the software generating quarterly TCS returns. How can I file these returns on time, given the error?
If your TCS Return was working well in an older version but stopped working in the latest one, follow these steps to identify and potentially fix the problem:
Step 1: Make sure your BUSY software is up to date. Check the product release and statutory updates to see if any...
