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Find Solutions to Common Issues Related to taxation - tds tcs e return

FAQs

Why is the option to directly upload TDS returns not available in BUSY? When will this feature be implemented?

To file TDS returns From BUSY, you need to follow below steps : 
Step 1:Go to the Print/Email/SMS section.
Step 2:Under TDS/TCS Reports, select eTDS Return (Non-Salary).
You'll see the eTDS file name and a default file path like C:\BUSYWin\Form26Q.txt.
You can keep this path or change it to where you want the file.
Select options like the file creation date and quarter.
Step 3:Click on Print to generate the file.
The file will be saved in your chosen destination folder.
The final file will have a name like Form26Q.txt.
Additionally, BUSY doesn't have a direct option to upload the file & To get the most accurate and up-to-date information on whether the feature for directly uploading TDS returns has been added or is planned for a future release, We recommend contacting the BUSY's customer support or visiting their official website for any announcements or updates regarding feature additions.

How to file TDS return from BUSY?

TDS return can be best described as the quarterly statement or summary of all TDS-related transactions made during the specific quarter. Typically, it comprises details of the TDS collected and deposited to the Income Tax Authority by the deductor.
To file TDS return from BUSY follow the below steps:
Step1: In TDS return, firstly we need Form 26Q data.
Form 26Q data will be only available in BUSY after the payment entry in BUSY.
Go to Transaction ->Payment/Journal Voucher
Step2: To generate TDS/TCS Return file go to Print/email/sms -> TDS report->E-TDS return (Non salary).
Step3: Select file location where you want to export your file e.g. C:\BUSYWin\Form26Q.txt.
Step4: Click on the print button. A form 26Q file with extension .TXT will be exported to the mentioned location.
Step5: Now you can upload the form 26Qgenerated from BUSY to the offline TDS FVU utility with other required files. This TDS utility to be downloaded from NSDL Website
Related Videos:
https://www.youtube.com/watch?v=nZrLdbkMMtw

I want to file the quarterly TDS returns, but the entries are not populated correctly. What should I check?

If you are facing issues with the entries not being populated correctly while filing quarterly TDS returns, you should check the following: 
Step 1: Check The Modify Purchase Bill where TDS Deducted Correct or not.
Step 2: Check TDS Deduction date selected and Purchase & voucher date or expense date selected.
Step 3: Double-check the configuration and settings in TDS.
Step 4: Make sure that the correct TDS payment entries are linked to the corresponding deductions.
Step 5: To Generate quarterly TDS returns report
Step 6: Go to Print / Email /SMS Menu
Step 7: Click on TDS/TCS Reports option
Step 8: Click on eTDS Return (Non-Salary) - Select export file path
Step 9: select quarterly which you want to generate & export TDS returns file
Step 10: select file creation date.
Step 11: click on export.

How to select the right quarter for filing my TDS return in BUSY?

To select the right quarter for filing your TDS return in BUSY, you need to consider the relevant financial period for which you are filing the return. Typically, TDS returns are filed quarterly, so you would select the appropriate quarter (e.g., April-June, July-September, etc.) based on the period for which you have deducted TDS. for generate & export quarterly file by eTDS Return in BUSY - kindly follow the following Steps: 
Step 1: Go to Print / Email / SMS Menu
Step 2: Click on TDS/TCS Reports option.
Step 3: Click on eTDS Return (Non-Salary) option.
Step 4: Default eTDS Return export path is C:\BUSYWin\Form26Q.txt and if required you can change the export file path.
Step 5: select file creation date and for the quarter.
Step 6: click on export.

How do I check and correct the company name being reflected in the TDS return file?

To check and correct the company name being reflected in the TDS return file, you can follow these steps:
1. Open the TDS return file in the software you are using for filing TDS returns.
2. Look for the section or option where you can view or edit the company details.
3. In that section, you should be able to see the current company name that is being reflected in the TDS return file.
4. If the company name is incorrect or needs to be corrected, there should be an option to edit or modify it.
5. Click on the edit or modify option and enter the correct company name.
6. Save the changes and generate a new TDS return file with the corrected company name.

Why am I unable to generate the TDS return file without any errors or issues?

There could be several reasons why you are unable to generate the TDS return file without any errors or issues. Some possible reasons could be:
1. Incorrect data entry: Double-check the data you have entered for accuracy, including the TDS amounts, PAN numbers, and other relevant details.
2. Software compatibility issues: Ensure that you are using the latest version of the BUSY and that it is compatible with your operating system.
3. Insufficient permissions: Make sure that you have the necessary permissions and access rights to generate the TDS return file.
4. Technical glitches: Check for any technical issues or bugs in the software that may be causing the problem. You can try restarting the software or contacting BUSY support for assistance.

I need to file quarterly TCS returns but am unable to find the option in BUSY Software. Where is the TCS return filing menu?

In BUSY direct TCS return filing window not available in BUSY only eTCS Return to export .txt file available. 
To export eTCS Return .txt file. Kindly follow the following Steps.
Step 1: Go to Print / Email / SMS Menu
Step 2: Click on TDS/TCS Reports option.
Step 3: Click on eTCS Return option.
Step 4: Select export file path
Step 5: select file creation date and for the quarter.
Step 6: click on export.
Step 7: After generating the file, save it to a location on your computer.
Step 8: Go to the government portal for filing TCS returns.
Step 9: Look for the option to upload the TCS return file.

I need to file quarterly TDS returns. How can I do this through BUSY? Is this functionality available yet?

To file your TDS quarterly returns using BUSY, follow these simple steps:
Step 1: Open the Print/Email/SMS section.
Step 2: Under TDS/TCS Reports, choose eTDS Return (Non-Salary). You'll see a file name and a default file location, like C:\BUSYWin\Form26Q.txt. You can leave it as is or change it to your preferred location. Also, select the file creation date and the relevant quarter.
Step 3: Click Print to create the file. The file will be saved in the folder you selected, and it will have a name like Form26Q.txt.
Please note that BUSY doesn't provide a direct option to upload this file for you. You may need to submit it through the appropriate government portal or method.

I am unable to file my TDS return using BUSY. It shows an error. How can I resolve this?

TDS return filing window not available in BUSY only by using eTDS Return you can do export .txt file available.for TDS Return filing To export eTDS Return .txt file.
To fix the issue you can try the following steps:
Generate and validate my TDS return file, but I am getting errors to fix the issue you can try the following steps:
Step 1: Download & install Latest Release of BUSY.
Step 2: Export Latest .txt file in BUSY by use eTDS return export option.
Step 3: Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by Protean (formerly NSDL eGov)

What is the right process to generate an error-free TDS return file? Please guide.

To generate an error-free TDS return file in BUSY, follow these steps:
1. Ensure that you have updated the software to the latest version to avoid any bugs or issues.
2. Set up the necessary TDS configurations in BUSY, including TAN details, section codes, and rates.
3. Enter all the relevant TDS deductions and payments accurately in the software.
4. Generate the TDS return file by selecting the appropriate form (e.g., Form 26Q or Form 27EQ) in BUSY.
5. Review the generated TDS return file for any errors or discrepancies. Make sure all the details are correct, including PAN numbers, deductee details, and TDS amounts.