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Entry for TDS on provision

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(Querist)
07 May 2011 Hello

What will be the accounting entry of TDS on provision.

1) Exp. Dr
TO provision for expe. (net of TDS)
To TDS payable (TDS amount)

2) Exp. Dr
Party Dr (TDS amount)
To Provision for Exp. (Exp. Provision amount)
To TDS Payable (TDS amount)

Please guide me
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CA Navin Jain

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CA Navin Jain (Expert)
07 May 2011 ) Exp. Dr
TO provision for expe. (net of TDS)
To TDS payable (TDS amount)
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 May 2011 Entry will be---

Expenditure A/c Dr.....
To TDS Payable A/c...
To Party A/c.....
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Praveen Maheshwari

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Praveen Maheshwari (Expert)
14 July 2011 In my opinion Party account will not be credited at the time of creating provision rather than it should be credited at the time when we receive final bill from Party.

So first Entry is Correct.

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