Tds u/s 194a

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seeta (Querist)
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20 October 2011 Sir,
Suppose, I have taken a loan of Rs.10,00,000/-
my emi is as under
Pri. Amt. Interest Install. Amt
10000 6500 16500

my question is that,
on interest i have to deduct TDS 10%
i.e. 650/-
but sir rs.16500/- have been deducted from my bank account in every month.

TDS of 10% is extra burdon on me.

sir pls tell me in my books of account how should i passed this entry for repayment and TDS

Its urgent

CA VISHAL RANA,CS,B.Com,AMFI

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
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20 October 2011 LOAN A/C DR 10000
INTEREST A/C DR 5850
TDS PAYABLE DR 650
TO BANK A/C 16500

AS PER LAW IF YOU TAKEN LOAN FROM BANK ..THEN THERE IS NO OBLIGATION TO DEDUCT TDS ON PAYMENT MADE TO BANK FOR INTEREST PAYMENT. SO PLEASE DON'T DEDUCT TDS