Urgent help needed for tds

Sunish (Freelance) (168 Points)

08 September 2013  

Iam currently finanalising the accounts of a CO. But the DATA send by the Co staff has certain probs..

An item of " Remuneration Paid to Directors" is not provided after deductiong TDS..

Currently The entry Stands : 

                       SALARY TO DIRECTORS...     DR                720000

                                        TO BANK                                                          440000

                                         TO EXPENSE PAYABLE                               280000

Now after learning Tds has to be deducted from the above iam in a big dilemma as to how to incorporate a Tds Payable account into the accounts.. 

UR RESPONSEWILL BE HIGHLY APPRECIATED