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Entries for tds on grant

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(Querist)
15 May 2013 Please tell me the entries :-

1-Grant received after deduction of TDS.
2-Entries of TDS on grant
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 May 2013 Dr: Bank
Dr:TDS receivable
Cr: Grant received
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srinivasan

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srinivasan (Expert)
15 May 2013 Can u pl explain why TDS was made on grant
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Swati

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Swati (Querist)
16 May 2013 Sir

I have joined a NGO as a Finance executive.I have found an entry in books

Bank 6860
TDS Rec 140
To Grant A/c 7000

Opening balance in Grant A/c was 6860. Thus the closing balance is now Rs 140.

Please rectify the above.

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