Accounting entry for tds deposited but not deducted

since TDS is being paid to the Cent Govt, then you can pass the TDS entry for the same F.Y. If whole of the amt is being paid to the loan giver inclusive of TDS, then you can raise a Debit Note by passing a JV  debiting his account and crediting TDS Payable which would be as follows:

Party A/c  Dr

To- TDS Payable

First enty at the time of Payment is

TDS Payable A/c ....... Dr

   To Bank A/c ...............

( Being TDS paid on Invoice No....)

At the time of Deduction

Client Account ...... Dr.

To TDS Payable A/c ......

(Being TDS deducted on Invoice No....)