Tally entries

X Dr.

To Loan A/c 

Explanation: As X is the debtor and Loan is a liability.

Bank A/c Dr.

TDS Receivable A/c (194A) Dr.

To Interest Received A/c

Explanation : Bank A/c will be debited with the actual interest received amount, TDS deducted is your asset, Interest received is credited as it is your income.

And where you have to deduct TDS the entry will be..

Interest on Loan a/c Dr.

To Bank A/c

To TDS Payable A/c