Tds on advance rent

Atul Bajaj (CA) (63 Points)

18 February 2013  

If a person Pays Rent for Say 3 years amounting to 60,00,000/- and deducts the TDS on that for Rs. 6,00,000/-.
Will the Receiver of rent get TDS credit in the same year.
How the same issue will be dealt with in accounts of Tenant and landlord both?