Tds on advance rent

in the books of Tenant

Advance Rent(or Prepaid Expenses) A/c Dr. 60,00,000

                                                  To TDS Payable                   6,00,000

                                                  To Party A/c                           54,00,000

Party A/c Dr.      54,00,000

            TO Bank A/c         54,00,000

Then at the end of every year, pass another entry as follows:

Rent A/c Dr. 20,00,000

             To Advance Rent A/c     20,00,000

In the books of Landlord

Bank A/c Dr.                       54,00,000

TDS Receoverable A/c        6,00,000

             TO Advance Rent A/c                60,00,000

Then at the end of every year, pass another entry as follows:

Advance Rent A/c Dr.    20,00,000

             To Rent Income A/c              20,00,000 

yes credit of tds will be received in the same year

Circular 5/2001 dated 2-March-2001 issued by CBDT states that in case where advance rent is spread over more than one financial year and tax is deducted thereon, credit shall be allowed in the same proportion in which such income is offered for taxation for different assessment years based on the single Certificate furnished for tax so deducted on the entire advance rent