Tds on sale of immovable property

Dear Sir 

Sale amount will come as 62 lakhs and TDS deducted will be booked under TDS A.Y 2014-15. 

I hope answer is clear.

Regards 

Bank a/c Dr 61.38lakhs

TDS A.Y Dr. 0.68 lakhs (make it under current assets )

Party Name Cr 62.00 lakhs 

(Being amount recived on sale of building )

1. Invoicing

Debtor/Purchaser      Dr.              62,00,000

To Sale value in advance A/c                               62,00,000

(Being invoice raised for installment received)

2. On receipt of consideration:-

Bank A/c                   Dr.              62,00,000

To Debtor/Purchaser                                      62,00,000    

(Being receipt accounted) 

3. On issue of cheque for TDS amount:-

TDS Receivable A/c   Dr.               62,000

To Bank A/c                                                  62,000

(Being TDS amount refunded to customer & corresponding credit taken)