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<h1>CBDT Directs Banks to Timely Deposit March 2015 TDS; State Governments to Ensure Proper TCS Collection.</h1> The circular from the Central Board of Direct Taxes, dated March 24, 2015, instructs Chief Commissioners of Income Tax in various regions to ensure that banks comply with the timely deposit of Tax Deducted at Source (TDS) for March 2015. It references a previous letter from February 2, 2015, emphasizing that public sector banks have been urged to remit deducted taxes within the same month. Additionally, state governments are asked to ensure proper collection of Tax Collected at Source (TCS) on specific contracts. Compliance reports are to be submitted to the Member (Revenue) by the end of the month.