Pay TDS /TCS for March in March Itself- CBDT to Banks & State Govts:

F.No.380/02/2014-IT
(B)
GOVERNMENT OF
INDIA
MINISTRY OF
FINANCE
DEPARTMENT OF
REVENUE
CENTRAL BOARD OF
DIRECT TAXES
NEW DELHI
Dated: March 24, 2015
To
Chief Commissioner of
Income Tax (TDS) – Delhi, Mumbai, Kolkata, Chennai, Bengaluru & Ahmedabad
Pr. Chief Commissioner of Income Tax – Hyderabad, Pune, Nagpur, Bhubaneswar,
Guwahati, Patna, Kochi, Chandigarh, Lucknow, Kanpur, Bhopal & Jaipur
Sub: Monitoring of Budget Collection- Follow up of TDS to be paid by the banks –
regarding.
I am directed to refer to refer this office letter of even number dated 02nd
February, 2015 (Copy enclosed) on the above mentioned subject. It is reiterated
that necessary follow-up action with the banks assessed in your region may
please be taken for deposit of TDS during the month of March, 2015.
(Sandeep Singh)
Under Secretary to the Govt. of India
Encl: As above

F.No.380/2/2014-IT(B)
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
CENTRAL BOARD OF DIRECT TAXES
NEW DELHI
Dated: February 2, 2015
To
Chief Commissioners of Income Tax (TDS) – Delhi, Mumbai, Kolkata, Chennai,
Bengaluru and Ahmedabad.
Principal Chief Commissioners of Income Tax – Hyderabad, Pune, Nagpur,
Bhubaneswar, Guwahati, Patna, Chandigarh, Lucknow, Kanpur, Bhopal & Jaipur
Sub: Monitoring of Budget Collection- Follow up of TDS to be paid by banks and
TCS by the State Governments.
I am directed to say that all public sector banks have been requested by the
Department of Financial Services, Ministry of Finance to ensure that tax deducted
during the month of March, 2015 is remitted to the Government account in the
month of March, 2015 itself. A copy of the specimen of the D.O. letter dated
22.01.2015 issued to the CMDs/ MDs of the banks is enclosed for ready
reference. Similar letter has also been written to the Chairman, Indian Banks’
Association for compliance by the non-PSU banks.
2. This is further stated that a D.O. letter has been written by the Revenue
Secretary to the Chief Secretaries of all States, requesting them to suitably direct
the officials concerned to ensure proper tax collection at source (TCS) on lease/
licence/ contract for mining and quarrying and for parking lots and toll plazas. A
copy of the specimen of the D.O. letter dated 20.01.2015 is enclosed for ready
reference.
3. It is requested that the matter regarding compliance/ implementation of these
directions of the Revenue Secretary and the Department of Financial Services
may kindly be followed up with the State Government and the banks assessed in
your Region and a report in the matter submitted to Member (Revenue) by the
end of this month.
This issues with the approval of Chairperson, CBDT.
(Anand Jha)
Commissioner (IT & CT)

Thanks