I have few FDs in a bank and they are Auto renewal for the last two years.and not closed or credited in my a/c The bank not deducted IT as a source or issued TDS. whether it is necessary to file the interest amount while filing IT return?
Even though Banks not deduct TDS, it is always wise to declare the interest income on FDs on yearly basis. If you are not sure of how much is the interest income, then ask your bank to provide the INTEREST CERTIFICATE. Based on that you file IT return.
You can file IT return at maturity also (or when you withdraw). But it is always best to do it on yearly basis.