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Fd at multiple banks

This query is : Resolved 

18 December 2014 Dear Experts,
Please Comment:

Can Income Tax department Track Fixed Deposits made at multiple banks' different branches under single PAN? (To avoid TDS)

Thanks

19 December 2014 Yes. Every bank has to submit the annual return to Govt. Income tax easily track your Income in various banks under single PAN

20 December 2014 The each individual bank or its branch not required to deduct TDS if maximum amount not exceed Rs. 10,000 under section 194A.

But he require to pay Income tax on all interest income at the time filling of Return of Income, there is no way to escape tax liability on bank interest






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