Investment of income from sale of property

If bank has deducted TDS on FD interest then file income tax return.

Thanks for the response. Bank has not deduct TDS as we had given Form 15 H.

15H is related to Senior Citizens , for others 15G is filed 

yes 15G was filed, sorry I had mentioned incorrectly

My assumption that if an income from property received that should be invested on any other property purchased else that will be taxable.

Please advise if my understanding is correct and then advise that tax procedure as we have not filled any tax untill now.