At the same time, you should check if you are getting a refund from the IT Department or have to pay tax. In case you are liable to pay a tax, you should get hold of Form 280, fill it up and deposit it any bank along with the tax payable in cash or cheque. You can also pay tax through Internet banking. In both cases, you will get a receipt number which has to be quoted in the ITR form.

Also under the new procedure, one does not need to attach any documents or enclosures with the return of income. However the Income Tax Officer may demand them at future stage and thus it is advised that the individual preserve all the documents required to confirm the return of income filed.

So make sure you have filed your return of income before this financial year ends on March 31st, 2009 because filing after this date would draw a penalty of Rs 5,000 apart from the additional interest rate that has to be paid.