New Delhi, July 25 -- Many taxpayers delay and put off filing their income tax returns (ITRs) until the last moment. This leads to delay in refunds, avoidable stress and possibility of financial penalties. Even though over the years the process of income tax filing has become simpler, procrastination continues to complicate the process for taxpayers.

Here is why delays take place and how you can avoid them this year i.e., while filing the tax returns for the financial year (FY) 2024-25.

Taxpayers generally wait for the official release of updated ITR forms along with filing utilities. This usually comes after the previous financial year has ended. Important documents such as Form 16, Form 16A, annual information statements (AIS) are gen...