those who have not filed ITR for the financial year 2012-13 and 2013-14, have opportunity to update by filing ITRs till 31st March, 2015.
Income tax returns are required at various places- Obtaining Bank Loan, Applying for Visa, Getting Credit Card, insurance claims settlement, maintenance claim, court cases etc.
So, hurry-up and Relax by filing ITRs if pending.