What if stopped filing ITR due to gross income below 2.5 lakhs ?

This discussion addresses whether a senior citizen, whose income is below the 2.5 lakh threshold and thus exempt from filing an Income Tax Return (ITR), should file one solely to obtain a bank loan. While generally not required, filing an ITR might be necessary for loan applications, even if income is below the taxable limit, as banks often require several years of returns as proof of financial activity.