ITR not filled and message received in respect of Annual Information Statement

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An individual received a message from the Income Tax Department stating they failed to file their ITR for AY 2022-23, despite their income being below the £2,50,000 exemption limit. The Annual Information Statement (AIS) shows transactions related to mutual fund and share trading. The advice given is that while filing an ITR might not be mandatory due to low income, submitting an online response via the e-Campaign tab on the Compliance Portal is necessary.

Manoj Chauhan

Manoj Chauhan (Querist)

25 December 2022 Dear Sir/Madam,

One of my friends has got the following message from Income Tax Department:
Attention (Name of the person) (PAN), Based on the available information with Income Tax Department, it appears that you were required to file ITR for AY 2022-23 but have not filed yet. Please file your ITR or submit online response under e-Campaign tab on Compliance Portal.

Here, his income is below Rs.2,50,000/-. There are some transactions relating to purchase and sale of mutual fund and shares in his Annual Information Statement.

Please advise whether he should file ITR or submit online response.