Please Advise and Confirm

This discussion addresses the mandatory filing of ITR for the financial year 2020-2021 when Statement 26AS and AIS show no transactions. The consensus is that even with minimal income (around ₹150,000) and no recorded transactions, filing is necessary. It is advised to use ITR1 and report the income under the 'Income from other sources' head, simplifying the process without the need for extensive record-keeping.