Which of the following statements is/are correct with reference to the income tax returns in financial year 2019-20?

A. There is a 9.8 per cent contraction in filings of ITR-1 offline and 4.5 per cent contraction in filings of ITR-1 online for FY20.

B. ITR-1 Sahaj can be filed by a resident individual, who is not included in the Hindu Undivided Family (HUF), having an income of up to Rs 50 lakh.

C. Both A & B

D. None of these

Explanation:

India’s economic stress preceded the Covid-19 pandemic, but worsened in its aftermath as individuals with incomes and salaries took a hit. The latest data on ITRs showed a 9.8 per cent contraction in filings of ITR-1 offline and 4.5 per cent contraction in filings of ITR-1 online for FY20. ITR-1 Sahaj can be filed by a resident individual, who is not included in the Hindu Undivided Family (HUF), having an income of up to Rs 50 lakh.