95. Arun's gross total income of P.Y. 2020-21 is * 2,45,000. He deposits 45,000 in PPF. He pays electricity bills aggregating to * 1.20 lakhs in the P.Y.2020-21. Which of the statements is correct? (a) Arun is not required to file his return of income u/s 139(1) for P.Y. 2020-21, since his total income before giving effect to deduction under section 80C does not exceed the basic exemption limit. (b) Arun is not required to file his return of income u/s 139(1) for P.Y. 2020-21, since his electricity bills do not exceed * 2,00,000 for the P.Y.2020-21. (c) Arun is not required to file his return of income u/s 139(1) for P.Y. 2020-21, since neither his total income before giving effect to deduction under section 80C exceeds the basic exemption limit nor his electricity bills exceed 2 lakh for the P.Y.2020-21. Arun is required to file his return of income u/s 139(1) for P.Y. 2020-21, since his electricity bills exceed 1 lakh for the P.Y.2020-21. (d)