Mr. Desai (aged 52 years) is an Indian resident. He gives the following information to you relating to the P.Y. 2023-24: (i) Profit from the business carried out in Dubai controlled from Dubai ₹13,10,000 (received in a bank account in Dubai). (ii) Loss from a business in Delhi - ₹4,50,000 (iii) During the F.Y. 2023-24, he also played some online games on a particular Indian website Game.com. Game.com is a manufacturer of men's shirts. During the year, Mr. Desai won 6 such shirts. The cost to manufacture such shirts by Game.com is ₹3,000 per piece and it sells these shirts at ₹10,000 per piece (excluding GST @18%). However, to play such games, Mr. Desai had to deposit a sum of ₹50,000 with the website as a refundable deposit. (iv) On 23rd May 2023, he gifted listed equity shares in an Indian company to his son's daughter, Ms. Shanaya. These shares were purchased by him on 1.4.2020 for ₹65,000. The market value as on the date of transfer was ₹1,00,000. Shanaya sold these shares for a consideration of ₹50,000 on 31.3.2024. (v) He had taken a loan of ₹25,00,000 for the purchase of an electric vehicle (for his personal purposes) on 1.4.2022 from a scheduled bank. He paid ₹5,00,000 as interest on such loan during the P.Y. 2023-24. (vi) He opts² to be governed by the default provisions of taxation regime under the Act. Based on the above information, answer multiple choice question no. 4-6: ² Read "opts" as "wants"