A Ltd. is an Indian company which has invested in shares of other Indian and foreign companies. During the P.Y.2025-26, A Ltd. received dividend from these companies as follows:

	% of holding of A Ltd.	Date of declaration of dividend by the company	Date of distribution of dividend by the company	Amount of dividend Gross (Rs.)	Interest expenditure on loan borrowed for investment in shares (Rs.)
B Ltd., an Indian company	10%	20.6.2025	3.7.2025	2,00,000	45,000
C Inc., a foreign company	22%	17.9.2025	12.10.2025	4,00,000	90,000
D Inc., a foreign company	30%	13.11.2025	28.11.2025	6,00,000	1,30,000
E Ltd., an Indian company	15%	14.1.2026	2.2.2026	3,20,000	70,000

A Ltd. declared and distributed dividend of Rs. 6 lakhs for the F.Y.2024-25 in June, 2025 and dividend of Rs. 7 lakhs for the F.Y.2025-26 in July, 2026.

Mr. Aakash and Mr. Aarav are two brothers who have invested in shares of A Ltd. Both of them were born in India; their parents and grand parents were also born in India. Mr. Aakash is an Indian citizen who lives in Hyderabad. He is employed with a leading textile manufacturing unit at a salary of Rs. 1 lakh per month. His brother, Mr. Aarav is settled in Country Y since the year 2010. He is a citizen of Country Y and is a partner with a software development firm in Country Y. His share of profit in the Country Y firm for the F.Y. 2025-26 is CYD 1,20,000, which was credited to his bank account in Country Y. The value of one CYD may be taken as Rs. 25. He is not subject to income-tax in Country Y, since the share of profits of a firm is exempt in the hands of partners in Country Y. Mr. Aarav visits India for four months (in continuation) every year. He earns interest of Rs. 14 lakhs from fixed deposits with Bank of India.

The details of investment in shares of A Ltd. by Mr. Aakash and Mr. Aarav are given below:

Name of the shareholder	% of holding	Month of declaration & distribution of dividend	Amt of dividend Gross (Rs.)	Interest expenditure on loan borrowed for investment in shares (Rs.)
Aakash	10%	June, 2025	60,000	15,000
Aakash	10%	July, 2026	70,000	15,000
Aarav	15%	June, 2025	90,000	20,000
Aarav	15%	July, 2026	1,05,000	20,000

On the basis of the facts given above, choose the most appropriate answer of the below MCQs, on the basis of the provisions of the Income-tax Act, 1961 [Ignore the provisions of DTAA, if any, with Country Y for the purpose of answering these questions].