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Under which of the following circumstances...

1

Under which of the following circumstances may “capital gains” arise?
1. When there is an increase in the sales of a product
2. When there is a natural increase in the value of the property owned
3. When you purchase a painting and there is a growth in its value due to increase in its popularity

  1. 1 only
  2. 2 only
  3. 2 and 3 only
  4. 1,2 and 3
Asked By : Bharath KumarCategory : UPSC
Answer
c. 2 and 3 only
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a

Posted By : Shivendra Niranjan Reply

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