Question: Under which of the following circumstances may ‘capital gains’ arise?
- When there is an increase in the sates of a product.
- When there is a natural increase in the value of the property owned.
- When you purchase a painting and there is a growth in its value due to increase in its popularity. Select the correct answer using the codes given below.
Options:
A) Only 1
B) 2 and 3
C) Only 2
D) All of these
Show Answer
Answer:
Correct Answer: B
BETA
