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 increas

Question

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.
Select the correct answer using the codes given below:

Accepted Answer

(B) 2 and 3 only

Answer

(A) 1 only

Answer

(C) 2 only

Answer

(D) 1, 2 and 3