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 :
(a) 1 only
(b) 2 and 3 only
(c) 2 only
(d) 1, 2 and 3

2

Answers

2014-08-17T19:54:37+05:30

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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 
(b) 2 and 3 only 
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  • Brainly User
2014-08-17T19:59:37+05:30
The answer is opt (b)i.e two and three only
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