UPSC 2012 › Indian Economy › Taxation

1 question · 2012 · answers as per the UPSC key

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UPSC 2012 · Q76 · Indian Economy › Taxation · Save

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
Show answer
Answer: (b) 2 and 3 only