UPSC CSE Prelims 2012 Q76 — Indian Economy PYQ

2012Q76·Indian Economy·Taxation

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:

UPSC CSE Prelims 2012 Q76 — Indian Economy PYQ with Answer

UPSC CSE Prelims 2012 Q76 — Indian Economy PYQ with Answer