GyanGramUnder which of the following circumstances may ‘capital gains’ arise? 1. When there is an increase in the sal…
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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
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• Correct Answer: B
• Capital gains arise from appreciation of capital assets (property, paintings) sold above cost.
• Higher product sales generate business revenue, not capital gains.
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