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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. Select the correct answer using the codes given below.

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Under which of the following circumstances may 'Capital gains' arise?<br />1. When there is an increase in the sales of a product.<br />2. When there is a natural increase in the value of the property owned.<br />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.






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