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Under which of the following circumstances may 'capital gains' arise? [CSE (Pre) 2012. 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? [CSE (Pre) 2012. 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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