1.

Among the following which is the best example of a short term capital gain?

A. A motor-cycle sold at a marginal loss within a year of its purchase
B. A house held by a real estate dealer for sale, the value of which has increased before purchase
C. A pleasure car sold for more than what was paid for it within 4 months of the purchase
D. A gift which is resold within six months of receipt
E. None of the above
Answer» D. A gift which is resold within six months of receipt


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