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      Question

      Which of the following is a capital

      gain?
      A Profit on sale of house property Correct Answer Incorrect Answer
      B Salary income Correct Answer Incorrect Answer
      C Interest on fixed deposit Correct Answer Incorrect Answer
      D Rental income Correct Answer Incorrect Answer

      Solution

      Capital gains arise from the transfer of a capital asset, such as land, building, shares, etc. Profit from the sale of a house is a capital gain.

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