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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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