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 :

Options

A. A)1 only
B. B)2 and 3 only
C. C)2 only
D. D)1, 2 and 3

Answer

B