Q. Among the following which is the best example of a short term capital gain? (Solved)
1. A motor-cycle sold at a marginal loss within a year of its purchase
2. A house held by a real estate dealer for sale, the value of which has increased before purchase
3. A pleasure car sold for more than what was paid for it within 4 months of the purchase
4. A gift which is resold within six months of receipt
5. None of the above
- c. A pleasure car sold for more than what was paid for it within 4 months of the purchase