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
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