A

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Q. Among the following which is the best example of a short term capital gain?

  • (A) A motor-cycle sold at a marginal loss within a year of its purchase
  • (B) A house held by a real estate dealer for sale, the value of which has increased before purchase
  • (C) A pleasure car sold for more than what was paid for it within 4 months of the purchase
  • (D) A gift which is resold within six months of receipt

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