Simply say, all the gains which are of capital nature is considered as capital gains. The computations of which goes under the head "Income from Capital Gain" in Income Tax. Now the question arises which gains are to be considered as Capital gains? So that depends upon the nature of the transaction i.e nature of the asset which has been sold whether it was of capital nature or not. So capital asset are those which are related or belongs to the assessee whether or not connected to his business or profession. But it is to be noted that following things are excluded from the nature of being "capital" which are as follows: 1. Personal Movable Assets  2. Rural Agricultural Land in India 3. Stock In Trade 4. Gold Deposit Bonds  But there are some exceptions to the above mentioned. It means following assets are included in the nature of being "capital" which are as follows: 1. Jewellery 2. Archeological Collections 3. Sculptures...