Capital gain

Profit and Gain arising from the transfer of a capital affected in the previous year saved as otherwise provided is chargeable to income tax under the head and the income of that year on which transfer took place. 

Any individual who received money or other assets from an insurer at any point during the previous year as a result of the destruction or damage to any capital asset, as a result –

(i) Flood, typhoon, hurricane, cyclone, earthquake, or any other convulsion of nature or

(ii) Riot or civil disturbance or

(iii) Accidental fire or explosion or

(iv) Action taken against an adversary or action taken by an enemy.

Any profit or gains arising from the receipt of such money or other assets be chargeable to income tax under the head “Capital gains” and the income of such person of the previous year in which such money or other assets were received for the purpose of section value of any money or the fair market value of other assets on the date of such receipt full value of the consideration received or accruing as a result of the transfer of such capital asset.

For more, you can visit here 80g income tax.

Despite anything stated in the profits or gains resulting from the owner's transfer of a capital asset or his treatment of it as stock-in-trade of a business he operates, chargeable to income tax as his income of the prior year in which such stock-in-trade was sold or otherwise transferred by him, and the purposes of the asset's fair market value on the date of such conversion or treatment being a full value of the consideration received or accrued. 

Where any person has gained any beneficial interest in any securities, any profits or gains arising from transfer made by the depository or participant of such transfer took place and should not be regarded as income of the deposit of the registered owner of securities. The profits or gains resulting from the transfer of a capital asset by way of distribution of capital assets on the dissolution of a firm, other association of persons, or body of individuals (not being a company or a co-operative society), or in any other manner, shall be taxable as the income of the firm, association, or body for the prior year in which the said transfer takes place and, for the purposes of section 48, the fair market value of the asset on the date of the transfer.

For more, you can visit here 80g exemption list.