An individual holds each of the following for personal use. Which of them is a capital asset under the Income-tax Act, 2025?

Section 2(22) of the Income-tax Act, 2025 excludes personal effects, meaning movable property such as wearing apparel and furniture held for personal use, from the term capital asset. That exclusion expressly does not cover jewellery, including ornaments of gold, silver or platinum, so gold ornaments remain capital assets even when worn. A car, furniture or computer held for personal use is a personal effect and outside the definition.