Taxability of gratuitous receipts: larger gifts to individuals and HUFs treated as income unless specified familial or inheritance exceptions apply. An amendment to section 56(2) treats monetary receipts to an individual or Hindu undivided family exceeding a statutory threshold received from any person after a specified date as taxable income in full, subject to exclusions for receipts from a relative, on marriage, under a will or by inheritance, and in contemplation of the payer's death; the term 'relative' is exhaustively defined to cover spouse, various categories of siblings, lineal ascendants and descendants and their spouses.