https://www.taxtmi.com/acts?id=9849 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. en-us Wed, 22 Oct 2008 10:48:54 +0530 Wed, 22 Oct 2008 10:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9849 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. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 10:48:54 +0530 https://www.taxtmi.com/acts?id=9849