Income Tax Act, 1961
Section 6: Ins. by Act 33 of 1996, s. 21 (w.e.f. 11996).
6. Ins. by Act 33 of 1996, s. 21 (w.e.f. 11996).
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1[(v) where any sum of money exceeding twenty-five thousand rupees is received without
consideration by an individual or a Hindu undivided family from any person on or after the 1st day of
September, 2004 2[but before the 1st day of April, 2006], the whole of such sum:
Provided that this clause shall not apply to any sum of money received—
(a) from any relative; or
(b) on the occasion of the marriage of the individual; or
(c) under a will or by way of inheritance; or
(d) in contemplation of death of the payer; or
3[(e) from any local authority as defined in the Explanation to clause (20) of section 10; or
(f) from any fund or foundation or university or other educational institution or hospital or
other medical institution or any trust or institution referred to in clause (23C) of section 10; or
(g) from any trust or institution registered under section 12AA.]
Explanation.—For the purposes of this clause, “relative” means—
(i) spouse of the individual;
(ii) brother or sister of the individual;
(iii) brother or sister of the spouse of the individual;
(iv) brother or sister of either of the parents of the individual;
(v) any lineal ascendant or descendant of the individual;
(vi) any lineal ascendant or descendant of the spouse of the individual;
(vii) spouse of the person referred to in clauses (ii) to (vi);]
4[(vi) where any sum of money, the aggregate value of which exceeds fifty thousand rupees,
is received without consideration, by an individual or a Hindu undivided family, in any previous
year from any person or persons on or after the 1st day of April, 2006 5[but before the 1st day of
October, 2009], the whole of the aggregate value of such sum:
Provided that this clause shall not apply to any sum of money received—
(a) from any relative; or
(b) on the occasion of the marriage of the individual; or
(c) under a will or by way of inheritance; or
(d) in contemplation of death of the payer; or
(e) from any local authority as defined in the Explanation to clause (20) of section 10; or
where any sum of money exceeding twenty-five thousand rupees is received without
consideration by an individual or a Hindu undivided family from any person on or after the 1st day of
September, 2004 2[but before the 1st day of April, 2006], the whole of such sum:
Provided that this clause shall not apply to any sum of money received—
from any relative; or
on the occasion of the marriage of the individual; or
under a will or by way of inheritance; or
in contemplation of death of the payer; or
3[
from any local authority as defined in the Explanation to clause
of section 10; or
from any fund or foundation or university or other educational institution or hospital or
other medical institution or any trust or institution referred to in clause
of section 10; or
from any trust or institution registered under section 12AA.]
Explanation.—For the purposes of this clause, “relative” means—
spouse of the individual;
brother or sister of the individual;
brother or sister of the spouse of the individual;
brother or sister of either of the parents of the individual;
any lineal ascendant or descendant of the individual;
any lineal ascendant or descendant of the spouse of the individual;
spouse of the person referred to in clauses
to
where any sum of money, the aggregate value of which exceeds fifty thousand rupees,
is received without consideration, by an individual or a Hindu undivided family, in any previous
year from any person or persons on or after the 1st day of April, 2006 5[but before the 1st day of
October, 2009], the whole of the aggregate value of such sum:
Provided that this clause shall not apply to any sum of money received—
from any relative; or
on the occasion of the marriage of the individual; or
under a will or by way of inheritance; or
in contemplation of death of the payer; or
from any local authority as defined in the Explanation to clause
of section 10; or