According to Section 92(2)(m) of the Income-tax Act, 2025, if an individual receives a sum of money,…

Section 92(2)(m) of the Income-tax Act, 2025 (formerly section 56(2)(x) of the Income-tax Act, 1961) brings sums of money received without consideration from non-relatives, where the aggregate exceeds fifty thousand rupees, to tax, so "It is taxable under the head 'Income from Other Sources'." Receipts from relatives and the other exceptions in section 92(3) still apply, and the rule is not confined to cash receipts.