Under the Income-tax Act, 2025, for tax year 2026-27, which of the following is NOT included in the taxable income of an individual?

Under section 92(2)(m) of the Income-tax Act, 2025 (formerly section 56(2)(x) of the 1961 Act), money received without consideration from persons other than relatives is taxed only when the aggregate received in the tax year exceeds ₹50,000, so personal cash gifts totalling ₹50,000 are not taxable. Income from smuggling is taxable even though it is illegal, casual income such as lottery winnings is taxed as income from other sources, and income received in kind is taxed at its value.