Sec.56 (2)(vii) gift taxation

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(Querist)
10 December 2013 Dear Sir,
What amount will be Tax implication
if i receive a gift of cash Rs.50,000 from Mr.A( a friend) ,receive a gift of cash Rs.28,000 from Mr. B (a friend) in one Financial Year.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
10 December 2013 so if u receive total gift in cash for rs 78,000( 50,000 + 28,000) the its fully taxable.
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