Exclusions from section 56(2)(vii)

Sec 56(2)(vii) is applicable only for amount received before 1st April, 2017.

Any sum received on or after 1-4-17, you will have to refer sec 56(2)(x)

Exclusions to same is provided in Proviso to Sec 56(2)(x).

For your refernce it is as follows :

Provided that this clause shall not apply to any sum of money or any property received—

 (I)  from any relative; or

(II) on the occasion of the marriage of the individual; or

(III)  under a will or by way of inheritance; or

(IV)  in contemplation of death of the payer or donor, as the case may be; or

(V)  from any local authority as defined in the Explanation to clause (20) of section 10; or

(VI)  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

(VII)   from or by any trust or institution registered under section 12A or section 12AA; or

(VIII)  by any fund or trust or institution or any university or other educational institution or any hospital or other medical institution referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10; or

(IX)  by way of transaction not regarded as transfer under clause (i) or 11[clause (iv) or clause (v) or] clause (vi) or clause (via) or clause (viaa) or clause (vib) or clause (vic) or clause (vica) or clause (vicb) or clause (vid) or clause (vii) of section 47; or

(X)  from an individual by a trust created or established solely for the benefit of relative of the individual.