Gift received

If from 'relative' as per sec .56(2) of I T act, its tax exempt.

But otherwise, full amount is taxable under 'IFOS' ....

If  No relative  then taxable above 50000/- , relatives  means given as per Income tax act 1961

Full amount Rs.52,000 /- is taxable as income from other source.

Full amount Rs.52,000 /- is taxable as income from other source.

Extract of section 56(2)(x) of I T act..........

56(2)[(x) where any person receives, in any previous year, from any person or persons on or after the 1st day of April, 2017,—

(a)  any sum of money, without consideration, the aggregate value of which exceeds fifty thousand rupees, the whole of the aggregate value of such sum;

(b)  any immovable property,— .........

I agree both sir and madam  that full  amount is taxable , however limit  is 50000/- 

YES... FULL AMOUNT IS TAXABLE IF IT'S NOT UNDER RELATIVE DEFINITION.