Tax on gift received in cash

There is no gift tax . The gift is treated as income in the hands of donee except for cases of gift recd from relatives as defined . Thereafte , normal income tax rates are applicable , as applicable to the donee. 
 

But if the other income of the assessee consists of "Income from savings bank account exceeding 10,000/-" , the assessee should file the return.

Hi Anurag,

Rs. 2 lacs exemption will cover that. If total income is below Rs. 2 lacs, it wont be taxed.