Gifts not chargeable to tax

Any sum of money or property received by an individual or HUF in the following circumstances shall not be chargeable to tax:

a) Gifts received by an individual from his relatives;

b) Gifts received by an HUF from any of its Member;

c) Gifts received by an individual on occasion of his/her marriage;

d) Gifts received by an individual or HUF under a will or by way of Inheritance;

e) Gifts received in contemplation of death of the payer;

f) Gifts received from any local authority;

g) Gifts received from any fund, foundation, university, educational institution, hospital, medical institution, any trust or institution referred to in Section 10(23C);

h) Gifts received from any trust or institution registered under Section 12AA