Taxability of gifts

sir

i want to know about the taxability of gift u/s 56(2)(vi)

under aforesaid section gift from relative is exempt but income from that gift will b taxable or nat and in the hand of giver or reciever of gift.

for instance my father gave me rs.1,00,000 the what will be its taxability in both my hands and my father's hand.

what f the amont does naot exceed rs.50,000