Treatment of Tax under Gift

Pavan Kumar (192 Points)

10 May 2020  
Dear sir,
1) Can I received donation of Rs.50lakhs by cheque or cash and is any requirement of any deed.

2) Can I received a house of Ra.50lakhs in a form of donation.

Note : In both cases doonation by individual who is not cover under relative definition.

Pls suggest me tax treatment and which option should be better.

Thanks