If you receive monetary gifts from abroad:

• From Relatives: They are completely exempt from tax.

• From Non-Relatives: If the total amount of such gifts during the financial year exceeds ₹50,000, the entire amount is taxable as income from other sources.

Reference (Section 56(2)(x) of the Income Tax Act, 1961):

“Any sum of money or property (other than immovable property) received without consideration by an individual or Hindu Undivided Family (HUF) in excess of ₹50,000 in aggregate during a financial year shall be taxable as income from other sources, unless it is received from a relative.”