To the best of my knowledge, the Income Tax Department is not specifically targeting cash gift transactions between relatives exceeding a certain amount for AY 2025-26 or AY 2026-27.

Such gifts are tax-exempt under Section 56(2)(x).

However, notices could still be issued if:

(i) Cash transactions exceed ₹2 lakh and violate Section 269ST (though relatives are generally exempt, documentation is key).

(ii) Large cash deposits trigger SFT reporting and raise red flags due to lack of explanation or mismatch with income.

To avoid notices, maintain proper documentation (e.g., gift deed, donor’s income proof, bank statements) and report the gift in your ITR under exempt income, even if not mandatory. No specific threshold for notices on relative gifts has been set beyond existing cash transaction limits, but vigilance on high-value cash movements continues.