Electronics or vouchers received as gift not taxable

I work with a private sector company and vendors give Diwali gifts such as electronics and vacation vouchers. Do I have to put a total monetary value of the gifts, pay tax and report in ITR?

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—Name withheld

Gifts received, where the aggregate value in a financial year exceeds ₹50,000, are taxable in the hands of the recipient under the head “income from other sources”. Only gifts received in cash, immovable property and specified movable property are taxable. Specified movable property includes shares, jewellery, archaeological collections, drawings, paintings, sculptures or any work of art and bullion. In other words, gifts other than those covered in the above definition, for e.g., electronic appliances, vacation vouchers, etc., would not be taxable. Where gift become taxable, the same should be reported in the income tax return under the applicable head.