Gift taxation rules for individuals and HUFs cover money, immovable property, specified assets, valuation disputes, and broad family exemptions. Taxability of gifts received by an individual or Hindu undivided family is based on whether money or specified property is received without consideration or for inadequate consideration beyond the prescribed threshold. Immovable property is taxed by reference to stamp duty value, with an agreement-date valuation rule where consideration was partly paid through specified banking or electronic modes, and disputed valuations may be referred to a Valuation Officer. Broad exemptions apply for gifts from relatives, on marriage, under a will or inheritance, in contemplation of death, and from specified authorities, institutions, reorganisations, or prescribed categories of persons.