https://www.taxtmi.com/manuals?id=1969 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. en-us Tue, 14 Feb 2023 12:00:00 +0530 Wed, 13 May 2026 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1969 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. Manuals Income Tax Tue, 14 Feb 2023 12:00:00 +0530 https://www.taxtmi.com/manuals?id=1969