Gift Deed

Draft your GIFT Deed with our legal experts and avoid future damages

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  •       Guidance & advice
  •       Affordable Price   
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Overview

A gift deed is a legal document that can be used to transfer movable and immovable property to family members,relatives,friends or any other person.a gift is generally made based on love and affection.section 122 of The transfer of property Act,1882 governs the gift deed and according to section 117 of the transfer of property act the immovable property should be registered.

Advantages of Gift deed registration

  • Tax exemption
  • Legally enforceable 
  • Freedom of revocation

Credentials of valid Gift Deed

  • Gifted property must be without consideration
  • It should be in writing
  • The donor should be above 18 years age
  • The property should be registered
  • Property should be existence and transferable  
  • Gift deed should be signed by donor and donee and witness 









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