Gift Deed

GIFT DEED

This Gift Deed is executed on 2026-04-26 by:

DONOR: Donor Full Name, residing at Donor Address

IN FAVOR OF

DONEE: Donee Full Name, residing at Donee Address
(Relationship with Donor: son/daughter/spouse)

WHEREAS the DONOR is the absolute owner of the asset described below, and out of natural love and affection for the DONEE, intends to gift the same.

NOW THIS DEED WITNESSETH:

1. GIFT
The DONOR hereby grants, transfers, and gifts the asset described in the Schedule below to the DONEE absolutely and irrevocably, out of natural love and affection.

2. NO CONSIDERATION
This gift is made without any monetary consideration. The transfer is voluntary and out of love.

3. ACCEPTANCE
The DONEE hereby accepts this gift with gratitude.

4. POSSESSION
The DONOR has handed over physical possession of the gifted asset to the DONEE on this date.

5. TITLE
The DONOR warrants that the asset is free from encumbrances and legal disputes.

6. IRREVOCABILITY
This gift is absolute and irrevocable. The DONOR shall have no further claim over the gifted asset.

7. SCHEDULE OF GIFT
Property at... / Cash ₹X / Jewelry...
Approximate Value: ₹1000000

IN WITNESS WHEREOF, the Donor and Donee have signed below.

_______________      _______________
DONOR                 DONEE
Donor Full Name   Donee Full Name

Witnesses:
1. _____________ (Name, Address)
2. _____________ (Name, Address)

Note:
- Gift Deed for immovable property MUST be registered (mandatory).
- Stamp duty varies by state. Many states have lower stamp duty for gifts to blood relatives.
- Gift to spouse/blood relatives is exempt from income tax under Section 56(2).