For gifted income

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This query is : Resolved

Rafeeq Ahmad (Querist)

16 June 2016 sir how can a father gift his property to his son or daughter in law. what the processor i should be abail.

Rupesh Jain

Rupesh Jain (Expert)

16 June 2016 yes property can be gifted for that its you can make gift deed for that.

Rafeeq Ahmad

Rafeeq Ahmad (Querist)

16 June 2016 sir can u sand me a sample copy od deed

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

25 July 2024 Certainly! Here's a draft of a gift deed that you can use as a template. Please note that this is a basic format and may need to be customized based on specific details and legal requirements in your jurisdiction. It's always recommended to consult with a legal professional to ensure the deed meets all necessary legal standards and requirements.

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**GIFT DEED**

This Deed of Gift made at [Place] this [Date], between:

**Donor:**
[Name of Donor], son/daughter of [Father’s Name], residing at [Address], (hereinafter referred to as the "Donor"),

**Recipient:**
[Name of Recipient], son/daughter of [Father’s Name], residing at [Address], (hereinafter referred to as the "Recipient"),

**Witnesseth:**

Whereas:

1. The Donor is the absolute and lawful owner of [Description of Property/Asset], more particularly described in the Schedule below (hereinafter referred to as the "Property").

2. The Donor out of natural love and affection and without any monetary consideration intends to gift the said Property to the Recipient.

Now, therefore, this Deed witnesses as follows:

1. The Donor hereby gifts and transfers absolutely and irrevocably to the Recipient, all his rights, title, and interest in the Property described in the Schedule below.

2. The Recipient accepts the gift and agrees to take possession of the Property.

3. The Donor declares that the Property is free from all encumbrances, charges, mortgages, disputes, claims, demands, and litigations of any nature whatsoever.

4. The Donor further declares that he has full right, absolute authority, and power to make this gift and that the same shall be valid and effective in law.

5. The Recipient accepts the gift voluntarily and undertakes to bear all future liabilities, if any, in respect of the Property.

6. This gift is made without any condition or restriction whatsoever.

**SCHEDULE**

(Describe the Property/Asset being gifted in detail, including any specific identification marks or details if applicable).

**IN WITNESS WHEREOF**, the parties hereto have set their hands on the day, month, and year first above written.

**Signature of Donor**

[Name of Donor]

**Signature of Recipient**

[Name of Recipient]

**Witnesses:**

1. [Name of Witness 1]
Address: [Address]

2. [Name of Witness 2]
Address: [Address]

**Acknowledgement**

Signed and acknowledged by the Donor, [Name of Donor], and the Recipient, [Name of Recipient], in our presence and sight as their voluntary act and deed this [Date].

**Signature of Witness 1**

[Name of Witness 1]

**Signature of Witness 2**

[Name of Witness 2]

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Please ensure to fill in all the blanks with accurate information and review the draft with all parties involved before finalizing and executing the gift deed. Additionally, consider getting the document registered or notarized as required by local laws for its legal validity.

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