Gift Deed
This query is : Resolved
AJAY KUMAR MITTAL
(Querist)
26 March 2009
Ihave maid a gift of Rs.1.1 Lakh to my niche. I want to record it as gift deed. She is a minor. Pls guide the specimen draft to be recorded for the same. Also who are the persons to sign this gift deed as the donee is a minor.
CA. B.SRINIVASULU
(Expert)
26 March 2009
Since the donee is a minor you have to appoint a guardin for the minor and the gaurdian will sign on behalf of the minor. since the amount involved is rs. 1 Lakh only a simple gift deed is enough.
Your name and address as the person giving gift out of love and affection and stating the name and address of you niche and stating that since she is a minor you have appointed a gaurdian and his name and address and how the amounts has to be utilised or for whcih purpose the amount should be utilised.
Since the donee is a minor you have to appoint a guardin for the minor and the gaurdian will sign on behalf of the minor. since the amount involved is rs. 1 Lakh only a simple gift deed is enough.
Your name and address as the person giving gift out of love and affection and stating the name and address of you niche and stating that since she is a minor you have appointed a gaurdian and his name and address and how the amounts has to be utilised or for whcih purpose the amount should be utilised.
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