Details

A Gift Deed is a legal document used to transfer ownership of movable or immovable property from a donor to a donee without any exchange of money or consideration. It is executed voluntarily and is often done out of love, affection, charity, or goodwill. A properly drafted gift deed ensures a hassle-free transfer and eliminates future disputes.

Why is a Gift Deed Important?

A gift deed serves the following purposes:

• Legal Evidence: Acts as proof of the transfer of ownership from the donor to the donee.

• Tax Implications: Helps in availing exemptions under the Income Tax Act.

• Irrevocable Transfer: Once executed and registered, it is irrevocable unless challenged in court.

• Property Registration: Necessary for the registration of the gifted property in the donee’s name.

Key Clauses in a Gift Deed

1. Details of Donor and Donee: Full names, addresses, and relationship between both parties.

2. Description of the Property: Complete details of the gifted property.

3. Free Consent Statement: Declaration that the gift is made out of free will without any coercion.

4. Transfer of Ownership: Clear statement regarding the transfer of title and rights.

5. Acceptance Clause: Acknowledgement by the donee that they have accepted the gift.

6. Liabilities and Encumbrances: Statement that the property is free from any debts or encumbrances.

7. Witness Signatures: Signatures of witnesses to validate the deed.

8. Registration Details: Details of the registration process to make the deed legally enforceable.

Our Gift Deed Drafting Services

At eFiling Guru, we offer comprehensive drafting services to ensure your gift deed is legally sound and compliant with all statutory requirements. Our experienced professionals draft precise and legally binding gift deeds to secure the transfer without any future complications.

Our Process

1. Consultation: Understanding your requirements and gathering details of the gift.

2. Drafting: Preparing the gift deed with accurate legal language and clauses.

3. Review and Verification: Incorporating your feedback and making necessary revisions.

4. Execution and Registration: Assisting with the signing and registration of the deed.

Ensure a smooth and legally compliant transfer of ownership with our expert drafting services. Contact eFiling Guru today!