The Ultimate Legal Guide to Gifting Property in India

A Gift Deed in India is a legal document used to voluntarily transfer property (movable or immovable) from a donor to a donee without any monetary exchange. Governed by the Transfer of Property Act, 1882, it requires registration under the Indian Registration Act, 1908 to be valid. A Gift Deed offers legal proof of ownership transfer, helping avoid disputes. It provides tax exemptions for gifts to relatives and gifts received on special occasions. This guide covers the procedure, required documents, and legal implications of creating, registering, and potentially revoking a Gift Deed in India, ensuring smooth property transfers.