Gift Deed
Quick. Secure. Legally Binding.
4.9 (87 reviews)
Last Updated: June 2025
What is a Gift Deed?
A Gift Deed is a legal document used to voluntarily transfer movable or immovable property from one person (donor) to another (donee) without any exchange of money.
Commonly used for gifting property between family members, a registered Gift Deed ensures the transfer is irrevocable, tax-compliant, and legally valid under Indian law.
📜 Service Description
A Vakilify-drafted Gift Deed typically includes:
Donor & Donee Details – Names, relationship, and identity proofs
Property Description – Location, boundaries, ownership details
Voluntary Transfer Clause – Confirms gift is given without consideration
Rights & Acceptance – Donee’s acceptance, possession terms
Legal Clauses – Stamp duty info, irrevocability, liabilities
Witness Signatures – Two required for registration
Registration Support – Assistance with Sub-Registrar office, if needed

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Gift Deed
🏛Laws Governing Wills in India
Your deed will comply with:
Transfer of Property Act, 1882
Indian Stamp Act, 1899
Registration Act, 1908
Income Tax Act, 1961 (Section 56 for gift exemptions)

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FAQ’S
Frequently Asked Questions
To transfer property or assets without any money or sale involved.
No. For immovable property, registration is mandatory to be legally valid.
In most cases, no — once registered, a Gift Deed is irrevocable.
Any legal owner of property can gift it voluntarily to a relative, friend, or organization.
Yes, but concessional rates often apply for close relatives (varies by state).
Gifts from close relatives are exempt, others may be taxable under Income Tax Act.
Yes, Gift Deeds can cover jewelry, shares, cash, or other movable assets.
Typically, the draft is delivered in 2–3 working days, registration depends on your local Sub-Registrar schedule.