GIFT DEED

HINDU LAW

CONDITIONS

MUST BE VOLENTARYPOSSESSION MUST BE ACCEPTED BY THE DONEE DURING THE LIFETIME OF THE DONORIF DONEE DIES BEFORE ACCEPTANCE GIFT BECOMES VOID

CONDITIONS

NO CONSIDERATIONMOVABLE AND/OR IMMOVABLEEXISTING PROPERTYATTESTED BY AT LEAST TWO WITNESSESS

CONDITIONS

GIFT CAN BE MADE IN FAVOUR OF MINORIT CAN BE ACCEPTED BY THE FATHER/GUARDIANSECTION 11 OF THE INDIAN CONTRACTS ACT 1872 WILL NOT BE ATTRACTED

PROVISIONS OF LAW

TRANSFER OF PROPERTY ACT 1882Sections 122 -129

STAMP DUTY AND REGISTATION

IMMOVABLE PROPERTY

BOTH COMPULSORY

MOVABLE PROPERTY

DELIVERY OF THE PROPERTY IS SUFFICIENT

NO REGISTRATION REQUIRED

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