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Secure your property transfer with a legally sound Gift Deed.
A Gift Deed is a legal document that transfers ownership of a property from one person (the donor) to another (the donee) as a gift, without any exchange of consideration (money or other valuable goods). It is essential to draft a Gift Deed carefully to ensure its validity and avoid future disputes.
A well-drafted Gift Deed covers essential details including:
Gift Deeds are governed by various laws, including:
A Gift Deed is a legal document that transfers ownership of property from one individual (the donor) to another (the donee) without any exchange of money. It can be used for gifting immovable property like real estate, as well as movable assets like money or jewelry.
A Gift Deed is important to:
Yes, registration of a Gift Deed is necessary if the gift involves immovable property (like land or a house). The deed must be signed in front of a registrar and stamped to be legally valid. For movable property, registration is optional but still recommended to prevent future disputes.
In India, for instance, the recipient of a gift may be liable to pay tax under the Income Tax Act if the value of the gift exceeds a certain threshold (currently ₹50,000). The taxability depends on the relationship between the donor and donee, as well as the nature and value of the gift.
In India, for instance, the recipient of a gift may be liable to pay tax under the Income Tax Act if the value of the gift exceeds a certain threshold (currently ₹50,000). The taxability depends on the relationship between the donor and donee, as well as the nature and value of the gift.
Absolutely. We ensure full confidentiality and protect your personal and business information as part of our professional commitment.
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Justo nibh nulla pretium sollicitudin eu sit class ultrices taciti amet cubilia. Congue venenatis facilisi sodales dui ligula elementum eros dictumst at. Senectus cursus quam vehicula euismod turpis nibh mollis fusce sagittis parturient montes. Conubia eu suspendisse quis donec leo magnis class nam dictumst. Ultricies class primis proin felis inceptos.
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