Legal Aspects of Gift Deeds in India: A Complete Breakdown

A Gift Deed in India is a legal document that allows a donor to transfer property to a donee without monetary exchange, governed by the Transfer of Property Act, 1882. Unlike a will, it provides an immediate, legally binding transfer of ownership once registered under the Indian Registration Act, 1908. Gift Deeds can include both movable (jewelry, shares) and immovable (land, houses) property. They offer tax exemptions for gifts to relatives and can be canceled under specific conditions, like mutual consent or fraud. This guide covers the registration process, documents required, legal benefits, and revocation procedures.