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Format of Gift Deed

This gift deed summarizes a financial gift from a donor to a recipient. It states that the donor, [donor's name], is gifting Rs. [amount] to their [relationship] [recipient's name]. The gift is being provided out of love and affection from the donor's own bank account. No other consideration is involved beyond familial affection. The donor confirms they are an Indian resident and income tax assessee who earned the gifted funds through past savings from their profession in India. The gift is being provided via check number [number] from [bank] and is irrevocable, with no remaining claims by the donor on the funds.

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milindk35
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983 views2 pages

Format of Gift Deed

This gift deed summarizes a financial gift from a donor to a recipient. It states that the donor, [donor's name], is gifting Rs. [amount] to their [relationship] [recipient's name]. The gift is being provided out of love and affection from the donor's own bank account. No other consideration is involved beyond familial affection. The donor confirms they are an Indian resident and income tax assessee who earned the gifted funds through past savings from their profession in India. The gift is being provided via check number [number] from [bank] and is irrevocable, with no remaining claims by the donor on the funds.

Uploaded by

milindk35
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Gift Declaration: This section outlines the donor's declaration of gifting, including the donor's details, the recipient, and the terms of the gift.
  • Acceptance: This section records the acceptance of the gift by the receiver, including confirmations and witness endorsements.

GIFT DEED

I, _________________ (name of donor), S/o _________________ (fathers name), R/o


_____________________ (address), do hereby on dated __________ make a gift-deed
for a gift made on dated of ___________, Rs. ______/- (Rupees in word) out of love and
affection to my ____________ (mention the relationship & name of receiver), S/o or
W/o _______________, R/o _________________________.
I confirm that I am a resident Indian. I, further confirm that this gift is being made out of
my own

funds

standing to

the credit

of my A/c No.- __________

in

____________(mention the Bank name & address).


I, further confirm that the consideration for this gift is the love and affection for my
____________________ (mention the relationship & name of receiver) and no other
consideration.
I am an Income Tax assessee having PAN/GIR # A-984 / N and assessed with Income
Tax ward 1, Noida and this gift is made out of my past savings from profession in India.

Strictly Confidential

P A R Y & Co.

I further confirm that the gift has been made by Cheque No ___________ dated _______
drawn on ___________________________ (mention the Bank name & address). This
gift is irrevocable and I have no claim left whatsoever on the said gifted amount and
he/she is free to utilise it in any manner.

PLACE:
DATED:

_______________________
(Donor name)

Witness:
The gift as stated above is accepted
______________________
(Name of receiver)

Strictly Confidential

P A R Y & Co.

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