![]() Any person who is of a sound mind and is competent to enter into any agreement can be a donor. Who can be a donor and donee under Gift Deed in India?Ī donor is any person who makes the transfer of the immovable property. The following properties can be gifted by making a Gift Deed in India: Also, as per Section 17 of the Registration Act, 1908, it is mandatory to have a Gift Deed Registration in India when the donor wants to transfer the immovable property. donee voluntarily.Ī Gift Deed in India is valid only if such a gift is given out of love and affection, without any amount of consideration in return by one family member or friend to another. Under this Section the donor is eligible can transfer an existing movable or immovable property to the other person i.e. In India a Gift Deed is a legally binding written document defined under Section 122 of the Transfer of Property Act, 1822. In India Gift Deed is a legal document that represents the transfer of gift from one person to other according to the provisions of the law. ![]()
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