Gift Deed

Gift Deed

Declaration of gift made by ________________________

To the Hindu Undivided Family of ___________________

I,[Name of person], residing at [Address]_______________________ ____________________________________________________________, do hereby declare and affirm as under:

1. That out of natural love and affection borne by me towards the Hindu Undivided Family of ______________________________, I have made a gift of Rs.______ (Rupees _________________ only) as per the following details:

By Cheque No.________, dated __________, drawn on Bank ____________________, ________________ Branch, in favor of ________________________ HUF.

2. The above Gift has been duly accepted by ________________________, as Karta of his Hindu Undivided Family and has been duly acknowledged hereunder.

3. This Declaration of Gift is made to record the fact that I have made this Gift in favor of the Donee as above, who now has the absolute right, title and interest in the gifted amount.

Date: ___________

Signature of the Donor)

ACKNOWLEDGEMENT OF GIFT

I, ________________________( Name of person ), hereby acknowledge having received the above gift made to my Hindu Undivided Family by _________________________.

Date: ___________

(Signature of the Donee
as Karta of his HUF)

This deed of gift is made and executed at [Name of place] on this [Date, months and year] by and between:

1. ——————– W/o/S/O ————————- aged about ——- years resident of …………………( hereinafter referred to as the DONOR and the party on the FIRST PART ).

and :

2. ————————– HUF, ADDRESS…………. comprising the family members ………………..(Karta), his wife ————————, his son …………………AND……………….RESIDENT…………..(hereinafter referred to as the DONEE and the party on the SECOND PART).

WHEREAS the Donor is the wife of brother in law of karta of the Donee and is highly affectionate to him;

AND WHEREAS the Donor out of natural love and affection towards the Donee have made a gift of Rs………………………/– (in words……………) by way of account payees Cheque no …………….dated …………. drawn on …………………….Bank Ltd, ……………………… ;

AND WHEREAS the Donee has accepted the said Cheque;

AND WHEREAS the Donor and Donee desires to deduce the covenants of this gift into writing ;

This deed now witnessed as under:-

1. That the gift so made is without any material consideration and is absolute.

2. That the donee has accepted the same by his free will.

3. That the gift is irrevocable in any circumstances.

IN WITNESS WHEREOF the donor and the within mentioned donee put their respective hands in taken of their having accepted the terms and conditions on the day, month and year first mentioned.

Witnesses Signature

1.

DONOR

Accepted

2.

DONEE