GIFT DEED
This deed of gift made this ______ Day of __________(month)
____________ (year) between;
Mr. __________________, Age ____years,
Resident of
_____________________
(Hereinafter called the
“Donor”) of the One part
And,
Mr/Miss
___________________, Age ____ years,
Resident of
__________________
(Hereinafter called
the “Donee”) of the other part.
Witnesseth as
follows:
1.
In consideration of natural
love and affection being son/daughter of Donor, the donor hereby assigns unto
the donee sum of Rs._____________ (amount) and to have and to hold the same
unto the donee absolutely.
2.
The possession of the Rs._____________(amount)
vide cheque No. ________Drawn on _____________________ , _____________ Branch
dated _/_/__ hereinabove donated unto the donee and has been physically handed
over to the donee as absolute owner before execution of this Gift Deed.
3.
The said gift of the
Rs.______________(amount) has been accepted by Mr/Miss
___________________________.
4.
The donor from this date
reserves no right or interest on the said sum hereby gifted which shall from
this day be the sole and exclusive property of the donee.
5.
The property hereby gifted is the donor’s
self-acquired property accumulated out of income earned and has full right and
authority to dispose off it any manner he may think fit.
In witness whereof, the parties hereto have put their respective
signatures on this deed of gift in presence of witnesses.
SIGNATURE, NAME AND Donor
ADDRESS
OF THE WITNESS
________________________
______________________
(______________________)
______________________
______________________
______________________
_________________________
_______________________
(__________________________)