What is a gift deed? Some simple points for easy understanding | Business
Gift deed: Want to give your loved ones a special gift? A gift deed in India can make sure the transfer is smooth and secure, whether it's a family heirloom or a valuable property. Here’s how you can make use of gift deeds to transfer your wealth: What's a gift deed?A gift deed is a document that officially records the transfer of an asset (like jewellery, a car, or even land) from you (the donor) to the recipient (the donee).It serves as concrete proof of your generous intentions and prevents potential misunderstandings down the line. Why use a gift deed?While not mandatory for all gifts, a gift deed offers several advantages:Clarity and security: The document removes any uncertainty about the transfer by clearly stating the gift details and the recipient's acceptance, minimising the cha...
