Hi Guys,
I have seen the working sample of a gift deed, which is this
GIFT DEED
I, _________________ (name of donor), S/o _________________ (father’s 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 2 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
I have a few questions.
1. Who should the witness be? Is it mandatory? Or will just the signature of the donor be fine?
2. I need to exclude this part - 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 2 P A R Y & Co.
It is impossible to find and provide such information in my country.
And my question is will the gift deed still have the same impact without this info?
3. Is it a good idea to somewhat edit the text and rewrite it in different words so that it is not a copy/paste? Or is this some kind of official writing standard for a gift deed?
I would appreciate any help on this matter. Thank you.
I have seen the working sample of a gift deed, which is this
GIFT DEED
I, _________________ (name of donor), S/o _________________ (father’s 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 2 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
I have a few questions.
1. Who should the witness be? Is it mandatory? Or will just the signature of the donor be fine?
2. I need to exclude this part - 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 2 P A R Y & Co.
It is impossible to find and provide such information in my country.
And my question is will the gift deed still have the same impact without this info?
3. Is it a good idea to somewhat edit the text and rewrite it in different words so that it is not a copy/paste? Or is this some kind of official writing standard for a gift deed?
I would appreciate any help on this matter. Thank you.
