All guides and expert articles for gift deed — written by our NRI legal team.
A Gift Deed is a legal document that facilitates the voluntary transfer of ownership of property or assets from one person (the donor) to another (the donee) w…
Get a detailed guide on Stamp Duty on Gift Deed in Blood Relation. Learn about registration, required documents, and benefits for NRIs and resident Indians.
Explore this guide for NRIs gifting to residents in India. Learn about gift deed registration, stamp duty, and tax implications to ensure compliance.
Explore the various methods to transfer assets to legal heirs, including gift deeds, family trusts, wills, settlement deeds, and joint ownerships. Learn about…
Learn the essential rules for gifting monetary assets and property to NRIs. Understand tax exemptions, FEMA compliance, and legal norms for smooth transactions.
Compare the pros and cons of gifting vs inheriting property through a will. Learn about tax implications, legal processes, and the benefits of each method.
Explore scenarios where gift deeds facilitate asset transfers by NRIs, including property, tax planning, family businesses, and cross-border estate management.
Compare the key differences between a will, gift deed, and relinquishment deed in terms of execution, registration, stamp duty, revocation, and tax implication…
Discover the legal aspects of revoking a gift deed as outlined in Section 126 of the Transfer of Property Act, 1882. Understand agreements, exceptions, and com…
Learn about the properties that can be transferred through a gift deed in India, including immovable and movable assets. Understand compliance requirements for…
A Gift Deed is a legally binding instrument used by NRIs to transfer ownership of immovable property in India to family members without monetary consideration. Registered under Section 17 of the Registration Act of 1908, executed gift deeds between specified blood relatives are exempt from Indian income tax under Section 56(2)(x), making it a favored mechanism for family succession.
No. Under Section 56(2)(x) of the Income Tax Act, gifts between defined linear relatives (spouse, parents, siblings, children) are exempt from income tax in India.
Yes. Under Section 123 of the Transfer of Property Act, a gift of immovable property is legally valid only if executed via a registered deed signed in the presence of two witnesses.
Yes. An NRI donor can authorize a trusted family member or legal representative in India via a consulate-attested and apostilled Power of Attorney to execute and register the deed.
