There are some key factors in the process of making a Gift Deed. They are as follows:
The property which is being gifted should be without any compensation in return.
Both parties should be present when registering a deed, and the documents required for Gift Deed must be signed by them in the registration process.
The donor and donee must be above 18 years of age to register.
The property mentioned in the Gift Deed must be tangible and existing property.
The donor should be the sole owner of the property, which means they must have the title of ownership and must have every copy of the documents required for Gift Deed registration.
The property should be registered property, and the property papers can be given with the documents required for Gift Deed.
It should be checked by both parties and registered under the Indian Registration Act 1908.
Note: The documents can be sent through email info@lawhelpindia.in
The process of Gift Tax filing shall start only after receiving the complete set of documtents.