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Create a Gift Deed (Movable Property)
What this document does
Records a completed gift of MOVABLE property — money, gold and jewellery, valuables, a cherished possession — made voluntarily, without consideration, out of natural love and affection, and accepted by the donee during the donor's lifetime (Sections 122–123, Transfer of Property Act 1882: a movable gift completes by delivery, so this deed is the evidence of a gift the law lets delivery make). Carries the identifiable schedule of what is given with approximate values, the delivery record — for money, the bank or UPI reference, the same evidence discipline as the Money shelf — the donor's ownership and solvency confirmations, and express irrevocability. The relationship field matters beyond sentiment: gifts from specified relatives sit outside Section 56(2)(x) of the Income-tax Act, while gifts from others are taxable in the donee's hands once the year's aggregate crosses the threshold — guidance the assistant gives, never a recital in the deed. IMMOVABLE property is expressly out of scope: a gift of land or a flat is valid only by registered instrument, attracts ad-valorem duty, and is excluded from e-signature — that instrument waits, and a request for it goes to counsel. Gifting a vehicle also needs the RC transferred — the Vehicle Sale Agreement's transfer choreography applies even when the price is nil. For dividing family assets among members, use the Memorandum of Family Settlement; for what happens after a death, the Legal Heir Declaration.
The gift
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Gift Deed (Movable Property)
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What else is in it — 7 clauses, 1 optional
- 01
Introduction
The preamble: the Donor and Donee with the recital wording their entityType selects, and the recitals that make a gift a gift — absolute ownership, natural love and affection (with the relationship stated where there is one), no consideration, and the Donee's willingness to accept.
- 02
The Gift
The operative clause: the Donor voluntarily gives the movable property in the Schedule to the Donee, without any consideration, absolutely — with the Schedule rendered as a numbered list of identifiable items and their approximate values.
- 03
Delivery and Acceptance
What makes a movable gift complete under Section 123: delivery — already made, made on execution, or (for money) by banking-channel transfer with the reference recorded — and the Donee's acceptance during the Donor's lifetime, stated on the face of the Deed.
- 04
Donor's Confirmations
The short warranties a gift needs: sole ownership and the right to give, freedom from encumbrances and third-party claims, and that the gift does not render the Donor unable to meet the Donor's own debts — the sentence that protects the gift against a later challenge by creditors.
- 05
Irrevocability
The gift is absolute and irrevocable — expressly not revocable at the Donor's mere will, which Section 126 makes void anyway — leaving only the narrow statutory grounds every gift carries.
- 06
Governing Law and Dispute Resolution
Applicable law, jurisdiction, and dispute resolution mechanism (courts or arbitration under Indian law).
- 07
General Provisions
The closing machinery for a deed of gift: the whole understanding recorded, notices, severability, counterparts, who bears the stamp duty (the Donor by default — the giver completes the gift), and the relationship confined to donor and donee.
After it is drafted
Get the stamp paper
Buy non-judicial stamp paper of the value your state prescribes, and print the document on it.