Transfer deed/gift deed

Be clear in the facts vis-a-vis query (if any) and avoid posting question paper.

Are you intersted in the template or curious about knowing the law involved in your subject. 

A gift deed is an agreement used when a person wishes to gift his asset (property or money) to someone. It is the transfer of certain existing (not future) moveable or immoveable property made voluntarily and without any consideration from one person (called ‘donor’) to another (called ‘donee’).

If the individual person receives Gift from following persons are exempt from tax

Father         Grand Father

Mother        Grand Mother 

Brother           Great Grand Father 

Sister             Great Grand Mother

Son                 Daughter’s Husband

Daughter          Son’s Wife

Grand Son          Wife’s Father

Grand Daughter          Wife’s Mother

Husband                 Husband’s Father

Wife                        Husband’s Mother

Sister’s Husband         Wife’s Grand Father

Brother’s Wife            Husband’s Grand Mother

Wife’s Brother                Husband’s Grand Father

Wife’s Sister                    Wife’s Grand Mother

Husband’s Brother            Wife’s Great Grand

Father Husband’s             Sister Husband’s

Great Grand Mother               Mother’s Brother

Husband’s Great Grand Father                Mother’s Sister

Wife’s Great Grand Mother               Mother’s Sister

Husband Brother’s Wife              Wife’s brother’s wife

Mother’s Brother’s Wife               

Father’s Brother

Husband’s Brother’s               

Wife Father’s Brother’s

Wife Father’s Sister’s               

Husband Father’s Sister
 

Thank you very Mr. Kalaiselvan! your clarification on relationship is helpful. The template applicable in Haryana is Transfer Deed within Blood Relations.

What are the facts? Stamp duty and concessions thereto varies fron State to State,