![]() ![]() The gift may be rendered invalid otherwise. Another key element to this step is that the acceptance of gift should happen during the life of the donor. Acceptance of the donee is recorded in the gift deed by the donee’s signature and is also substantiated by acceptance of possession of the gift. ![]() The next step is acceptance of the gift by the donee. The deed should also declare that the donor is solvent (not bankrupt) and that the gift is being made without any consideration. A gift can be movable or immovable property that is transferable and tangible.Īs gifting is a voluntary action, the gift deed should mention that the deed has been made voluntarily and out of the donor’s own choice without any force or coercion. Though it is not compulsory to execute a gift deed while gifting any asset, it does create a valid documentary record. ![]() A gift deed is a document that records the act of giving a gift and is executed between the donor (the person giving the gift) and the donee (person receiving the gift). ![]()
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