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Gift Deed of Money

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GIFT DEED OF MONEY

(A gift of money from a Donor to a relative, made in cash or by bank transfer)

BETWEEN

__________, __________ __________, residing at __________

(hereinafter called the "Donor", which expression includes the Donor's heirs and legal representatives, of the ONE PART)

AND

(hereinafter called the "Donee", which expression includes the Donee's heirs and legal representatives, of the OTHER PART)

RECITALS

1. Relationship

2. The money

3. Intention

3.1 Out of natural love and affection, the Donor wishes to give the money described below to the Donee, without receiving anything in return.

OPERATIVE PART

NOW THIS DEED WITNESSES AS FOLLOWS:

4. The gift

5. How the money is given

6. Acceptance

6.1 The Donee accepts the Gift Amount, confirms that the Donee has received it in full, and has accepted it during the lifetime of the Donor.

7. Not a loan

7.1 The Gift Amount is a gift and not a loan. The Donee does not have to repay it, no interest is payable on it, and the Donor has not been given, and has not been promised, anything in return.

7.2 The gift is complete. It cannot be taken back by the Donor at the Donor's will.

8. Donor's declarations

8.1 The Donor makes this gift freely, without pressure from any person, and after understanding what this Deed does.

8.2 The Donor declares that this gift does not leave the Donor unable to pay the Donor's lawful debts.

9. Tax, stamping and costs

9.1 Any tax, return or declaration that the law requires because of this gift is the responsibility of the person on whom the law places it. This Deed does not state or decide any tax position.

10. Governing law

10.1 This Deed is governed by the laws of India. The courts where the Donor lives have jurisdiction over any dispute about it.

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

The purpose of collecting personal data in this Deed is to identify the Donor and the Donee, record the relationship, the amount, the way it was given and the acceptance, and keep a record of the gift.

If the matter does not proceed, the personal data will be retained for 90 days and then erased. If the matter proceeds, the record will be retained for the matter plus 12 months, except where a statute requires a longer named retention period.

Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials.

SIGNATURES

SIGNED by the Donor

_______________________________

__________ — DONOR

SIGNED by the Donee, in token of acceptance

_______________________________

WITNESSES, each of whom has seen the parties sign this Deed. No witness is a party to it.

Witness 1

Signature: _______________________________

Witness 2

Signature: _______________________________

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