(A gift of money from a Donor to a relative, made in cash or by bank transfer)
THIS DEED is made at Chandigarh on 1 April 2026.
BETWEEN
Gurpreet Singh, son of Harbans Singh, residing at X, PAN ABCPS1234K
(hereinafter called the "Donor", which expression includes the Donor's heirs and legal representatives, of the ONE PART)
AND
Gurpreet Singh, son of Harbans Singh, residing at X
(hereinafter called the "Donee", which expression includes the Donee's heirs and legal representatives, of the OTHER PART)
1. Relationship
1.1 The Donee is the son of the Donor. The Donee is the Donor's sister's son.
2. The money
2.1 The Donor is an adult of sound mind. The money gifted by this Deed belongs to the Donor absolutely. It is not borrowed, is not held for any other person, and is free of any charge or claim. It comes from: The Donor's own savings.
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.
NOW THIS DEED WITNESSES AS FOLLOWS:
4. The gift
4.1 The Donor HEREBY GIVES to the Donee, absolutely and forever, the sum of ₹5,00,000 (Rupees Five Lakh only) (the "Gift Amount"), out of natural love and affection and without any consideration in money or money's worth.
5. How the money is given
5.1 The Gift Amount has been given in cash, handed over to the Donee, on 2 April 2026.
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.
9.2 Any stamp duty or registration charge that is found to be payable on this Deed will be borne by the Donor.
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.
This notice is given under the Digital Personal Data Protection Act, 2023.