(A gift of movable property from a Donor to a relative, completed by delivery)
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 items
2.1 The Donor is an adult of sound mind and is the sole owner of the movable property described in clause 4 (the "Gifted Items"). The Gifted Items are not pledged, mortgaged or hypothecated, are not subject to any loan, charge or claim, and are not held for any other person.
3. Intention
3.1 Out of natural love and affection, the Donor wishes to give the Gifted Items 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 movable property described below (kind: Jewellery), out of natural love and affection and without any consideration in money or money's worth.
Jewellery: One gold necklace, about 40 grams; two gold bangles, about 30 grams in all; one pair of diamond earrings.
The Donor states the value of the Gifted Items as ₹3,00,000 (Rupees Three Lakh only), for record only. It is not a price and nothing is payable for it.
5. Delivery
5.1 The Donor has already handed over the Gifted Items to the Donee, who has taken possession of them, on 2 April 2026.
5.2 Along with the Gifted Items the Donor has handed over, or will hand over on that date, the keys, bills, certificates, registration papers and any other papers the Donor has for them.
6. Acceptance
6.1 The Donee accepts the Gifted Items, confirms that the Donee has taken, or on the date above takes, possession of them, and has accepted this gift during the lifetime of the Donor.
7. A gift, not a sale
7.1 This is a gift and not a sale, an exchange or a loan. Nothing has been paid or promised by the Donee, and the Donee does not have to return the Gifted Items.
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 has not given, sold or promised the Gifted Items to any other person, and will keep the Donee safe from any claim by a person who says otherwise.