Gift Deeds | Explained
Legal

Gift Deeds | Explained

Gift deed is a legal document where a donor voluntarily transfers his assets to the donee. Assets may be property or properties or even money, which are transferred or given as a gift to the donee without any pecuniary (money) interest from the donee. The person making the gift must be solvent, and he must not make such gifts with the intentions of making any illegal gains or for evading tax.

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