Legal HubGift Deed Rules
Gift Deed Rules
Complete 2025 Guide
Gifting property to family members - legal requirements
Last Updated: 2025-01
What is Gift Deed?
Legal document for transferring property ownership without consideration. Common for family property transfers.
Tax Implications
Gifts to specified relatives are tax-free. Gifts to non-relatives above ₹50,000 are taxable in recipient's hands.
Stamp Duty
Varies by state. Some states offer concessions for family transfers. Registration is mandatory.
NRI-Specific Rules
NRIs can gift property in India. Gift deed must be registered. POA can execute gift deed on NRI's behalf.
Important Warnings
- Gift to non-relatives may attract tax
- Stamp duty varies by state
- Registration is mandatory
- Cannot revoke registered gift deed