{"id":16915,"date":"2020-09-25T15:08:25","date_gmt":"2020-09-25T09:38:25","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=16915"},"modified":"2021-03-25T14:34:45","modified_gmt":"2021-03-25T09:04:45","slug":"what-is-the-gift-deed-and-how-it-works","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/","title":{"rendered":"What is the Gift Deed and how it Works?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">A gift deed is an agreement to legally transfer the property (movable or immovable) and it is executed between the donor and donee. Though gift deed replicates the sale agreement to a greater extent, it cannot be executed in the presence of any consideration whatsoever. As the name suggests, the gift deed is strictly based on the volunteer transfer of the property and it doesn\u2019t lure any monetary arrangement. To execute a gift deed, there are certain things that an individual need to follow before legally transferring the asset\/property to their beloved ones. In this article, you will learn what the gift deed is and how it works in the real world.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#For_a_Gift_Deed_to_be_Valid\" >For a Gift\nDeed to be Valid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#What_is_the_Gift_deed\" >What is the Gift deed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#The_Gift_Deed_Encloses_the_Following_Clauses\" >The Gift Deed Encloses the Following Clauses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#List_of_Documents_required\" >List of Documents required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Particulars_Included_in_the_Gift_Deed_Executed_for_Immovable_Property\" >Particulars Included in the Gift Deed Executed for Immovable Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Particulars_Included_in_the_Gift_Deed_Executed_for_Movable_Property\" >Particulars Included in the Gift Deed Executed for Movable Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Stamp_duty_for_executing_gift_deed\" >Stamp duty for executing gift deed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Tax_exemption_for_gift_of_property\" >Tax exemption for gift\nof property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Can_a_gift_deed_be_revoked\" >Can a gift deed be\nrevoked?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Key_Points\" >Key Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Gift_deed_versus_will\" >Gift deed versus will<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Sample_Format_of_Gift_Deed\" >Sample Format of Gift\nDeed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/corpbiz.io\/learning\/what-is-the-gift-deed-and-how-it-works\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_a_Gift_Deed_to_be_Valid\"><\/span>For a Gift\nDeed to be Valid<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"619\" height=\"376\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-20.png\" alt=\"For a Gift Deed to be Valid\" class=\"wp-image-28150\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-20.png 619w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-20-300x182.png 300w\" sizes=\"(max-width: 619px) 100vw, 619px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Gift_deed\"><\/span>What is the Gift deed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Transferring\nproperty in India is a matter of legal affairs. In these matters, anyone who\nintends to transfer the ownership of the property to another person needs to\nexecute a legal contract that encloses comprehensive detail of the property,\napplicable clause, and involved parties. Under section 122 of the Transfer of\nProperty Act, 1882, the gift deed can be executed by the donor for transferring\nthe immovable property in the favor of the recipient.<\/p>\n\n\n\n<p>Gift deed is more or less identical to the sale deed but it is free from sale consideration. As per section 17 of the Registration Act 1908, anyone who wishes to voluntarily transfer the property to the done must\u00a0<a href=\"https:\/\/corpbiz.io\/gift-deed-registration\"><strong>register gift deed<\/strong><\/a>\u00a0with the sub-registrar, or else the transfer will be invalid. As soon as the gift deed is executed by the registrar, it cannot be revoked by the involved parties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Gift_Deed_Encloses_the_Following_Clauses\"><\/span>The Gift Deed Encloses the Following Clauses<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>A typical\ngift deed is incorporated with the given clauses. Those are as follows:-<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Consideration Clause<\/em><\/h3>\n\n\n\n<p>It shall be\nexecuted in the absence of any consideration whatsoever or else it would be\ndeemed as a sale.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Possession of Property<\/em><\/h3>\n\n\n\n<p>The donor\nmust be the absolute owner of the property. Without legal ownership of a\nproperty, the gift deed cannot be executed.&nbsp;\nIt should be an existing property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Free will<\/em><\/h3>\n\n\n\n<p>The presence\nof coercion or fear shall void the agreement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Detailed information about the\nproperty<\/em><\/h3>\n\n\n\n<p>The gift deed\nmust enclose brief information about the property available to the concerned\nparties of the transaction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>About Donor and donee<\/em><\/h3>\n\n\n\n<p>Gift deed\nmust manifest the relation between the donee and donor as it allows the parties\nto avail of a concession on stamp duty, particularly in the case of blood\nrelationships.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Rights and Liabilities<\/em><\/h3>\n\n\n\n<p>Gift deed\nmust incorporate with the rights of the donor and donee.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Delivery<\/em><\/h3>\n\n\n\n<p>The delivery\nclause typically includes the information about the mode, method, and delivery\ndate of the property.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><em>Revocation Clause<\/em><\/h3>\n\n\n\n<p> Modification of the gift deed is certainly impossible especially if it doesn\u2019t enclose any revocation clause. Though it is not mandatory, such a clause can help overcome future complications. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"List_of_Documents_required\"><\/span>List of Documents required<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>An original as well as the duplicate copy of the certificate is compulsory for the registration.<\/li><li>2 passport size photographs of witnesses, donor, and the donee.<\/li><li>Photo identification proof for all the involved parties such as voter\u2019s ID and passport.<\/li><li>Copies of incorporation certificate if the donor and the donee are not an individual.<\/li><li>Proof of the land register card to show that the property is not acquired by the government.<\/li><li>Copy of municipal tax bill to indicate the construction or built date of the land.<\/li><li>PAN card of the involved parties.<\/li><li>Signatures and passport size photos of all the parties.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Particulars_Included_in_the_Gift_Deed_Executed_for_Immovable_Property\"><\/span>Particulars Included in the Gift Deed Executed for Immovable Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Donor\u2019s declaration regarding the transfer of the ownership of the property.<\/li><li>Name and address of the witnesses along with their signatures.<\/li><li>Description of the property including the address where it exists<\/li><li>Estimate the value of the property<\/li><li>Name and address of the donee along with their signatures.<\/li><li>Name and signature of the donor.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Particulars_Included_in_the_Gift_Deed_Executed_for_Movable_Property\"><\/span>Particulars Included in the Gift Deed Executed for Movable Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>Donor\u2019s declaration regarding the transfer of the ownership of the movable property.<\/li><li>Name and address of the donor along with their signatures.<\/li><li>Description of the movable property<\/li><li>Bank detail plus address if gifting is done via cheque<\/li><li>Income tax number, if applicable.<\/li><li>Owner\u2019s declaration regarding the revocation, if applicable.<\/li><li>Name and address of the recipients along with their signatures.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stamp_duty_for_executing_gift_deed\"><\/span>Stamp duty for executing gift deed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After the drafting of the gift deed it shall be printed on the stamp paper of the appropriate value and get registered at the registrar office the stamp duty varies from state to state which is given as below: <\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  State\n  <\/td><td>\n  Stamp Duty\n  <\/td><\/tr><tr><td>\n  Delhi\n  <\/td><td>\n  Women-4% of the market value of property.\n  Man-6% of the market value of property.\n  <\/td><\/tr><tr><td>\n  Uttar Pradesh\n  <\/td><td>\n  6% for Women&nbsp;of the total value of the\n  property.\n  7% for Man of the total value of the property\n  <\/td><\/tr><tr><td>\n  Karnataka\n  <\/td><td>\n  Transfer is to non-family members; it is 5.6% of\n  the land value.\n  &nbsp;In case of family members, it can range from\n  Rs.1000\/- to 5000\/- depending upon the property location.\n  <\/td><\/tr><tr><td>\n  Maharashtra\n  <\/td><td>\n  Family members \u2013 3%\n  In the case of other Relatives \u2013 5%\n  If Agricultural land or residential property is\n  gifted, then it is Rs.200\n  <\/td><\/tr><tr><td>\n  Gujarat\n  <\/td><td>\n  4.9% of the total Market value of property.\n  <\/td><\/tr><tr><td>\n  West Bengal\n  <\/td><td>\n  Family Members-0.5%\n  In other cases-6%.\n  1% surcharge above 40lac.\n  <\/td><\/tr><tr><td>\n  Tamil Nadu\n  <\/td><td>\n  Family Members-1% and&nbsp;\n  Other relatives-7%\n  <\/td><\/tr><tr><td>\n  Punjab\n  <\/td><td>\n  In case of blood relative-None\n  &nbsp;Else 6% of property value.\n  <\/td><\/tr><tr><td>\n  Rajasthan\n  <\/td><td>\n  Women-4% and 3% in case of SC\/ST or BPL\n  Man-5%\n  Wife or daughter-1%\n  In case close family members like son, daughter,\n  in-laws, father, mother, grandson or granddaughter-2.5%\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_exemption_for_gift_of_property\"><\/span>Tax exemption for gift\nof property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The general rule is that\ngifts have to be declared in the Income Tax Returns (ITR). Thus, in case of\nimmovable property gift if its stamp duty value goes beyond Rs 50,000 and the\nproperty is received without necessary consideration then the person will have\nto pay tax. <\/p>\n\n\n\n<p>But the exception is that\nif\nthe property has been received from any of the given below list, then the donee\nwill not be taxed:<\/p>\n\n\n\n<ul><li>If the gift is received from relatives from a member or by an individual from a HUF.<\/li><li>If the gift is received by way of inheritance or under a will.<\/li><li>If the gift is received with the view in regard to the death of the payer or donor.<\/li><li>Where the gift is received on the marriage ceremony of the individual.<\/li><li>If the gift is received from an institution or trust registered under Section 12AA.<\/li><li>Where the gift is received from the local authority (as given in Explanation to Section 10(20) of Income Tax Act).<\/li><li>If received from any university, fund, educational and medical institution, foundation, any trust, hospital or other institution      referred in the Section 10(23C).<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_a_gift_deed_be_revoked\"><\/span>Can a gift deed be\nrevoked?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After the property has been gifted it cannot be revoked easily. However,\nas per the provision of Section\n126 of the Transfer of Property Act, 1882,&nbsp;revocation of a gift&nbsp;may be permissible under the given below\ncircumstances:<\/p>\n\n\n\n<ol><li>The\ndonor or done may agree upon the happening of specified event the gift deed shall be revocable but it shall not be on the will of donor.<\/li><li>If the gift deed was made due to\ncoercion or fraud.<\/li><li>If it is found that the gift deed was made on grounds that were immoral or illegitimate.<\/li><\/ol>\n\n\n\n<p>In these\ncases, even on the death\nof the donor his legal heir can proceed\nwith the revocation\nof gift deed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Points\"><\/span>Key Points<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li>It cannot be canceled once it is registered in the office of sub-registrar.<\/li><li>Anybody can go through the record of the transfer of property available at the concerned Sub-Registrar office. The inspection would allow the individual to get ascertain the legal status of the property for which the concerned parties want to execute the gift deed.<\/li><li>If the person wants to buy to property, they can inspect the available record for the same in the sub-registrar office to verify the legal status.<\/li><li>The immovable property does not attract sales tax. But an applicant needs to pay the registration fee and stamp duty as per the provisions given in the Indian Registration Act 1908 and the Indian Stamp Act 1899 respectively.<\/li><li>The movable property attracts both states as well as central sales tax as per the provision mention under the General Sales Tax Act and the\u00a0<strong><em>Central Sales Tax Act, 1956<\/em><\/strong><a href=\"https:\/\/ctd.tn.gov.in\/documents\/10184\/10928\/CENTRAL+SALES+TAX+ACT%2C+1956\/f6b71891-575e-4bca-a345-9779071498a5?version=1.2\"><strong><em><sup>[1]<\/sup><\/em><\/strong><\/a>.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Gift_deed_versus_will\"><\/span>Gift deed versus will<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>Gift deed<\/strong>\n  <\/td><td>\n  <strong>Will&nbsp;<\/strong>\n  <\/td><\/tr><tr><td>\n  Gift takes effect\n  during the lifetime of the donor.\n  <\/td><td>\n  Will takes effect only\n  after the death of the testator.\n  <\/td><\/tr><tr><td>\n  Gift cannot be revoked\/\n  \n  Gift can be revoked\n  only under specified circumstances.\n  <\/td><td>\n  A Will can be revoked several\n  times.\n  <\/td><\/tr><tr><td>\n  Registration of Gift is\n  mandatory under Section 123 of Transfer of Property Act, 1882 and Section 17\n  of the Registration Act, 1908.\n  <\/td><td>\n  It is not compulsory to\n  register a will.\n  <\/td><\/tr><tr><td>\n  Charges include stamp\n  duty and registration charges.\n  <\/td><td>\n  A\n  will is reasonably\n  cheaper.\n  <\/td><\/tr><tr><td>\n  Gift falls under the\n  Income Tax.\n  <\/td><td>\n  &nbsp;A will is governed by the Law of Succession\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sample_Format_of_Gift_Deed\"><\/span>Sample Format of Gift\nDeed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;A gift deed should be drafted properly and must include the details on\nplace and date on which it is to be executed. The related information and\ncomplete details concerning the donor and the done and about the property that\nis gifted. There must be two witnesses and their signatures.<\/p>\n\n\n\n<p>Subsequently, on the basis of the value as decided by the state government, the gift deed shall be printed on stamp paper after the payment of the requisite amount and the deed shall be registered at the registrar\u2019s office. The sample of the gift deed is given below:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"624\" height=\"883\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-21.png\" alt=\"Sample Format of Gift Deed\" class=\"wp-image-28152\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-21.png 624w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/03\/image-21-212x300.png 212w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Among all other methods of registering the property\u2019s transfer, It\u2019s certainly the most profitable option. Since it\u2019s mostly utilized for the voluntary transfer of the immovable property, it neither attracts state sales tax nor the central sales tax. CorpBiz\u2019s professional can help you obtain such a registration in no times through deliberative and holistic approach.\u00a0<a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a>\u00a0is a renowned name in the field in the licensing, governmental registration, and several other financial services.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/procedure-for-gift-deed-registration-a-step-by-step-guide\/\">Procedure for Gift deed registration: A Step By Step Guide\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A gift deed is an agreement to legally transfer the property (movable or immovable) and it is executed between the donor and donee. Though gift deed replicates the sale agreement to a greater extent, it cannot be executed in the presence of any consideration whatsoever. As the name suggests, the gift deed is strictly based [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":16927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1011],"tags":[1039],"acf":{"service_id":"284"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":8202,"readingTime":6,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16915"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=16915"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16915\/revisions"}],"predecessor-version":[{"id":28155,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/16915\/revisions\/28155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/16927"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=16915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=16915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=16915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}