Gift Deed Drafting Guide

Summary

A gift deed for transferring cash from parents to their son in Maharashtra should include the Acceptance of Gift clause. This clause confirms the donees acceptance of the gift. The deed should also state that the transfer is voluntary, irrevocable, and made out of natural love and affection without any consideration. Legal compliance with local registration laws is necessary.

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only mandatory clause to be added
The only mandatory clause that needs to be added to a gift deed for gifting cash from parents to their son in Maharashtra is the "Acceptance of Gift" clause:
- Acceptance of Gift: The Donee hereby accepts the said gift of ₹________ (Rupees ________ only) from the Donor.
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