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Gift Deed


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A Gift Deed is a legal document used to transfer ownership of assets or property from one person to another. This is a transfer of ownership without the exchange of money. The giver is called the "donor", and the receiver is called "donee". This is a voluntary transfer of property rights. It is often used for gifting real estate, cash, or other valuable assets. The primary purpose of a Gift Deed is to legally establish the transfer of ownership and to protect the interests of both parties involved.

·       Transfer of Ownership

·       Tax Benefits

·       Avoiding Legal Disputes

·       Estate Planning

·       Emotional Significance

·       Title

·       Date

·       Parties Involved

·       Relationship Between Donor and Donee

·       Description of the Gift

·       Immovable Property

·       Movable Property

·        Declaration by the Donor

·       Acceptance by the Donee

·       Transfer of Ownership

·        Consideration Clause

·       Revocation Clause (if applicable)

·       Witnesses

·       Signatures


  • For Accounts Subject to Audit: The deadline is October 31st of the assessment year.
  • When Reporting with Form No. 3CEB: The due date is November 30th of the assessment year.
  • For Non-Audited Accounts: The deadline is July 31st of the assessment year.

How to Complete the ITR 6 Form

To ensure a smooth and accurate filing process for the ITR-6 Form, follow these recommended steps provided by the Income Tax Department:

  1. Part A
  2. Schedules
  3. Part B
  4. Verification

Adhering to this sequence helps organize your information and simplifies the completion of your income tax return.

No Documents Required

When filing the ITR-6 form, you do not need to attach any documents, such as TDS certificates. However, it is important to reconcile the taxes deducted, collected, or paid on your behalf by comparing them with your Tax Credit Statement Form 26AS.

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