As a legal document, the gift deed is subject to the provisions of the Transfer of Property Act and the Registration Act of 1908.When it is necessary, a gift deed can be used to transfer a gift from one party to another. A gift deed is governed by Section 122 of the Transfer of Property Act of 1822. A gift deed involves two parties: the donor and the donee. The donor is responsible for the documentation. Any kind of property, whether flexible or permanent, can be transferred as a gift from the giver to the donee. As per the Indian […]