FORMAT OF HUF
GIFT DEED
I,
……………………………………….. aged …… Indian Inhabitant of Mumbai residing at ……………………………………………………………………………..
do hereby declare as under:
1. That I have gifted a sum of Rs. ……………/-
(Rupees ………………………………………………………Only) by cash on this …..th day of …………………………….,
20……… to “…………………………..” being HUF of my son
……………………………………………………..
2. The said “…………………………….HUF” having its
address at ………………………………………………………………………….; consists of the following co-parceners/members
viz. a) ………………………………….- Karta of HUF, b)
…………………………..- Wife of Karta, c) …………………………………….. – Son of Karta
3.
The above referred amount of Rs. ……………………………/-
is my individual and self acquired asset and the said amount is given by me out
of natural love and affection towards the Hindu Undivided Family of my son …………………………………………….
and the said amount is given without any past, present and future consideration
or expectation of benefit and without any condition.
4.
That henceforth, I have no right, title or
interest in the said amount which I am gifting to the Hindu Undivided Family of
my son.
5.
That Mr. ………………………………. has received and
acknowledged the receipt, the said amount of gift as Karta of the family and
that said family is entitled to receive and enjoy its income or is entitled to
gift, transfer or dispose of the said amount as its like and I have no claim
whatsoever on the said amount or its income.
6.
That I am regularly assessed to Income tax
and my PAN is …………………...
7. That the above statements are true and
correct to the best of my knowledge and belief.
8. This
Declaration is made on ……th day of ……………………, 20……..
.......................................
(Declarant)
The gift as stated above is accepted
.........................................
(Name of receiver)
.......................................
(Declarant)
The gift as stated above is accepted
.........................................
(Name of receiver)
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