Gift deed of jewellery describes the voluntary transfer of movable property i.e. jewellery from the donor (owner) to donee (receiver of gift) without any exchange of money.
It specifies the value of gift i.e jewellery and conditions if any applicable on gift. So, it helps in determining whether the gift will be taxed or not. Also, if the condition is
not fulfilled, your gift can be revoked.
A gift of movable property i.e. jewellery may or may not be registered. But delivery of the property and acceptance of it are essential to consider it a legally valid deed.
Use this agreement if
You want to gift some kind of jewellery to anyone.
Someone is gifting you any kind of jewellery.