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Gift Deed ????? Income Tax ???? ????? - Relative ?? Gift ???? ???? ???? ???? - Expert CA SachinIf you wish to transfer your share in the house to your brother, you may do so by executing a gift deed in favour of your brother with respect to your half. A Deed of Gift is a legal document used to give a gift of property or money to another person. Buy and download a template from The Legal Stop. It shows a voluntary transfer of cash from one person to the other as a gift. This deed specifies the amount of money that is to be transferred and conditions.