Under Indian law, for a gift to be valid, the donor must be competent to make it, meaning they should be of sound mind and legally capable. The gift must be made voluntarily, without any exchange or consideration. There must be a clear intention from the donor to transfer ownership of the property to the donee. The donee must accept the gift during the lifetime of the donor. The property being gifted should be certain, identifiable, and capable of being transferred. Lastly, the gift must be delivered or physically transferred to the donee to complete the process. Gifts made through a will or after the donor's death are not considered valid gifts under this law.

Competency of donor
Major in age
Soundness of mind
Acceptance by donee
Intention must be clear
Free consent
Without consideration