A gift deed is an agreement used when a person wishes to gift his asset (property or money) to someone. It is the transfer of certain existing (not future) moveable or immoveable property made voluntarily and without any consideration from one person (called ‘donor’) to another (called ‘donee’). As per law, the title in a property cannot be delivered without a written instrument even when its value is small. Therefore, such deed is important to obtain and execute .
As per my view there is no defined format of gift deed in case of a gift by son to his father. But as per section 22 of Transfer of Property Act, a gift deed shall have the following essential elements:
Transfer of Property
No consideration (as it is just a gift)
Acceptance by the done
Thus a person can make a gift deed based on the above elements in it and shall be accepted by a donee.