Please guide if it is Possible to revoke Gift Deed

kartikraman
Posts: 18
Joined: April 4th, 2013, 2:53 pm

Please guide if it is Possible to revoke Gift Deed

Postby kartikraman » February 8th, 2015, 8:23 am

Please guide if it is Possible to revoke Gift Deed to avoid paying stamp duty . We want to return the property gifted by my father in law to my wife as we are moving. is this possible without paying stamp duty..

bsvinay
Posts: 5
Joined: August 17th, 2013, 8:12 pm

Re: Please guide if it is Possible to revoke Gift Deed

Postby bsvinay » May 14th, 2015, 11:17 pm

They should be able to cancel the Gift deed, if both parties agree. Or, just do another gift deed from daughter to father. That should work as well I think.

gopikrishnamr
Posts: 17
Joined: April 10th, 2014, 11:51 am
Location: GiriNagar I Stage, Bangalore-560085

Re: Please guide if it is Possible to revoke Gift Deed

Postby gopikrishnamr » May 16th, 2015, 2:37 pm

Gift deed cannot be cancelled by Donor or donee , if at all it is to be cancelled then the option is through Court.

devsathish
Posts: 8
Joined: February 14th, 2016, 1:12 pm

Re: Please guide if it is Possible to revoke Gift Deed

Postby devsathish » March 12th, 2016, 1:18 am

Consider GEneral Power of Attorney (GPA) as an option. Since you are moving, your father-in-law can continue the legal formalities (renting, managing etc)


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