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Can a property given by Gift deed, taken back by the same person
06-Nov-2023 (In Documentation Law)
My grandmother gifted some properties to her kids with love and affection without any condition on 2002.can she retake or cancel that gift by anyway ?
Why she cancel the gift and resume the property? The Senior Citizen's Act enables the grandmother if the gift was made conditional to the beneficiaries taking care of the donor. Recently, ther have been decisions which enables the senior citizens to do so even in the absence of express conditions.
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Adv. P Venu
Vaikom | 500+ Answers
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Can someone take back gifted property?
The Indian Contract Act of 1872 governs gifts. The law states that a gift made to the recipient and accepted is not revocable. 27 March 2023
What is the holding period in case of gifted property?
Listen to this: If the property is not a gift, then the holding period will be calculated from the date the gift was received. The period of holding is calculated from the date that your father originally purchased the property. 28 Aug 2023
Can we sell gifted property immediately?
Listen to this loudly: Yes, the property that is the subject of a gift deed can be sold. However, it must be registered according to the laws and without any conditions. It is important to register it under the name of the recipient because the gift deed has the same value as a sale.
What is the time limit for gift deed cancellation?
Listen to this loudly Accordingly, the maximum time for canceling a gift deed and regaining ownership is 12 years, from the date adverse possession is discovered, even if there is an excuse. For peace of mind, trust our legal consultation to help you navigate Gift Deed cancellation.
My grandmother gifted some properties to her kids with love and affection without any condition on 2002.can she retake or cancel that gift by anyway ? Yes possible, she can register a cancellation deed.
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Adv. Jayakrishna K V
Trivandrum | 25+ Answers
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