LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ch Govardhan reddy   25 December 2019

gift property return

i want to know how to get gifted property return to mother ?


Learning

 7 Replies

Adv Deepak Joshi +917017821512 (Advocate)     26 December 2019

post complete facts, as of today gifted property can be claimed back

G.L.N. Prasad (Retired employee.)     26 December 2019

Who is having the original deed and who is enjoying the proceeds, what is the background for giving gift, whether mother can relinquish her rights and can give back that gift to you etc. are points to be considered.  Only prudent local lawyer can give you guidance after studying the gift deed.

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108)     26 December 2019

OPTION-1:

1. The Person who is holding the Gifted Property, can execute another registered Gift Deed in favor of Mother and the property can be reverted back to mother.

OPTION-2:

2. The Gift Deed executed earlier can be rescinded /revoked /cancelled, by executing a registered "Declaration Deed" by "mutual consent joint signatures" of both the original Donor (Gift Giver) and the Donee (Gift Receiver) and the Gifted Property can be reverted back to Mother.

Keep Smiling .... Hemant Agarwal
VISIT: www.chshelpforum.com

T. Kalaiselvan, Advocate (Advocate)     26 December 2019

If your mother had transferred the property by executing a registered gift deed in favor of the donee, and if this transaction is within three years from this date, the donor and the donee i.e.,m your mother and the beneficiary can execute  registered cancellation deed jointly by which the property will automatically revert to your mother's name.

If the donee is not cooperating or he is not willing to return the gifted property then he may file a suit for cancellation of the registered gift deed for the reasons she may rely upon, however it would be a very lengthy process and the success rate is very low.

 

P. Venu (Advocate)     26 December 2019

Why the return of the gifted property? Please post the material facts.

Shashi Dhara   26 December 2019

Regift it back it to her with love and affection as most obedient child..

Dr J C Vashista (Advocate)     27 December 2019

Why to return gifted property ?

Why it is being asked back ?

Who have the problem and seeking revocation of gift deed which is otherwise irrevocable ?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register