dear sir n req to all lawers pls reply
some are saying a gift deed can not be cancelled den whts dis,,
A gift deed transfers the ownership of real property to a new owner for no consideration. The former owner no longer has any authority over the property. It has a new owner. The deed cannot be "cancelled" by the former owner.
A gift deed can be nullified by a court order for several reasons that include the following:
- undue influence
- fraud or forgery
- conveyance to avoid creditors
- alterations in deed after execution
pls reply dat if donee has paid stamp duty in case of transfer of property den on cancellation his money paid for stamp duty goes null. hey is that our law...