Please guide if it is Possible to revoke Gift Deed

[kartikraman]

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]

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]

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

[devsathish]

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)