We usually hear about gift being presented to one another on occasion of marriage, birthdays, anniversaries etc, the gifts are usually presented on such occasions are material gifts which can be delivered immediately. However, one may also choose to gift immoveable property, hence it may be good to know and understand what the law says about gift of immoveable properties. What according to law is a ‘gift'? As per the Transfer of Property Act, 1885, Section 122 of the Act, defines gift as "gift is the transfer of certain existing moveable or immoveable property made voluntarily and without any consideration…
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