Is it mandatory to get NOC for a gift deed?
- Under the relevant provisions of the Transfer of Property Act, 1882, ‘gift’ is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person—the donor—to another—the donee—and accepted by or on behalf of the donee
Is it mandatory for people to obtain a no-objection certificate (NOC) from their family members for any gift deed received by them?
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