How immovable property is transferred in case of a DMC. Relinquishment attracts same duty as sale deed. However, gift deed attracts less duty.
As per one school of thought, gift can only be made out of natural love and affection. However, there's one more school of thought which says that Transfer of Property act does not contain a requirement of natural love and affection.
Is there any other cost effective mode... would want to have the property trfd before moving for 1st motion.
Can somebody please guide.
