Question

According to the Transfer of property act 1882 differences between sale and gift

Answer 1

Answer:

Under section 122 of the Transfer of Property Act, 1882, you can transfer immovable property through a gift deed. ... But instead of a sale consideration in a sale deed, a gift deed allows you to transfer ownership without any exchange of money.

Answer 2

According to the Transfer of property act 1882 differences between sale and gift are -

1. the basic difference is the consideration. a sale is the transfer of the ownership of anything with the consideration (price) whereas, gift is the transfer of ownership without consideration (price).
2. the mode of transfer in case of a sale requires a deed whereas, the mode of transfer in case of gift is registration.
3. however, only one party is liable in both the case of sale and gift.