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of <h1>Understanding Actionable Claims: Transfer Rules for Unsecured Debts and Beneficial Interests under Transfer of Property Act, 1882</h1> An actionable claim, as defined in the Transfer of Property Act, 1882, refers to a claim to any unsecured debt or beneficial interest in movable property not in the claimant's possession. Such claims can be transferred with or without consideration. Transactions involving actionable claims, like unsecured debts, are not considered services unless fees are charged during the transfer. Secured debts, such as mortgages, are treated as transactions in money, but service fees on these are taxable. Beneficial interest in movable property involves rights or expectations, like income from property, and is only considered an actionable claim if transferred for consideration. Vouchers for services do not constitute actionable claims.
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