I am resident in India, I want to gift of Rs.8,00,000/- to my brother who lives in Mumbai in her account. He has a son. I want to transfer the sum to his son. Could I do this ? 2) Is there any gift tax involved? 3) Is there any gift deed to be executed and registered before gifting or what is the time line? 4) Currently I am in dubai. Can I execute the deed later ?
Jan. 10, 2018