Gift deed Resident indian donor and NRO donee
Hi, I am a NRI living currently outside India. My mom is an Indian resident. She wants to gift me some amount of INR and for the same she would deposit the amount in my NRO account. My eventual intention is to outward-remit the gift money from my NRO account to my overseas account. For this the bank requires me to furnish gift deed as a proof of source for the amount. Since at present I am not in India, I have some questions related to getting the gift deed ready. 1) Can the gift deed be prepared (typed and signed) after the amount is transferred to my NRO account provided I get the stamp paper issued before/on the transfer date? 2) Does the donor and the donee, both have to be physically present at the same time and sign the gift deed together for it to be valid? ,or Can the donor sign it first at the notary and the donee (i.e. me) sign it later on when I visit India? 3) Can my PoA in India sign the gift deed on behalf of me? Regards
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