Gift To Non Resident-Relative

Yes, a resident in India can gift up to Rs 700,000 to their father's brother, even if that relative is a non-resident and the money is sent to their foreign account. Similarly, the non-resident brother can gift the same amount to the resident's father from outside India. These transactions are considered exempt under Section 56(2)(x) of the Income Tax Act, as the residential status of the recipient is not a factor when gifting between specified relatives.