Tax on gift from son

SWAPAN KUMAR BAKSI (DIRECTOR) (32 Points)

02 August 2012  

I have a friend in USA whose parents are in India. In the Financial year 2011-12, he has sent his mother about  Rs 3,20,000 /- as gift.  His mother is 70 years old and her income on fixed deposit  and other investment is Rs 1,00,000/- . Will she be taxed if yes how much?

Swapan Baksi