Tax implication for amount received from nri son

CS Kaushik Kundu (Company Secretary) (180 Points)

09 July 2018  

All,

Suppose a resident taxpayers have received amount from their NRI son by way of gift. What will be the tax implication in the hand of such parent taxpayer? What ITR is requried to be filed for disclosure purpose?

Please let me know. Its urgent.

Thanks in advance.