Hello Gurnawaz_buttar1,
The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement. If the individuals have already paid the tax on this amount, you are not required to pay tax on this gift income.
While there is no actual limit to the amount of gifts you can receive every year, there is an annual exclusion, and any amount under that amount, does not have to have taxes paid on the gift. The amount for 2013 was $13,000; keep in mind that this amount changes on a yearly basis.
Thank you for using TurboTax, and have a wonderful day!
