The awards ceremony, coincides with the death anniversary of Pandit Dinanath Mangeshkar, also commemorated by his family as Smriti Din.
Lata Mangeshkar looks back at the people who influenced her the most.
The award function will be held in Pune.
'The first thing that I learnt from my mother was to never , never ever, tell a lie.'
Lata Mangeshkar was closely associated with the controversial Hindu nationalist and freedom fighter.
To be honoured by Lata Mangeshkar and that too with an award in her father's name, is a once-in-a-lifetime opportunity, says Anil Kapoor
Just how much do *you* know about Lataji?
'He was a poet at heart and a saint by nature.'
'There was no other Lata Mangeshkar, there is none and there won't be any. I will celebrate her life, today and always.'
'There were no singers like Lata, Kishore, Rafi or Mukesh. And until now, there is nobody. Nobody with that kind of voice, nobody with that kind of brain to learn. Not only to learn, but to improvise. We improvised music, we improvised the songs. Nowadays, they just listen and copy.'