Will i be taxed for ps3(Marked as GIFT) from USA?



my cousin will be sending me a ps3 as a gift from USA which cost around 20,000 in india,

i’m earning 1,80,000 / annum currently

will i be taxed.

what is the salary criteria to get tax for gift like this

Will i be taxed for ps3(Marked as GIFT) from USA?
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2 Replies to “Will i be taxed for ps3(Marked as GIFT) from USA?”

  1. Yes, you will pay customs duty if you get it by post or courier or transport. If your friend brings it with him as personal baggage, he will not pay any custom duty.

    If you have to pay custom duty, may be it is better to buy from your local market.


  2. Gift amounting to Rs.20000/= is not taxable,even your P.A.salary is also may not be taxable ,if you have PF,PPF,NSC,LIC you can avail rebate upto Rs.100000/=. When you file your income return show Rs.20000/= as income from other source.





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