I have received a gift from my fiancee. Is it taxable?

myITreturn Helpdesk

Updated March 06, 2019 11:26

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Yes, Gifts received from a fiancee shall be taxable. It shall be treated as gift received from an unrelated person .A fiancee cannot be treated as a spouse of the person since there are chances that the marriage may not materialize.

Gift from Fiancee, Gift received, Income tax Here we explained that the gift from fiancée is taxable as per the income tax department.

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