Deduction u/s 80D
This query is : Resolved
26 February 2020
Dear Experts,
Can deduction under section 80D be claimed when health insurance is taken abroad and amount is paid in currency other than Rs.
Can deduction under section 80D be claimed when health insurance is taken abroad and amount is paid in currency other than Rs.
26 February 2020
Yes provided that-
* the insurer is approved under Insurance Regulatory and Development Authority Act,1999 and
* the premium is paid out of income chargeable under the Income tax Act,1961.
* the insurer is approved under Insurance Regulatory and Development Authority Act,1999 and
* the premium is paid out of income chargeable under the Income tax Act,1961.
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