If any assessee is paying taxes on foreign income in India can he claim deduction for life insurance and health insurance paid in foreign country u/s 80 C and 80 D.
Thanks.
Menu
Lic and health insurance outside india
Replies (2)
in my opinion, he can bcoz no where the place of payment has been specified in the aforesaid sections
as per sub-section 5 of sec 80D, insurance policy shall be:
a) in accordance with the scheme of General Insurance Corporation of India or
b) a scheme of any other insurer, but approved by IRDA (Insurance Regulatory and Development Authority of India)
so, necessary to check whether the policies taken in foreign country would satisfy either of these
a) in accordance with the scheme of General Insurance Corporation of India or
b) a scheme of any other insurer, but approved by IRDA (Insurance Regulatory and Development Authority of India)
so, necessary to check whether the policies taken in foreign country would satisfy either of these
Recent Threads
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
Related Threads
CAclubindia
