Can one avail 80D exemption benifit for an Indian Resident who bought a medical insurance policy from a foreign company based in Singapore, paid from a foreign bank account?
Udgam Koomar (Tax Technologist) (1949 Points)
13 July 2017Can one avail 80D exemption benifit for an Indian Resident who bought a medical insurance policy from a foreign company based in Singapore, paid from a foreign bank account?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 13 July 2017
Yes........ provided insurer be registered with the Insurance Regulatory Authority of India.
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