In the budget presented this month, many misconceptions have arisen in the tax system of NRI. On which government clearance has also come from time to time. Many times NRIs usually have questions about what kind of tax benefit they will get in India.
Where they can save tax by investing. Or whether they will have to pay tax even in the amount earned abroad. However, on the foreign earnings for NRI, the government has clarified that if the NRI is not a transaction from the Indian market. So there is no tax on the amount earned abroad.
Just like if their parents are dependent on an NRI. NRI has taken a health plan for parents. In such a situation, can the NRI also claim for tax cuts or not.
According to the news, experts in this entire case believe that as per Section 80D of the Income Tax Act 1961, in India, claims for deduction for health insurance premium paid for health insurance of self and dependents including parents Can. Even if you are an NRI. You can claim deduction from your total taxable income.
In this case, if you are an NRI and have taken a health plan. So you too can claim deductibility in tax exemption.
