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Where to stamp tenancy agreement?, How to "stamp" in a smart way? Financial
TSliaw82
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Apr 30 2009, 11:27 AM, updated 15y ago
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Getting Started
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Hello,
Anyone knows where can I stamp my tenancy agreement? And how to legally stamp it in a smarter way? As in legalise the document without having record in IRB?
Sorry if this is a non-discussable topic, if so, mod please delete it. Thanks!
This post has been edited by liaw82: Apr 30 2009, 01:24 PM
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SUSjasonhanjk
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Apr 30 2009, 12:07 PM
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I like to know too.
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TSliaw82
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Apr 30 2009, 06:17 PM
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Getting Started
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nobody knows? Hhmmm...
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dEviLs
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Apr 30 2009, 06:24 PM
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Tenancy/Lease Agreement Tips This Tenancy Agreement with almost no modification will suit almost every commercial leasing situation. The situation where this lease is inappropriate is a lease where the parties anticipate extensive tenant improvements. Before using this agreement, read it carefully and be certain that the language is as you want it. If it is not, modify it carefully. Tenants, it is strongly recommended that you read the entire Tenancy Agreement before you sign it. Your landlord will usually be up to modifying some of the language if you can show how it will benefit both parties. STAMPING: Prepare two (2) copies of the Tenancy Agreement. Get these Agreements stamp the Inland Revenue Board or Jabatan Hasil Dalam Negeri in your area. The normal stamp-duty is around RM20.00. COPY OF AGREEMENT: The Landlord should have the original copy of the Stamp Document and the Tenant the duplicate copy of the Stamp Document. Both should keep your Tenancy Agreement in your safe deposit box or place. In addition, generate a copy of Tenancy List of Inventory and attach that document with your tenancy agreement for stamping. http://www.lawyerment.com.my/library/fl/rles/agm/tnls.shtml
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Pai
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Apr 30 2009, 07:44 PM
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QUOTE(liaw82 @ Apr 30 2009, 11:27 AM) Hello, Anyone knows where can I stamp my tenancy agreement? And how to legally stamp it in a smarter way? As in legalise the document without having record in IRB? Sorry if this is a non-discussable topic, if so, mod please delete it. Thanks! what is the ultimate purpose of this?
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falcon867
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May 1 2009, 12:07 AM
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Getting Started
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you need to stamp in order to be admissible in court in case of any dispute....
if u decide not to stamp it...its legally binding but however not admissible as evidence till stamp duty is paid
however if u stamp it late u may be liable for fine
abt the fees it depends on the value...its not RM 20 but its a very low value but much more affordable than normal SPA stamp duty...
sorry i cant recall the calculation..
if u need assistancein samping email me at repul2k7@yahoo.com.
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jchong
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May 1 2009, 11:31 AM
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QUOTE(liaw82 @ Apr 30 2009, 11:27 AM) And how to legally stamp it in a smarter way? As in legalise the document without having record in IRB? I assume you wish not to declare your rental income to avoid paying tax on it?
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TSliaw82
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May 1 2009, 01:44 PM
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Getting Started
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smart.. Actually my concern is mainly applying loan.. From bank side.. I wish to present tenancy agreement to lower down my commitment. However, agreement without stamping is not acceptable, and stamped agreement will be recorded in IRB, for tax declaration purpose.
So, i'm wondering is there anywhere to stamp those and accepted by any banks. I heard commissional of oath maybe helpful, is it true?
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falcon867
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May 3 2009, 10:03 PM
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Getting Started
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you cant stamp it at the commisioner of oath..you have to stamp it at the samp duty offie...its under the Inland Revenue Board..ou can search online for the nearest office...I know the main one is at Kampung attap and also at Wangsa Maju
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TSliaw82
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May 5 2009, 10:13 AM
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Getting Started
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oh... that's what I heard too... according to my lawyer, he said stamping at LHDN will have no record, mostly only my name.. I doubt it, so still searching around.. All of you guys go to IRB/LHDN stamp?
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lwb
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May 7 2009, 12:25 AM
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ok.. if you're looking for the cheap fix.. it'll go counter with being legal!
here's a stupid way to fix it.. go to a rubber stamp maker and get them to produce a replica.. make sure you use red ink!
* there're something you can be 'smart' about it.. but there're something that you need legitimacy..
in this case, inho, the smartest way is to do-up your own documents, bring it to lhdn yourself and get it stamped... you'll save on the documentation and runner cost.
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budak_bagus
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May 7 2009, 04:53 PM
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there is one way to do. buy the setem hasil rm10 from any post office. put the stamp at the original copy of the agreement. it is now legal, and i dont think it will be reggistered with LHDN
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lwb
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May 9 2009, 10:53 PM
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used to have those "stamps" on receipts back then.. and i thought i could make a quick 100 bucks on it.. by collecting 10 pieces of unstamped unit and head to lelong.com to do a [wts]!! This post has been edited by lwb: May 9 2009, 10:55 PM
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meejawa
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May 10 2009, 08:24 AM
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TS, there ARE ways. I will share a couple here:
1. Think abt it, you don't want IRB to know cos they will tax you on the income right? But in the TA also states that the tenant can leave anytime by giving one/two months notice right?
2. Do you know for sure that ALL banks look at the red stamp when assessing your commitment? I can tell you they look at the bank account where the "rent" is deposited more than the agreement.
There are just so many ways to legally do this, and all CAN be genuine cases.
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Pai
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May 10 2009, 04:00 PM
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QUOTE(meejawa @ May 10 2009, 08:24 AM) TS, there ARE ways. I will share a couple here: 1. Think abt it, you don't want IRB to know cos they will tax you on the income right? But in the TA also states that the tenant can leave anytime by giving one/two months notice right? 2. Do you know for sure that ALL banks look at the red stamp when assessing your commitment? I can tell you they look at the bank account where the "rent" is deposited more than the agreement. There are just so many ways to legally do this, and all CAN be genuine cases. Meejawa is absolutely right, banks rather look your bank statement as proof of rental income. Tenancy agreements is nothing unless u could prove the rental income txn
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eugene jk
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May 10 2009, 04:33 PM
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Ohh... ic... The last time i used tenancy agreement as reference, but i guess that was because the bank manager is a close friend, so different story.. I will keep that in mind knowing someting new everyday This post has been edited by eugene jk: May 10 2009, 04:34 PM
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TSliaw82
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May 10 2009, 08:59 PM
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Getting Started
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Yea, I understand that providing bank statement to prove the rental income is good enough.. but most of the bankers insist to request a copy of legalised TA.. in order to lower down my commitment...
I'm not sure by just buying a RM10 setem hasil and paste on it will work or not... some bank said can some said cannot..
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meejawa
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May 11 2009, 07:07 PM
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QUOTE(liaw82 @ May 10 2009, 08:59 PM) ... some bank said can some said cannot.. And your problem is....??
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TSliaw82
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May 12 2009, 08:09 AM
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Getting Started
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Problem is, what is the way to stamp and acceptable by all banks. Anyway, my commitment is still not that high and I can submit without TA. And it seems we can't escape from IRB. Cheers
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meejawa
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May 12 2009, 06:11 PM
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QUOTE(liaw82 @ May 12 2009, 08:09 AM) Problem is, what is the way to stamp and acceptable by all banks. Anyway, my commitment is still not that high and I can submit without TA. And it seems we can't escape from IRB. Cheers The reason I asked what I asked is... Why do you need your loan to ba approved by aLL banks? you already know some banks will accept non-stamped one, and if they are in your bank of choice, then just go ahead la. Why bother with whether or not stamped? And if the bank that you want need it to be stamped, then go get it stamped lor, and then apply the 2 suggestions above...
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budak_bagus
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May 13 2009, 06:03 AM
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QUOTE(budak_bagus @ May 7 2009, 04:53 PM) there is one way to do. buy the setem hasil rm10 from any post office. put the stamp at the original copy of the agreement. it is now legal, and i dont think it will be reggistered with LHDN actually my friend working for a legal firm teach me this way. sometimes, they do this for their non-critical documents. i think rental agreement it is not so critical compare to scholarship agreement documents or even s&p documents. my friend who stayed at govt quarters also just paste the stamp at the agreement and it is accepted by bahagian pengurusan hartanah, jab perdana menteri who manage all the quarters.
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present
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May 30 2011, 12:41 PM
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New Member
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QUOTE(budak_bagus @ May 13 2009, 06:03 AM) actually my friend working for a legal firm teach me this way. sometimes, they do this for their non-critical documents. i think rental agreement it is not so critical compare to scholarship agreement documents or even s&p documents. my friend who stayed at govt quarters also just paste the stamp at the agreement and it is accepted by bahagian pengurusan hartanah, jab perdana menteri who manage all the quarters. but will the bank verify to IRB/LHDN?? if they found we cheat them, will they cancel the agreement in last minute?? thanks.. somemore, the bank will also ask us submit the income tax in order to apply the loan. if the income tax dont hv the rental income statement, will they give us the loan?? thanks
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logorithm
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Oct 24 2011, 06:17 PM
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New Member
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Who is supposed to bear the costs of getting the tenancy agreement stamped? The landlord of the tenant?
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ruben7389
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Oct 24 2011, 06:33 PM
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tenant
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chingfui
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Jun 7 2012, 12:53 PM
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Getting Started
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deleted
This post has been edited by chingfui: Jun 7 2012, 12:55 PM
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IceQTurbo
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Jan 20 2014, 04:10 PM
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Getting Started
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Hi, I was told by my colleague that the stamp duty is only RM10 per tenancy agreement. Is this correct? doesn't sound correct from the previous discussion here..
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Nidz
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Mar 31 2014, 12:22 PM
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QUOTE(IceQTurbo @ Jan 20 2014, 04:10 PM) Hi, I was told by my colleague that the stamp duty is only RM10 per tenancy agreement. Is this correct? doesn't sound correct from the previous discussion here.. Stamp duty for rental agreement is calculated like this: (Annual Rental - RM2400) divided by RM250 and then multiplied by RM 1, RM 2 or RM 4 according to the duration of your agreement. 1 year or less = RM1, 1-3 years = RM2 and 3 years and more = RM4. RM10 is the charge for stamping a duplicate copy of the agreement.
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IceQTurbo
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Mar 31 2014, 05:10 PM
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QUOTE(LCL01 @ Mar 31 2014, 01:25 PM) For me, the main reason to stamp the tenancy agreement is to prove to the banks that I have more income and can be able to secure more financing. I don't think anyone of us here has ever utilized the clause in tenancy agreement before. Does it mean that if I dont stamp my agreement, the Bank will not accept it; even if I can show proof of income coming in every month?
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malklcc
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Jun 23 2014, 04:18 PM
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New Member
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malklcc
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Jun 23 2014, 10:39 PM
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New Member
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by the way the stamping counter normally close t 3:30pm, so be early to be there for Q ticket number!
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lucerne
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Jul 23 2014, 03:23 PM
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QUOTE(IceQTurbo @ Mar 31 2014, 05:10 PM) Does it mean that if I dont stamp my agreement, the Bank will not accept it; even if I can show proof of income coming in every month? some bank yes. some mortgage agents are so innovative where they photo shop "new" stamp on your TA. haha
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DemonKnight
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Jan 27 2015, 10:42 AM
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Getting Started
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how much to stamp for supplier and customer agreement?
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ronn77
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Sep 4 2019, 04:02 PM
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Just want to brought up this old thread.
Has anyone here stamping their tenancy agreement at LHDN office?
As I know we need to fill the form prior to the process. Do we have to provide our full details such as name, IC and etc? Will it leave any proof for LHDN to probe us for the declaration of the rental income?
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Keatsan
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Oct 3 2019, 10:38 AM
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QUOTE(ronn77 @ Sep 4 2019, 04:02 PM) Just want to brought up this old thread. Has anyone here stamping their tenancy agreement at LHDN office? As I know we need to fill the form prior to the process. Do we have to provide our full details such as name, IC and etc? Will it leave any proof for LHDN to probe us for the declaration of the rental income? Recently the LHDN outlets doesn't take walk in process anymore. All had to be done online. The sad part, only Company and Agents are able to do so. http://www.hasil.gov.my/bt_goindex.php?bt_...nit=7&bt_sequ=1This post has been edited by Keatsan: Oct 3 2019, 10:40 AM
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vckc
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Oct 3 2019, 06:18 PM
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QUOTE(Keatsan @ Oct 3 2019, 10:38 AM) Recently the LHDN outlets doesn't take walk in process anymore. All had to be done online. The sad part, only Company and Agents are able to do so. http://www.hasil.gov.my/bt_goindex.php?bt_...nit=7&bt_sequ=1No la boss, I walked in. Filled up the form using the computers there. Put myself as the Agent. Settle and stamped. No issue.
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Keatsan
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Oct 3 2019, 07:15 PM
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QUOTE(vckc @ Oct 3 2019, 06:18 PM) No la boss, I walked in. Filled up the form using the computers there. Put myself as the Agent. Settle and stamped. No issue. Oh really? So there's a computer there on the spot? May I know which outlet you went ? Damansara Perdana is the one asking me to do it online at home. Just visited the outlet last week. This post has been edited by Keatsan: Oct 3 2019, 07:17 PM
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vckc
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Oct 3 2019, 07:19 PM
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QUOTE(Keatsan @ Oct 3 2019, 07:15 PM) Oh really? So there's a computer there on the spot? May I know which outlet you went ? Damansara Perdana is the one asking me to do it online at home. Just visited the outlet last week. PGRM
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Keatsan
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Oct 3 2019, 08:05 PM
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QUOTE(vckc @ Oct 3 2019, 07:19 PM) Thanks !
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