Meaning to say, cheque we received already net and need not report it in our EA form?

I am a student investing in stocks. I earn dividend and I also earn capital gain. Since I am not working and the money come from my school loan, how am I going to declare it in income tax?

Since the dividend is already being taxed at the source, so I do not need to woory anything about taxation anymore right? I just get the dividend and no need to pay tax?

Please help me clear my doubts...

You have answered your own doubt

Yes, since it is being taxed at source, you do not need to worry about tax anymore.
Just get the dividend and do whatever you like with it.

Anyway, capital gain is never taxable in tax computation.

Hi,
Thanks a lot. Now, I can really concentrate o my dividend style for stock investment.

no need...if got tax in ur dividend then u can claim it back...or offsetting

LOL I have not taken into acount those who invest overseas, so I am not the correct person to answer that question.
I am only talking about dividends gain form investing in local market

can i ask sth?

i m currently a student, so no salary, no income tax account
but i do have some dividen kena tax 25%

Any chance can i claim back tht 25%?

Open your account with IRB and declare the dividend, then you can get back the 25%.

Sad to see those with accounting backgrounds do not apply what they learn i.e

Consistency Basis Vs Suka Suka Basis, and Completeness Vs mere Simplicity.

Judgment of any kind should be based on the overall , and with due consideration.

And Withholding Tax 10% on REITS is not final , until and unless certain criteria are fulfilled ( but do not take it for granted that it is final tax for whatever reason such as do not need to declare at all ). The claw back section always fall on taxpayers, even if the mistakes come from listed co.

And we claim to live in a globalised world.

This post has been edited by SKY 1809: Jul 16 2009, 08:08 AM

Why we can get the 25% back? If they already taxed, then how come we still can get it back?

Because lowest tax bracket is 0%, + some relief also. But if you have other income (voluntary allowance doesn't constitute income, you can consider giving some as well) or your dividend is substantial.

Thanks. If I claim it back, how long will it takes for me to get the money back?

Previously you will have to write in for the money to be refunded back to you, but I heard nowadays they did it automatically, not sure how is the time frame, maybe someone else can help?

Hope someone can help. Need some explanation about it.

You can become Tax Consultant

Tax regulation change every year, I think I like things that won't change... can learn once use forever

Here's another query on dividends, albeit a twisted angle ...

I'm not the most organised person in the world when it comes to documentation. Was putting away some paperwork yesterday and lo and behold ... I found a dividend cheque dated December 2008. Since a cheque validity is usually 6 months, any chance of me recouping my few hundred bucks ????

Write back to them (the share registrar), they might issue you another cheque after validation.

I bought a Dell netbook mini 9 last month ( comes with 3G modem ).

Now it is called a discontinued model.

I wonder why the engineers are so efficient nowaday.

Worst thing , there is no other netbook comes with internal 3G modem in Malaysia.

maybe Sony has, but 3X more expensive.

This post has been edited by SKY 1809: Jul 16 2009, 03:52 PM

OT...
Yes it is that efficient...
Civil Engineer is the best among engineers...
Brick & mortar after 50 years also brick & mortar...
Electrical & Software are the worst, every 3~5 years obsolete...