izit a must to declare rental income to income tax
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 Nov 8 2010, 04:01 PM
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Junior Member
146 posts Joined: Jun 2007 
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QUOTE(fatw3apon @ Nov 8 2010, 04:43 PM) 1) Yes, you need to declare rental income. management fee can be deducted? 2) You can deduct your management fee, quit rent & assesment, brokerage commission, interest charges. Net amount is the rental income that you need to declare.   |
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Nov 8 2010, 04:05 PM
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Senior Member
2,770 posts Joined: Oct 2006
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QUOTE(fatw3apon @ Nov 8 2010, 03:43 PM) 1) Yes, you need to declare rental income. i only saw the Pelepasan cukai for Feadah Pinjaman Perumahan (mest memenuhi syarat-syarat kelayakan) only. show where to fill in for management fee, quit rent & assessment, & brokerage commission?2) You can deduct your management fee, quit rent & assesment, brokerage commission, interest charges. Net amount is the rental income that you need to declare. |
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Nov 8 2010, 04:14 PM
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Junior Member
146 posts Joined: Jun 2007
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QUOTE(xSean @ Nov 8 2010, 05:05 PM) i only saw the Pelepasan cukai for Feadah Pinjaman Perumahan (mest memenuhi syarat-syarat kelayakan) only. show where to fill in for management fee, quit rent & assessment, & brokerage commission? do ur own calculation & then put the net figure at "other/rental income"...for my submission i did not know that mgmt fee can be deducted  |
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