izit a must to declare rental income to income tax

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izit a must to declare rental income to income tax

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DannGun	Nov 8 2010, 10:09 AM Return to original view \| Post #1
On my way Senior Member 688 posts Joined: Mar 2006 From: Caribbean	QUOTE(rakyat @ Nov 8 2010, 09:22 AM) You declare the rental minus deductions such as bank interest, maintainence fees, repairs, assessment fees, quit rent and fittings. You cannot deduct your loan installment. Let's say we earn RM1k from rental, and we pay RM800 for installment. Isn't it ridiculous if that the rental is taxable, no matter u are still owing or not. and wher do u hear this from?
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