Dec 22 2010, 11:56 PM
QUOTE(Invader Zim @ Dec 22 2010, 09:22 PM)
how about gift?
let say my best friend gave rm100,000 to me.. it is taxable?
let say my best friend gave rm100,000 to me.. it is taxable?
QUOTE(almeizer @ Dec 22 2010, 11:19 PM)
Xuzen explained the condition for taxable income. I guess that's not taxable.
If you have such friend, introduce to me, I won't mind be his/her best friend
No, only if the gift is between family member, then yes, non-taxableIf you have such friend, introduce to me, I won't mind be his/her best friend
But for third party, different case already.
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