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 Income Tax Issues

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mouldybread
post Mar 26 2009, 04:54 PM

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QUOTE(dr2k3 @ Mar 26 2009, 04:08 PM)
most likely not...unless u declare 50k...then suddenly u buy a house with 70k down payment

70k down payment means full amount = 700k?
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i see... the 700k? err, thats for me to know for you to find out tongue.gif
QUOTE(cute_boboi @ Mar 26 2009, 04:41 PM)
Even if you declare 100k, but buy a house at 90k cash, LHDN may question how you survive on 10k PER YEAR. It is possible to survive on less than that, but they'll ask you further or for you to prove to them. They may ask further questions like your car loan, your dressing (armani on 10k per year?  tongue.gif  ), etc. If you say pay car cash that you buy last year, then  doh.gif 

90k house (cash) + 50k car (cash) = 140k cash > 100k declared income.  sweat.gif
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thanks for the tips...
dr2k3
post Mar 26 2009, 06:21 PM

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QUOTE(cute_boboi @ Mar 26 2009, 04:41 PM)
No other reason, they just random pick me. I asked them anything, they say nothing specific. They did not ask any weird questions or deep probe also. Just ask mana receipt ini insuran nyawa ? Apasal tak declare bulan November XX (cause in between new job after resign, show them EPF statements) Mana receipt donation ini ? Mana slip resit bayaran income tax tahun dahulu ?
Even if you declare 100k, but buy a house at 90k cash, LHDN may question how you survive on 10k PER YEAR. It is possible to survive on less than that, but they'll ask you further or for you to prove to them. They may ask further questions like your car loan, your dressing (armani on 10k per year?  tongue.gif  ), etc. If you say pay car cash that you buy last year, then  doh.gif 

90k house (cash) + 50k car (cash) = 140k cash > 100k declared income.  sweat.gif
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i tot declare is year income....not how much u save...


by the way... are your income taxable? u got higher chances of getting audit if u r
cute_boboi
post Mar 26 2009, 06:56 PM

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QUOTE(dr2k3 @ Mar 26 2009, 06:21 PM)
i tot declare is year income....not how much u save...
by the way... are your income taxable? u got higher chances of getting audit if u r
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Yes, then LHDN will start to query all your previous years income, tax declaration (why no declare ???) , huge purchases, stock shares, overseas holiday, branded/luxury goods, where you stay, who own the house, etc. It must make sense for all the years of income and expenses.

If you say parents (or someone) give you money, even better. rclxms.gif LHDN will call them up to audit as well asking similiar questions like above, if your answers are too fishy. Then you get your parents into trouble (if they ever evade tax) rolleyes.gif

The reasoning is, be logical. If it doesn't sounds right, there is high chance of cheat/fraud (tax evasion).

Yes, I'm taxable. rclxub.gif Maybe I should start find work in HK/SG (lower 10+% max tax only)
red_scorpion
post Mar 27 2009, 05:56 PM

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hi, just want to ask..
I have worked in year 2007 and i didn't declare tax last year since my income is low and is not tax-able tat time.
So, for 2008 tax declaration now(which is my 1st time declare tax), do i need to fill in the income of year 2007 in "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" section???


Please help. all pro..
stupidbump
post Mar 27 2009, 07:09 PM

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Is shift allowance same as meal allowance?

I work on shift and there is allowance of RM20/day.


babychai
post Mar 27 2009, 10:08 PM

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QUOTE(red_scorpion @ Mar 27 2009, 05:56 PM)
hi, just want to ask..
I have worked in year 2007 and i didn't declare tax last year since my income is low and is not tax-able tat time.
So, for 2008 tax declaration now(which is my 1st time declare tax), do i need to fill in the income of year 2007 in "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" section???
Please help. all pro..
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for your case u can ignore Section G nod.gif


Added on March 27, 2009, 10:11 pm
QUOTE(stupidbump @ Mar 27 2009, 07:09 PM)
Is shift allowance same as meal allowance?

I work on shift and there is allowance of RM20/day.
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u can talk to yr boss and ask him shift allowance change to meal allowances. meal allowances is not taxable.

This post has been edited by babychai: Mar 27 2009, 10:11 PM
wufei
post Mar 28 2009, 07:07 AM

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QUOTE(babychai @ Mar 27 2009, 10:08 PM)
for your case u can ignore Section G  nod.gif


Added on March 27, 2009, 10:11 pm

u can talk to yr boss and ask him shift allowance change to meal allowances. meal allowances is not taxable.
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Sure boh?
babychai
post Mar 28 2009, 09:02 AM

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start from YA 2009 meal allowances is fully exempted
mustang
post Mar 28 2009, 09:21 AM

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Hi all, some questions

01. Those medical check for my parents, can I claim? The receipts are under my parents name though as the cashier at the medical centre said, in order for me to claim, must put their names? Is it correct? unsure.gif
02. If I build my own computer and all PC components are in the same receipt with the total amount, can I claim as well?

Thanks
wufei
post Mar 28 2009, 12:26 PM

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QUOTE(babychai @ Mar 28 2009, 09:02 AM)
start from YA 2009 meal allowances is fully exempted
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Sure boh?
babychai
post Mar 28 2009, 12:37 PM

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QUOTE(wufei @ Mar 28 2009, 12:26 PM)
Sure boh?
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y not sure? juz refer 2009 Budget.


Added on March 28, 2009, 12:51 pm
QUOTE(mustang @ Mar 28 2009, 09:21 AM)
Hi all, some questions

01. Those medical check for my parents, can I claim? The receipts are under my parents name though as the cashier at the medical centre said, in order for me to claim, must put their names? Is it correct?  unsure.gif
02. If I build my own computer and all PC components are in the same receipt with the total amount, can I claim as well?

Thanks
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1) Hmmm...i personally think if u can proof that u paid the medical expenses then can already.

2) Yes, u can.

This post has been edited by babychai: Mar 28 2009, 12:51 PM
penangmee
post Mar 28 2009, 02:04 PM

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QUOTE(babychai @ Mar 28 2009, 09:02 AM)
start from YA 2009 meal allowances is fully exempted
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QUOTE(wufei @ Mar 28 2009, 12:26 PM)
Sure boh?
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Actually its from Y A 2008
babychai
post Mar 28 2009, 02:31 PM

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QUOTE(penangmee @ Mar 28 2009, 02:04 PM)
Actually its from Y A 2008
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o yeah...alright thx for correcting me rclxms.gif
Andrew Lim
post Mar 28 2009, 05:13 PM

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QUOTE(red_scorpion @ Mar 27 2009, 05:56 PM)
hi, just want to ask..
I have worked in year 2007 and i didn't declare tax last year since my income is low and is not tax-able tat time.
So, for 2008 tax declaration now(which is my 1st time declare tax), do i need to fill in the income of year 2007 in "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" section???
Please help. all pro..
*
If it wasn't taxable, not really necessary since they don't have your record.
You should fill in for previous years that your company starts making PCB deductions for you.
mustang
post Mar 28 2009, 06:32 PM

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QUOTE(babychai @ March 28, 2009, 12:51 pm)
1) Hmmm...i personally think if u can proof that u paid the medical expenses then can already.

2) Yes, u can.
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1) Yeah, I swiped the amount using my credit card. smile.gif
2) Maximum for PC is only RM3k right?
SUSDavid83
post Mar 28 2009, 06:33 PM

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QUOTE(mustang @ Mar 28 2009, 06:32 PM)
1) Yeah, I swiped the amount using my credit card.  smile.gif
2) Maximum for PC is only RM3k right?
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Yes. RM 3k top for PC or laptop purchase within 3 years.

JamesPond
post Mar 28 2009, 06:43 PM

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last yr i buy...this yr i buy how?
stupidbump
post Mar 28 2009, 08:09 PM

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Ya...if i bought about RM1000 in 2008, then in 2009 i buy a laptop at RM2000.

Can it be totaled in YA 2009?
babychai
post Mar 28 2009, 08:41 PM

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QUOTE(stupidbump @ Mar 28 2009, 08:09 PM)
Ya...if i bought about RM1000 in 2008, then in 2009 i buy a laptop at RM2000.

Can it be totaled in YA 2009?
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cannot. the claim is allowed once every 3 years.
green_apple
post Mar 28 2009, 11:53 PM

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hello.!

this is my first time to declare income tax, so I have questions on how to do this.

I worked as a freelancer, and I am not tied to any particular company, so I have to declare on my own.

Should I go to LHDN's office? Or can I submit it it e-filling?

Or should I download the form from the internet and then submit it myself at LHDN's office?

Which form should I use?

Anyway, the form looks complicated. Should I get a tax agent?

Thanks in advance.

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