Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
125 Pages « < 103 104 105 106 107 > » Bottom

Outline · [ Standard ] · Linear+

 Income Tax Issues

views
     
ronnie
post Apr 7 2011, 04:13 PM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur



QUOTE(zenwell @ Apr 7 2011, 04:02 PM)
I also put in my bank account details. I thought they wil bank-in direct. they still sent me a cheque. Submit on 19 Mar, got my cheque on 06 April. Kinda fast.
*
Which Bank's account you put in ?
zenwell
post Apr 7 2011, 04:15 PM

Regular
******
Senior Member
1,749 posts

Joined: Oct 2007
QUOTE(ronnie @ Apr 7 2011, 04:13 PM)
Which Bank's account you put in ?
*
ambank. only selected bank accepted? is it written there? I didn't read properly tongue.gif
leongal
post Apr 7 2011, 04:42 PM

~I have a new mission in life~
*******
Senior Member
3,188 posts

Joined: Jul 2007
From: A place called "home"


QUOTE(zenwell @ Apr 7 2011, 04:02 PM)
I also put in my bank account details. I thought they wil bank-in direct. they still sent me a cheque. Submit on 19 Mar, got my cheque on 06 April. Kinda fast.
*
wow...i submitted on the same date! i nit to check my post box today! tongue.gif
MGM
post Apr 7 2011, 04:51 PM

10k Club
********
All Stars
18,410 posts

Joined: Oct 2010
QUOTE(ronnie @ Apr 7 2011, 08:32 AM)
You can choose one of the receipts only... logically select the RM2000 notebook.
If you had planned to use the PC purchase as Tax Relief, you should have bought >RM3000 notebook instead.
This why Tax Planning is crucial.
*
Thanks Ronnie. So If I bought the two notebooks with both in the same bill, only then I can claim for the full RM3000 deduction?
wee1030
post Apr 7 2011, 04:51 PM

Casual
***
Junior Member
369 posts

Joined: Sep 2008
From: Where 300 Spartans dine
QUOTE(leongal @ Apr 7 2011, 04:42 PM)
wow...i submitted on the same date! i nit to check my post box today!  tongue.gif
*
so meaning i still need to wait for longer time.....dunno MBB they pay by checque?
Chester
post Apr 7 2011, 09:50 PM

Look at all my stars!!
*******
Senior Member
2,380 posts

Joined: Apr 2005



http://www.nbc.com.my/files/housing-loan-tax-relief.pdf

The notice is really not clear.

Say a joint property.

Total interest paid for the year = RM10,000

Person A claim RM5,000 + Person B claim RM5,000 OR;
Person A claim RM10,000 + Person B claim RM10,000 OR;
Person A claim RM10,000 or Person B claim RM10,000
?

nemo2
post Apr 7 2011, 10:50 PM

Getting Started
**
Junior Member
74 posts

Joined: Mar 2009
QUOTE(Chester @ Apr 7 2011, 09:50 PM)
http://www.nbc.com.my/files/housing-loan-tax-relief.pdf

The notice is really not clear.

Say a joint property.

Total interest paid for the year = RM10,000

Person A claim RM5,000 + Person B claim RM5,000   OR;
Person A claim RM10,000 + Person B claim RM10,000   OR;
Person A claim RM10,000 or Person B claim RM10,000
?
*
See whether this will helps. Max relief per year definitely is RM10,000.

If you have 3 person serving interest: A:RM5,000, B:RM3,000, C:RM2,000. Each of them claim according to their portion.

If total interest paid in that year is RM20,000; A:RM10,000, B:RM7,000, C:RM3,000.
A will claim 50% (RM10,000/RM20,000) of the relief -> 50% x RM10,000 = RM5,000;
B will claim 35% (RM7,000/RM20,000) of the relief -> 35% x RM10,000 = RM3,500;
Same basis for C.

This post has been edited by nemo2: Apr 7 2011, 10:58 PM
deodorant
post Apr 7 2011, 10:52 PM

Surfing LYN instead of Working.
*******
Senior Member
5,691 posts

Joined: Mar 2006


@Chester:

QUOTE(IRB CEO)
"... if there are two or more individuals who are eligible for the tax deduction, each individual is allowed a deduction which is proportionate to the interest they had paid,” she told a press conference yesterday.


Source: http://thestar.com.my/news/story.asp?file=...&sec=minibudget
green_apple
post Apr 7 2011, 10:57 PM

Getting Started
**
Junior Member
101 posts

Joined: Mar 2007
QUOTE(zeese @ Apr 4 2011, 02:57 PM)
You can use your camera, capture clearly the front and back of  your card.. so, you can submit in .jpg format..
*
good... then I can do like that! From EA form can get No. Rujukan Cukai?

I haven't see my EA form properly also..... tongue.gif
Chester
post Apr 7 2011, 11:07 PM

Look at all my stars!!
*******
Senior Member
2,380 posts

Joined: Apr 2005



Meaning, if we paid 5k for interest
both joint can claim to a max total of 5k..sukahati how u want to divide..4k + 1k, 2k + 3k, 2.5k + 2.5k, 5k + 0..
SUSDavid83
post Apr 7 2011, 11:11 PM

20k VIP Club
*********
All Stars
52,874 posts

Joined: Jan 2003
QUOTE(green_apple @ Apr 7 2011, 10:57 PM)
good... then I can do like that! From EA form can get No. Rujukan Cukai?

I haven't see my EA form properly also.....    tongue.gif
*
Of course. EA form will have most of the details including No. Rujukan Cukai.
green_apple
post Apr 7 2011, 11:13 PM

Getting Started
**
Junior Member
101 posts

Joined: Mar 2007
QUOTE(David83 @ Apr 7 2011, 11:11 PM)
Of course. EA form will have most of the details including No. Rujukan Cukai.
*
Ooooo... thank you for all the help! rclxms.gif nod.gif
nemo2
post Apr 7 2011, 11:16 PM

Getting Started
**
Junior Member
74 posts

Joined: Mar 2009
QUOTE(David83 @ Apr 7 2011, 11:11 PM)
Of course. EA form will have most of the details including No. Rujukan Cukai.
*
This one... I think, if we do not furnish income tax reference number to HR, they wont know our no and most likely will not appear in EA form.
green_apple
post Apr 7 2011, 11:18 PM

Getting Started
**
Junior Member
101 posts

Joined: Mar 2007
QUOTE(nemo2 @ Apr 7 2011, 11:16 PM)
This one... I think, if we do not furnish income tax reference number to HR, they wont know our no and most likely will not appear in EA form.
*
I check already, dun have the number woh.... looks like I have to go LHDN office also blink.gif

(1st timer apa also dunno)

They should teach us this in school. tongue.gif

SUSDavid83
post Apr 7 2011, 11:22 PM

20k VIP Club
*********
All Stars
52,874 posts

Joined: Jan 2003
Mine got. My HR applied that account for me when I was first joined the company 4 years ago.
Shinichi
post Apr 7 2011, 11:56 PM

◆【 真一 】◆
*******
Senior Member
4,051 posts

Joined: Jan 2003
From: 槟城



QUOTE(SeanChang @ Apr 7 2011, 03:28 PM)
steps to renew Digital Certificate:
1. go to elejar at https://elejar.hasil.gov.my/index.php?optio...ge〈=english
2. at bottom of the page (ID maintenance) click on (3) Register / Renew Digital Certificate
*
I tried to access link but seems not valid?

Anyway I'm facing problem to login efiling now... my cert renewal keeps failing...
green_apple
post Apr 8 2011, 12:14 AM

Getting Started
**
Junior Member
101 posts

Joined: Mar 2007
It appears that we can get our No rujukan cukai via e-daftar (http://ekl.hasil.org.my/) . Tomorrow I'm going to give it a try. Now Zzzz 1st.
salcom
post Apr 8 2011, 06:45 AM

Casual
***
Junior Member
432 posts

Joined: Jan 2003
From: As high as space as low as deep sea


Hi all,

I'm tax exempted seaman working on a malaysian registered vessel. My company deducted PCB every working month and as told by LHDN email that i don't have apply for special case to get back the PCB that i had paid. Their instruction is fill up the BE form and with supporting document.

They not been really helpful with listing out what documents i need and how do fill out the BE form. Anyone mind to share some experience here?
munkeyflo
post Apr 8 2011, 07:04 AM

Blooop bloop bloop
Group Icon
Staff
2,797 posts

Joined: Nov 2007
From: On the beach


QUOTE(zenwell @ Apr 7 2011, 04:02 PM)
I also put in my bank account details. I thought they wil bank-in direct. they still sent me a cheque. Submit on 19 Mar, got my cheque on 06 April. Kinda fast.
*
I see. I haven't got anything yet. Will wait for their cheque then.
ronnie
post Apr 8 2011, 07:21 AM

Not enough stars
*********
All Stars
21,308 posts

Joined: Jan 2003
From: Kuala Lumpur



QUOTE(MGM @ Apr 7 2011, 04:51 PM)
Thanks Ronnie. So If I bought the two notebooks with both in the same bill, only then I can claim for the full RM3000 deduction?
*
The RM3000 is for one(1) notebook/PC purchase in the year of assessment. You cannot add a few notebooks to make the value RM3000.

125 Pages « < 103 104 105 106 107 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0207sec    0.46    6 queries    GZIP Disabled
Time is now: 6th December 2025 - 10:58 PM