Income Tax Issues
Income Tax Issues
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Apr 16 2011, 10:56 PM
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Senior Member
732 posts Joined: May 2008 |
LHDN already refund my money, bank into my maybank acct
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Apr 17 2011, 05:03 AM
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Senior Member
789 posts Joined: Feb 2011 |
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Apr 17 2011, 10:30 AM
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Senior Member
2,900 posts Joined: Dec 2004 |
today's thestar online has a post like this:
"Is the computer relief Pembelian Komputer Peribadi untuk Individu usable by both myself and wife (RM3,000 each) at the same time if we file separately" Answer: You and your wife can claim the relief which is restricted to RM3,000. This relief is allowed once every three years. --- Question: Does this mean if you're married you can only get 3000 maximum out of 2 person or per person (max of 6000, meaning 3k per person) for every 3 years? The answer is not a direct one and appears to be confusing. Source: http://thestar.com.my/news/story.asp?file=...4144&sec=nation |
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Apr 17 2011, 11:01 AM
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All Stars
21,311 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(CyberKewl @ Apr 17 2011, 10:30 AM) today's thestar online has a post like this: If file separately, just claim RM3000 per person. But of course cannot share the same receipt ok ?"Is the computer relief Pembelian Komputer Peribadi untuk Individu usable by both myself and wife (RM3,000 each) at the same time if we file separately" Answer: You and your wife can claim the relief which is restricted to RM3,000. This relief is allowed once every three years. --- Question: Does this mean if you're married you can only get 3000 maximum out of 2 person or per person (max of 6000, meaning 3k per person) for every 3 years? The answer is not a direct one and appears to be confusing. Source: http://thestar.com.my/news/story.asp?file=...4144&sec=nation You need to buy 2 notebooks/PCs This post has been edited by ronnie: Apr 17 2011, 11:05 AM |
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Apr 17 2011, 01:12 PM
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Senior Member
2,900 posts Joined: Dec 2004 |
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Apr 17 2011, 04:36 PM
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Junior Member
78 posts Joined: Mar 2010 |
Insurans nyawa dan KWSP .
is it the total of monthly insurance payment? or the insured total? |
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Apr 17 2011, 04:49 PM
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Senior Member
5,691 posts Joined: Mar 2006 |
QUOTE(loanneeded @ Apr 17 2011, 04:36 PM) Insurans nyawa dan KWSP . is it the total of monthly insurance payment? or the insured total? the total of insurance payment paid for the year lah. your insurance company would have sent you yearly statement, you use that figure. |
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Apr 17 2011, 05:03 PM
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All Stars
52,874 posts Joined: Jan 2003 |
Annual figure of the premium paid; not the sum insured by the policy.
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Apr 17 2011, 05:27 PM
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Junior Member
51 posts Joined: Jun 2009 |
http://financialindependent.blogspot.com/2...al-illness.html
useful info Yow Chuan said... For most whole-life critical illness policy, you are only entitled up to 60% of the total premium for medical claim, while the remaining 40% is to be relieved from the Whole-life+EPF section. For example, if the total premium you're paying for your whole-life critical illness policy is RM4,000, you can only claim up to RM2,400 for the Medical+Education Section (max is RM3,000). The remaining RM1,600 is to be relieved under Whole-life+EPF section, if still available. (Maximum is RM6,000). |
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Apr 17 2011, 09:14 PM
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Junior Member
78 posts Joined: Mar 2010 |
how can i pay income tax using maybank2u?
in the screen here , choose Jenis Bayaran Bayaran Cukai Pendapatan (tidak termasuk skim ansuran) ? This post has been edited by loanneeded: Apr 17 2011, 09:16 PM |
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Apr 17 2011, 09:15 PM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(loanneeded @ Apr 17 2011, 09:14 PM) Try this: http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal |
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Apr 17 2011, 09:33 PM
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Junior Member
78 posts Joined: Mar 2010 |
what is installment number when paying through maybank2u?
payment code should be bayaran cukai pendapatan (tiada ansuran)? Added on April 17, 2011, 9:35 pmok, nvm . it say • Please key-in zero in your installment number if it is not applicable. This post has been edited by loanneeded: Apr 17 2011, 09:35 PM |
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Apr 17 2011, 09:37 PM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(loanneeded @ Apr 17 2011, 09:33 PM) what is installment number when paying through maybank2u? If you select Payment code 095, the installment number is greyed off (99).payment code should be bayaran cukai pendapatan (tiada ansuran)? Added on April 17, 2011, 9:35 pmok, nvm . it say • Please key-in zero in your installment number if it is not applicable. |
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Apr 18 2011, 12:03 AM
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Senior Member
789 posts Joined: Feb 2011 |
According to income tax act 1967 S113(2), the penalty for omission or understatement of income is 100% of the tax undercharged. Does it mean if the person omit to declare RM100K revenue, the tax penalty is RM100K?
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Apr 18 2011, 04:48 AM, updated 15y ago
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Newbie
1 posts Joined: Apr 2011 |
Dear Sir/Madam,
maybe you can help me out about my issue.... i am a malaysian and i heard in malaysia there's a rules by bank negara to encourage money made below RM 5mil from oversea can bring back to malaysia without needing to declare tax, is this true ? if do, can i know the detail condition/limit ? i am making RM20-30k monthly (200-300k/year) from online business and wonder if can wire back to malaysia without payign tax? is the RM 5mil per year or RM 5mil limit for lifetime for a name??? and what procedure should i go thru ? or who should i contact to start [i read on somewhere, we need to go bank negara to get a FORM and declare but i dont know what form is that, maybe you can advise me about what exact form is that?] sorry if i have email the wrong person for help ... maybe if u know someone who can help me out ? thank you Watt |
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Apr 18 2011, 06:20 AM
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Junior Member
285 posts Joined: Jul 2007 From: Sabah, North Borneo, Borneo Island. |
I work offshore overseas and the Lembaga Hasil Dalam Negeri office told me that earnings earned outside malaysia is exempted from income tax.
Your online buisness isnt registered in Malaysia is it? if yes, there is high probablity u may have to pay income tax. maybe u can try wiring the money in small amounts weekly to avoid detection? |
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Apr 18 2011, 10:30 AM
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Junior Member
375 posts Joined: Nov 2005 |
for the housing loan interest, do we claim the interest charged or interest paid?
I am asking this because my loan started in midyear, so barely got to rm10k. The statement cuts off at Dec 2010 but the payment for december is in January. So say the last payment is 2k. Do i claim 8k (paid in 2010 although i did pay for the Dec in Jan 2011) or 10k (interests charged in 2010)? Anyone knows? I tried calling IRB but the lines can't get thru anyone. |
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Apr 18 2011, 11:05 AM
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Senior Member
1,556 posts Joined: Jan 2003 |
what is teh difference betweent these 2?
084 Tax Instalment Payment - Individual 095 Income Tax Payment (excluding instalment scheme) Added on April 18, 2011, 11:07 amand if using maybank online payment, it will ask to choose bayaran cukai or penyelesaian cukai which one to choose? why so confusing one............ This post has been edited by labtec: Apr 18 2011, 11:07 AM |
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Apr 18 2011, 12:00 PM
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Junior Member
200 posts Joined: Jul 2008 From: Selangor |
What is the main difference when submitting under my own name vs with spouse?
Under what circumstances is one better than the other? I checked both, and somehow the amount that needs to be paid differs a lot, but I think the input is the same. |
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Apr 18 2011, 12:14 PM
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Senior Member
1,681 posts Joined: Dec 2010 From: Selhurst Park, N9 |
Anybody knows whether clothes and shoes
using for sports can be considered as sports equipment or not? Just asking Sorry found the answer ady This post has been edited by hyzam1212: Apr 18 2011, 12:16 PM |
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