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 Income Tax Issues

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guanteik
post May 17 2011, 12:20 PM

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QUOTE(David83 @ May 17 2011, 08:40 AM)
My friend told me that a LHDN officer went to his company for some Q&A session on the tax filing.

That officer explained and dismissed the claim for Ipad/Ipad2. The conclusion drawn as below:

Ipad with WiFi only: Can claim for computer relief
Ipad with WiFi & 3G: Equivalent to Iphone and cannot claim.
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David, thanks, at least I see some consistency in their reply. Though I might miss out the "Ipad with WiFi only"
debbieyss
post May 17 2011, 02:00 PM

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One question:

I saw someone posted that he claimed his purchase of newspaper and magazines from his income tax. I thought that is only for books?
lytros
post May 17 2011, 03:33 PM

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QUOTE(debbieyss @ May 17 2011, 02:00 PM)
One question:

I saw someone posted that he claimed his purchase of newspaper and magazines from his income tax. I thought that is only for books?
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The tax relief is for purchases of books, journals, magazines and other similar type of publications. It excludes newspapers and prohibited reading materials (eg. porno magazines).

This post has been edited by lytros: May 17 2011, 03:34 PM
rain55
post May 17 2011, 06:12 PM

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how do we send the borang BE? with post office normal mailing?but i didnt hav the envelope because i collect the borang be from the branch, or we must attend to pandan indah directly pass the borang be?
munkeyflo
post May 17 2011, 10:55 PM

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QUOTE(rain55 @ May 17 2011, 06:12 PM)
how do we send the borang BE? with post office normal mailing?but i didnt hav the envelope because i collect the borang be from the branch, or we must attend to pandan indah directly pass the borang be?
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I think you can just use any envelop will be fine. As long as you have the right address on it.
One way is to submit it directly to LHDN office.

Try using e-Filling next time. Easy and more convenient.
cadmus
post May 19 2011, 03:55 PM

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Hi, may i know when will the tax refund will be given usually?
i submitted sometime end of April i think.


HHalphaomega
post May 19 2011, 07:37 PM

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QUOTE(cadmus @ May 19 2011, 03:55 PM)
Hi, may i know when will the tax refund will be given usually?
i submitted sometime end of April i think.
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You should get a reply after 3 - 4 weeks. It could be dragged further as well since you submitted later towards the end of the April 2011.

Felice821
post May 19 2011, 09:10 PM

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I submitted 3rd April ... till now still got no updates..
500Kmission
post May 20 2011, 12:51 AM

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QUOTE(Felice821 @ May 19 2011, 09:10 PM)
I submitted 3rd April ... till now still got no updates..
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I submit on 4 april, i receive refund on 13 may. The LHDN officer say it take 30 days to process. I think you shd call them for status.
Felice821
post May 20 2011, 01:28 AM

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QUOTE(500Kmission @ May 20 2011, 12:51 AM)
I submit on 4 april, i receive refund on 13 may. The LHDN officer say it take 30 days to process. I think you shd call them for status.
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30 working days??? And sorry for the wrong date, I submitted 4/4/2011 4:30pm ..
zenwell
post May 20 2011, 10:32 AM

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can we claim income tax deduction when we donate to charity not in the form of cash? example: I spend rm1000 to buy all the daily stuff and donate to a few charity, how do i claim income tax?
cute_boboi
post May 20 2011, 11:13 AM

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QUOTE(zenwell @ May 20 2011, 10:32 AM)
can we claim income tax deduction when we donate to charity not in the form of cash? example: I spend rm1000 to buy all the daily stuff and donate to a few charity, how do i claim income tax?
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Possible.

If only it is approved charity that falls under the guideline of income tax (Approved Institutions or Organisations). If you donate stuff worth XXXX to approved-charity, then you may ask them to write you a receipt for it (but must have something like Income Tax Exempted under Section 44(6) of Income Tax Act 1967 Ref: JHDN 01/35/42/51/179-x.xxxx Govt. Gazette No: xxxx )

The receipt cannot be simply buy from Popular bookshop type receipt, unless it is chopped by the charity with income tax approval reference)

munkeyflo
post May 20 2011, 01:14 PM

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QUOTE(zenwell @ May 20 2011, 10:32 AM)
can we claim income tax deduction when we donate to charity not in the form of cash? example: I spend rm1000 to buy all the daily stuff and donate to a few charity, how do i claim income tax?
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You'll have to get the receipt from them. If I'm not mistaken, only certain charity donation can be exempted from tax. They'll mail you the receipt that states that it's for income tax purposes.
cadmus
post May 20 2011, 02:39 PM

too long...
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QUOTE(HHalphaomega @ May 19 2011, 07:37 PM)
You should get a reply after 3 - 4 weeks. It could be dragged further as well since you submitted later towards the end of the April 2011.
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QUOTE(Felice821 @ May 19 2011, 09:10 PM)
I submitted 3rd April ... till now still got no updates..
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I just received my refund today. direct transfer to my CIMB acc. biggrin.gif
Nepo
post May 20 2011, 02:54 PM

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Added on May 20, 2011, 2:54 pm
QUOTE(cute_boboi @ May 20 2011, 11:13 AM)
Possible.

If only it is approved charity that falls under the guideline of income tax (Approved Institutions or Organisations). If you donate stuff worth XXXX to approved-charity, then you may ask them to write you a receipt for it (but must have something like Income Tax Exempted under Section 44(6) of Income Tax Act 1967 Ref: JHDN 01/35/42/51/179-x.xxxx Govt. Gazette No: xxxx )

The receipt cannot be simply buy from Popular bookshop type receipt, unless it is chopped by the charity with income tax approval reference)
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In theory, it is possible. But, in practice it is difficult. Will Receipt Issue Clerk quantify for the goods u purchase to monetary term? For example, a King brand Matress - one shop sells for RM 2000 whereas another shop sells for RM 2200.... Moreover, it may let to immoral issues...e.g. stolen goods/things for donation...

For donation of drawing by artists to government are qualify for tax deduction (if I m not mistaken). But, it also let to the problem of valuation to monetary term. rclxub.gif

This post has been edited by Nepo: May 20 2011, 03:05 PM
cute_boboi
post May 20 2011, 03:07 PM

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QUOTE(Nepo @ May 20 2011, 02:54 PM)

Added on May 20, 2011, 2:54 pm

In theory, it is possible. But, in practice it is difficult. How can u request the Receipt Issue Clerk to quantify for the goods u purchase to monetary term? For example, a King brand Matress - one shop sells for RM 2000 whereas another shop sells for RM 2200.... Moreover, it may let to immoral issues...e.g. stolen goods/things for donation...

For donation of drawing by artists to government are qualify for tax deduction (if I m not mistaken). But, it also let to the problem of valuation to monetary term.  rclxub.gif
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When you buy the thing, you will have the receipt. Pass to them.

If it is your own company stuff, ask your accounts dept to issue DO + Invoice (or pro-forma)

Also, it all depends on the charity/organisation IF they willing to issue receipt to you. After all, the person who donate, is for charity, not to dilly-dally for all other stuff (like the receipt).

If the person who ask this question, the priority is for the receipt rather than donation, then might as well choose any other charity that is already on the income tax approved list, simple.

Nepo
post May 20 2011, 03:32 PM

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QUOTE(cute_boboi @ May 20 2011, 03:07 PM)
When you buy the thing, you will have the receipt. Pass to them.

If it is your own company stuff, ask your accounts dept to issue DO + Invoice (or pro-forma)

Also, it all depends on the charity/organisation IF they willing to issue receipt to you. After all, the person who donate, is for charity, not to dilly-dally for all other stuff (like the receipt).

If the person who ask this question, the priority is for the receipt rather than donation, then might as well choose any other charity that is already on the income tax approved list, simple.
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Mind share the success chance for the issuance of receipt in this case. hmm.gif
cute_boboi
post May 20 2011, 03:57 PM

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QUOTE(Nepo @ May 20 2011, 03:32 PM)
Mind share the success chance for the issuance of receipt in this case. hmm.gif
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It's subjective, depending on the individual and the organisation, the people or network you know, whether they willing to help or not, to provide you the receipt. Or you may want to ask first before donating, tell them frankly you want the receipt for tax purpose.

Also, you must ask/check if the organisation is under the approved list or not. Otherwise, they give you Popular-receipt, you can't use it for tax claim purpose also. doh.gif

munkeyflo
post May 20 2011, 09:57 PM

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QUOTE(cute_boboi @ May 20 2011, 03:57 PM)
It's subjective, depending on the individual and the organisation, the people or network you know, whether they willing to help or not, to provide you the receipt. Or you may want to ask first before donating, tell them frankly you want the receipt for tax purpose.

Also, you must ask/check if the organisation is under the approved list or not. Otherwise, they give you Popular-receipt, you can't use it for tax claim purpose also.  doh.gif
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Yea that's true.
Normal written cash receipt won't be of much use at all.

I think it would be hard to calculate in monetary terms of goods donated. The receipt has to be from the charity foundation itself, not from the store you bought it.
500Kmission
post May 21 2011, 10:32 PM

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QUOTE(zenwell @ May 20 2011, 10:32 AM)
can we claim income tax deduction when we donate to charity not in the form of cash? example: I spend rm1000 to buy all the daily stuff and donate to a few charity, how do i claim income tax?
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Please check this link http://www.hasil.gov.my/goindex.php?kump=5...4&unit=1&sequ=1. If your donation is related to the link, sure is allowed.

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