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 Income Tax Issues

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DV8tor
post Apr 29 2009, 02:17 AM

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QUOTE(Dannyl @ Apr 29 2009, 02:12 AM)
My EA has a line titled TOTAL TAX EXEMPT ALLOWANCES/PERQUISITES/GIFTS/BENEFITS with value of RM50.10.  I think this should go to Tolakan cukai seksyen 110 (lain-lain) / Section 110 tax deduction (others) or am I wrong?

BTW, how much is the tax rate for Public Mutual dividends?  Where to find out?
*
Your RM50.10 is in column G in your EA form? If yes, its tax exempted. It means its not subjected to tax (my case it was my parking allowance put into column G)

However, your "Tolakan cukai seksyen 110 (lain-lain) / Section 110 tax deduction (others)" would be from your Public Mutual Dividends, not the RM50.10.

On regards to the tax rate for PB Mutual unit trusts, I put in 26% as the Corporate tax for 2008 is 26%. Can anyone confirm this figure?
Dannyl
post Apr 29 2009, 02:42 AM

what the fucuk-yimai
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QUOTE(DV8tor @ Apr 29 2009, 02:17 AM)
Your RM50.10 is in column G in your EA form? If yes, its tax exempted. It means its not subjected to tax (my case it was my parking allowance put into column G)

However, your "Tolakan cukai seksyen 110 (lain-lain) / Section 110 tax deduction (others)" would be from your Public Mutual Dividends, not the RM50.10.

On regards to the tax rate for PB Mutual unit trusts, I put in 26% as the Corporate tax for 2008 is 26%. Can anyone confirm this figure?
*
Yes, it's column G. What did you do with your Column G? Which part of the form do I fill in?
SinaranX
post Apr 29 2009, 08:08 AM

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Hi guys, not sure if this has been asked before so here it goes.

I have two EA forms since I have changed company twice last year. How would I fill up the Borang BE for the employer reference number?Thanks!
peachmonkey
post Apr 29 2009, 08:36 AM

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I've already made payment via Maybank2U.

Is there any way I can check/confirm if LHDN has received my payment? All I have now is the confirmation slip from Maybank2U.
nothingz
post Apr 29 2009, 08:51 AM

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QUOTE(g88 @ Apr 28 2009, 10:49 PM)
this few days is peak period for submission..you either do it after midnight or before 8am..somemore with office network baru fast..else our 1MB broadband will like siput...

** btw anyone 'cheated' in your declaration ?? How they suppose to 'trace' ?
*
you can run, you can hide but you can't escape from IRB. unless you don't buy any real property, motor vehicle

QUOTE(peachmonkey @ Apr 29 2009, 01:56 AM)
Hi all,

Need some help on how to make payments to LHDN via Maybank2U.

Payment Code : 095 - Bayaran Cukai Pendapatan (Tiada Ansuran)
Assessment Year : 2008
Installment Number : ?

Please advise if the details above are correct and what should I fill in the 'Installment Number' section.

Another question,
The payee is LHDN (Semenanjung) if I'm working in Semenanjung but am from Sabah correct? Or is the payee according to which area you are from?

Thanks in advance!
*
instalment number 99

QUOTE(Dannyl @ Apr 29 2009, 02:12 AM)
My EA has a line titled TOTAL TAX EXEMPT ALLOWANCES/PERQUISITES/GIFTS/BENEFITS with value of RM50.10.  I think this should go to Tolakan cukai seksyen 110 (lain-lain) / Section 110 tax deduction (others) or am I wrong?

BTW, how much is the tax rate for Public Mutual dividends?  Where to find out?
*
there is 1 row of figures in your dividend, just take up those taxable amount which are those 2 on your left (if i'm not mistaken) then use a calculator to get the percentage

QUOTE(Dannyl @ Apr 29 2009, 02:42 AM)
Yes, it's column G.  What did you do with your Column G?  Which part of the form do I fill in?
*
ignore the figure at section G

QUOTE(SinaranX @ Apr 29 2009, 08:08 AM)
Hi guys, not sure if this has been asked before so here it goes.

I have two EA forms since I have changed company twice last year. How would I fill up the Borang BE for the employer reference number?Thanks!
*
fill in the second employer

QUOTE(peachmonkey @ Apr 29 2009, 08:36 AM)
I've already made payment via Maybank2U.

Is there any way I can check/confirm if LHDN has received my payment? All I have now is the confirmation slip from Maybank2U.
*
as long as you already have the receipt, that's enough
attahun
post Apr 29 2009, 09:36 AM

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QUOTE(nothingz @ Apr 28 2009, 09:36 AM)
Yes but till 2008 only, Y/A 2009 would be more since the rebate has increased from 350 to 400
*
yes u're right...
deodorant
post Apr 29 2009, 10:37 AM

Surfing LYN instead of Working.
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lol I just got a Form J for year 2006 (that I didn't declare tax cos my salary back then was like 2k or something).

Dunno where on earth they estimate my yearly salary from & calculate that I owe 400 bucks ... wtf ... sigh ...
nothingz
post Apr 29 2009, 10:55 AM

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LOL, prepare a tax computation for year 2006 and prove them wrong. don't forget to include the Bonus which you received in Year 2007
Notoriez
post Apr 29 2009, 11:36 AM

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What will happen if you never declare your income?
nothingz
post Apr 29 2009, 11:44 AM

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don't buy real property or motor vehicle
cute_boboi
post Apr 29 2009, 11:58 AM

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QUOTE(g88 @ Apr 28 2009, 10:49 PM)
this few days is peak period for submission..you either do it after midnight or before 8am..somemore with office network baru fast..else our 1MB broadband will like siput...

** btw anyone 'cheated' in your declaration ?? How they suppose to 'trace' ?
*
I tried whole day yesterday from office network - leased line with guaranteed upload & download bandwidth, unlike broadband best-effort basis. sweat.gif LHDN website too slow. Finally submitted it this morning 1am+ sweat.gif tongue.gif

Tomorrow (last day) going over to pay by physical cheque and get a physical temporary-receipt (old school rolleyes.gif )

Cheat ? rolleyes.gif Same like cheating in exam. No one catch/audit you, you are lucky. Get caught, either retake the exam (pay fees/penalty) or get kicked out (tax evasion - court case/jail/etc.) and get sleepless night.

They trace by randomly audit people. Like an interview, they will ask you show this receipt, that receipt, ask you explain this, explain why that, where you stay, with who, what car you drive, got go holidays, overseas/local, see what you wear, etc. If you don't have proper proof ->> doh.gif

If you say parents/relatives give you money, even better. They'll start audit your dad, mom, uncle, etc. doh.gif doh.gif Drag all in one net.
nothingz
post Apr 29 2009, 12:03 PM

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QUOTE(cute_boboi @ Apr 29 2009, 11:58 AM)
I tried whole day yesterday from office network - leased line with guaranteed upload & download bandwidth, unlike broadband best-effort basis.  sweat.gif  LHDN website too slow. Finally submitted it this morning 1am+  sweat.gif  tongue.gif

Tomorrow (last day) going over to pay by physical cheque and get a physical temporary-receipt (old school  rolleyes.gif  )

Cheat ?  rolleyes.gif  Same like cheating in exam. No one catch/audit you, you are lucky. Get caught, either retake the exam (pay fees/penalty) or get kicked out (tax evasion - court case/jail/etc.) and get sleepless night.

They trace by randomly audit people. Like an interview, they will ask you show this receipt, that receipt, ask you explain this, explain why that, where you stay, with who, what car you drive, got go holidays, overseas/local, see what you wear, etc. If you don't have proper proof ->>  doh.gif

If you say parents/relatives give you money, even better. They'll start audit your dad, mom, uncle, etc.  doh.gif  doh.gif  Drag all in one net.
*
is it really that bad, i was able to log in and proceed with e-filing last night from 7pm onwards
mtsen
post Apr 29 2009, 12:04 PM

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QUOTE(nothingz @ Apr 29 2009, 11:44 AM)
don't buy real property or motor vehicle
*
or use parent's name to buy, then write in their will giving you as a gift when they are gone, non-taxable.


Added on April 29, 2009, 12:05 pm
QUOTE(nothingz @ Apr 29 2009, 12:03 PM)
is it really that bad, i was able to log in and proceed with e-filing last night from 7pm onwards
*
if really rich and laundering money then yes really that bad, if lubang here lubang there anyway, not that bad at all ...

This post has been edited by mtsen: Apr 29 2009, 12:05 PM
nothingz
post Apr 29 2009, 12:06 PM

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QUOTE(mtsen @ Apr 29 2009, 12:04 PM)
or use parent's name to buy, then write in their will giving you as a gift when they are gone, non-taxable.
*
make sure your parents have the income requirement to finance that property/mv otherwise you are just getting them into trouble too
cherasbabe
post Apr 29 2009, 12:32 PM

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My AIA insurance statement got 4 types: Life, Medical, Accident & Disability

where can i put accident & disability for relief?
nothingz
post Apr 29 2009, 12:34 PM

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accident sure cannot claim
disability i also never claimed

means just ignore those 2 figures, or you can try to read the front and back of the statement, see got any explanation on the income tax relief
InTheRush
post Apr 29 2009, 12:38 PM

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hi.. i wana ask
for further education, i can only claim maximum of rm5000
so if i am doing a masters part time program tat cost rm30000
can i claim it over a few years?
nothingz
post Apr 29 2009, 12:43 PM

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QUOTE(InTheRush @ Apr 29 2009, 12:38 PM)
hi.. i wana ask
for further education, i can only claim maximum of rm5000
so if i am doing a masters part time program tat cost rm30000
can i claim it over a few years?
*
the claim is based on your payment receipts, if you pay by instalments then every year would have receipts for you to claim
shadowcaster
post Apr 29 2009, 01:39 PM

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Hey guys, i've paid my income tax using M2U with code 095 but as i was checking my BE pdf on the last page it states at the bottom "kod bayaran 084 and nombor ansuran 99". So should i have paid using 084 instead?? Very confusing.

This post has been edited by shadowcaster: Apr 29 2009, 01:39 PM
InTheRush
post Apr 29 2009, 02:01 PM

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QUOTE(nothingz @ Apr 29 2009, 12:43 PM)
the claim is based on your payment receipts, if you pay by instalments then every year would have receipts for you to claim
*
oops... if i made full payment then in 2008
then i can only deduct from 2008 income tax? and not 2009 onwards?

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