Income Tax Issues
Income Tax Issues
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Mar 2 2010, 07:54 PM
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Senior Member
782 posts Joined: Nov 2004 From: Down under |
I thought we can have up to RM500 rebate on internet? I dont see the option in the ebilling
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Mar 2 2010, 11:26 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
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Mar 2 2010, 11:51 PM
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Senior Member
6,657 posts Joined: Jul 2006 |
our budget announcement is always about next year which effective will be the following year, tht's y so much confused..
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Mar 2 2010, 11:52 PM
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Senior Member
633 posts Joined: Jan 2006 |
QUOTE(yewkhuay @ Feb 25 2010, 03:05 PM) Hi all, I remember in 2009 govt announce 3yrs for interest paid for house loan from 2009 for income tax, can someone verify this ? and if it is true under which column we claim interest paid to bank to waive from tax? QUOTE(duke_raynor @ Mar 2 2010, 04:20 PM) Hi YewKhuay You would be eligible if you signed an S & P between 10 Mac 2009 and 31 Dec 2010. The interest on your housing loan is tax deductible if the property is not rented out. Note if you are on those promotion by developer where interest is absorbed by developer until OC, you will not be eligible for this deduction. also for one property only.I just recieved the form from LHDN. I am still not using thier online system. I noted that in the section D8D. However I dont know how to fill up this portion. Anyone knows how to fill this section please let me know as well. |
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Mar 3 2010, 12:20 AM
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All Stars
21,310 posts Joined: Jan 2003 From: Kuala Lumpur |
QUOTE(Sitting Duck @ Mar 2 2010, 03:55 PM) Hi, my wife is not working.. and all these while I declare my income tax as individual. If wife has zero income, choose combined to get the Tax Relief for Wife which is RM3000. If individual assessment, you don't get that.So should I continue to file it as individual or combine? What is the advantage of it filing it as individual or combine? And can someone tell me what does "Ketetapan Umum Dipatuhi" means? Thanks for the advice in advance. Ketetapan Umum must be set to Setuju... ALWAYS !!! This is referring to the Public Ruling (aka rules of income tax) This post has been edited by ronnie: Mar 3 2010, 12:24 AM |
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Mar 3 2010, 12:26 AM
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All Stars
21,310 posts Joined: Jan 2003 From: Kuala Lumpur |
If you go to https://e.hasil.gov.my/ is very confusing with the date.... Top title of menu says : e - F i l i n g 2 0 1 0 But the news portions says :- PENGUMUMAN Sistem e-Filing untuk Borang e-E 2009, e-BE 2009,e-B 2009,e-P 2009 dan e-M 2009 akan dibuka mulai 1hb Mac 2010 |
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Mar 3 2010, 12:37 AM
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All Stars
21,310 posts Joined: Jan 2003 From: Kuala Lumpur |
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Mar 3 2010, 01:00 AM
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Senior Member
634 posts Joined: Mar 2007 |
Anyone here already overpaid and still waiting for the return?
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Mar 3 2010, 09:14 AM
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Senior Member
3,188 posts Joined: Jul 2007 From: A place called "home" |
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Mar 3 2010, 09:25 AM
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Senior Member
634 posts Joined: Mar 2007 |
i see.
i'm just asking because i know someone that can fasten the process. |
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Mar 3 2010, 09:31 AM
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Senior Member
3,039 posts Joined: Jan 2003 From: Laputa |
QUOTE(ronnie @ Mar 3 2010, 12:20 AM) If wife has zero income, choose combined to get the Tax Relief for Wife which is RM3000. If individual assessment, you don't get that. You better be sure on what you are doing.Ketetapan Umum must be set to Setuju... ALWAYS !!! This is referring to the Public Ruling (aka rules of income tax) |
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Mar 3 2010, 09:31 AM
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Newbie
2 posts Joined: Jan 2008 |
QUOTE(penangmee @ Mar 2 2010, 11:52 PM) You would be eligible if you signed an S & P between 10 Mac 2009 and 31 Dec 2010. The interest on your housing loan is tax deductible if the property is not rented out. Note if you are on those promotion by developer where interest is absorbed by developer until OC, you will not be eligible for this deduction. also for one property only. Hi PenangmeeThanks. This is interesting. This does not apply only to purchase of new property from developer but also for the subsales as well rite? 2 questions, (1) I just signed the S&P end of 2009 and I have not start paying the loan because still under process, which means not applicable for me this round rite? (2) Do you know if is eligable if you purchase the property with 2 names? |
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Mar 3 2010, 10:53 AM
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VIP
8,023 posts Joined: Jan 2003 From: :: Cheras :: |
QUOTE(ronnie @ Mar 3 2010, 12:26 AM) If you go to https://e.hasil.gov.my/ is very confusing with the date.... Actually that's correctTop title of menu says : e - F i l i n g 2 0 1 0 But the news portions says :- PENGUMUMAN Sistem e-Filing untuk Borang e-E 2009, e-BE 2009,e-B 2009,e-P 2009 dan e-M 2009 akan dibuka mulai 1hb Mac 2010 e-Filing 2010 is for Borang BE 2009 (assessment year 2009 |
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Mar 3 2010, 12:17 PM
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Junior Member
473 posts Joined: Jul 2006 |
QUOTE(ronnie @ Mar 3 2010, 12:20 AM) If wife has zero income, choose combined to get the Tax Relief for Wife which is RM3000. If individual assessment, you don't get that. Tax relief for wife is "Suami / Isteri / Bayaran alimoni kepada bekas isteri (TERHAD 3,000)", even though i choose Invidual, I can still put this amount in. Not neccesary for combine accessment, right?Ketetapan Umum must be set to Setuju... ALWAYS !!! This is referring to the Public Ruling (aka rules of income tax) |
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Mar 3 2010, 12:22 PM
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Senior Member
3,188 posts Joined: Jul 2007 From: A place called "home" |
QUOTE(Sitting Duck @ Mar 3 2010, 12:17 PM) Tax relief for wife is "Suami / Isteri / Bayaran alimoni kepada bekas isteri (TERHAD 3,000)", even though i choose Invidual, I can still put this amount in. Not neccesary for combine accessment, right? this can be claimed only if you are filing in as joint/ combined assessment |
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Mar 3 2010, 01:30 PM
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Senior Member
2,661 posts Joined: Jan 2003 |
@ronnie
RM9K individual tax deduction only applicable from Year2010. |
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Mar 3 2010, 04:08 PM
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Senior Member
934 posts Joined: Jan 2003 From: Some where in Seremban |
i heard some say kwsp contribution is not taxable? is that true? the only colume i can see is life insurance and kwsp which is only rm6k maximum. anyone can verify this?
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Mar 3 2010, 05:15 PM
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Senior Member
2,661 posts Joined: Jan 2003 |
@Eden
Your KWSP & Insurance will share a portion of max 6K. However, if you have maxed out ur KWSP, you may transfer the Insurance portion to your wife. |
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Mar 3 2010, 05:28 PM
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Senior Member
934 posts Joined: Jan 2003 From: Some where in Seremban |
thanks guanteik, beside kwsp, are transport allowance got tax exempt rm2400 per annual?
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Mar 3 2010, 07:59 PM
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Junior Member
346 posts Joined: Oct 2005 |
QUOTE(Eden @ Mar 3 2010, 04:08 PM) i heard some say kwsp contribution is not taxable? is that true? the only colume i can see is life insurance and kwsp which is only rm6k maximum. anyone can verify this? max is RM6K. that's for KWSP + Life insurance.There's another portion below that, max 3K, for Medical insurance. |
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