Borang B since u got carry on business.

Bro, eventhough u wan to do accounts by yrself but at the end u must employ a tax agent to help u compute the tax for u.

to do a tax return he/she needs to be qualified under Section 153(3) of the Income Tax Act 1967. that's mean u cant be a tax agent and submit the return for yrself. u need to employ a qualified person are authorised to act on behalf of u for the income tax act purposes.

normally tax agent will help u do all the accounts, compute tax, fill in Borang B and submit it for u too. 1 leg kick all. u juz have to pay the agent fee.

r u good in accounting? if u have knowledge in accounting juz start do it with the cash book first. record all the receipts and payments side then do all the posting. normally, if u finished yr cash book u already done 80% of yr accounting works. when doing CB make sure u refer back with yr bank statement/chq butt so that no transaction are left out. after that records all the sales and purchases. then do Fixed assets & capital allowance schedule, Income statement and balance sheet.

make sure u kept all the payment vouchers, receipts and relevant documents at least 7 years.

ofcoz u can submit yr own tax return~

if u oredi employ a tax agent y u still submit it by yrself. ask the agent to submit it for u. u pay him and agent should provide his service what.

Normally ppl know how to do all the accounts but they dun have the tax knowledge. That's y u have to get a tax agent to do a tax return on behalf of u.
what i'm talking is referring to booleanx. not everyone dude

"to do a tax return he/she needs to be qualified under Section 153(3) of the Income Tax Act 1967" what i mean here is for someone (agent) to do a tax return on behalf of another person. is not u muz qualified under Section 153(3).

sry if got any misleading~

u can take a blank Borang B & fill in 1st if u want

Form BE is for Resident who does not carry on business in Malaysia.

An individual is regarded as tax resident if he meets any of the following conditions, i.e. if he is
- in Malaysia for at least 182 days in a calendar year;
- in Malaysia for a period of less than 182 days during the year
(“shorter period”) but that period is linked to a period of physical presence of 182 or more “consecutive” days in the following or preceding year (“longer period”). Temporary absences from Malaysia for certain specified reasons during the shorter or longer period are counted as part of the consecutive days, provided that the individual is in Malaysia before and after each temporary absence;
- in Malaysia for 90 days or more during the year and, in any 3 of the 4 immediately preceding years, he was in Malaysia for at least 90 days or was resident in Malaysia;
- resident for the year immediately following that year and for each of the 3 immediately preceding years.

You hv to submit Borang BE & pay tax if u meet any conditions above. If not u still hv to pay yr tax and submit Form M (Return form of a non-resident invidual) instead of Borang BE.

Correct me if i'm wrong

aik..this is not apply for foreigner who working in M'sia but less than 60 days meh?

Bro, sport shoes is sportswear not equipment

Once u submitted yr form...IRB will treat yr account / tax are correct first. after that, when IRB's staff are free then they will start doing their job. they use the computer and select based on evalaution risk criteria. Beside that they also will select base on location, industries, third-party etc to do the tax audit.
Receipts no need submit to them. If they selected u then u maybe have to provide all/some of the receipts/documents for them to audit yr accounts. that's y u hv to keep all the relevant documents up to 7 years.
if they found out, u simply fill in the amount then u'll kena penalty lo.

for your case u can ignore Section G

---

Added on March 27, 2009, 10:11 pmu can talk to yr boss and ask him shift allowance change to meal allowances. meal allowances is not taxable.

This post has been edited by babychai: Mar 27 2009, 10:11 PM

start from YA 2009 meal allowances is fully exempted

y not sure? juz refer 2009 Budget.

---

Added on March 28, 2009, 12:51 pm1) Hmmm...i personally think if u can proof that u paid the medical expenses then can already.

2) Yes, u can.

This post has been edited by babychai: Mar 28 2009, 12:51 PM

o yeah...alright thx for correcting me

cannot. the claim is allowed once every 3 years.

cannot. different year cannot combine one. unless both receipts in same year~

we have to pay tax is becoz money is belong to governtment. it's govt make the money not u. now take out your money note and you'll saw got our beloved Agung head one. so "taxable portion" give to govt is the right thing to do. somebody agree with me?

This post has been edited by babychai: Apr 9 2009, 10:47 PM

Payment code for the balance of tax if payment is made at the bank is 095. If payment is made through IRB counter or by mail then u have to use 084 i.e. use the CP501 slips when making payment.

Do not worry & stay calm. Is ok if u submitted it oredi. IRB won't fine you because of this. They know yr payment is what for. Many ppl put 084 for so many years but still nothing happen to them. You are not alone. So, juz relax

This post has been edited by babychai: Apr 29 2009, 11:37 PM

maybe they investigating yr wife got avade tax or not. that takes a lot of time to investigate man~

that's the reason why they investigate la! LoL