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 Income Tax Issues

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lara_
post Apr 29 2009, 10:57 PM

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QUOTE(babychai @ Apr 29 2009, 09:40 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.
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OMG! I have made the payment through maybank2u using code 084. rclxub.gif

Do I need to repay again using 095?
How to claim back the payment using 084?

Anybody experience this before?
lara_
post Apr 29 2009, 11:53 PM

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QUOTE(babychai @ Apr 29 2009, 11:33 PM)
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  rclxms.gif
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I see. The draft/confirm tax form should put some description on payment mode.
I think most people will just follow 084 payment mode as stated in draft tax form.

Thanks!
lara_
post Mar 8 2010, 11:35 PM

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Does PA Insurance part of life insurance+epf relief?
lara_
post Apr 15 2010, 10:42 AM

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I also receive the same letter last week. Not sure what is that for.
lara_
post Apr 15 2010, 10:50 PM

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QUOTE(stupidbump @ Apr 15 2010, 07:14 PM)
Were you entitled to tax refund when u did your e-filling?
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Yes, I am entitle some refund but the letter does not come with refund check.
lara_
post Feb 28 2011, 10:58 PM

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Two years ago I have declare Swimming Trunk amount under sport relief. This year I want to pay back the error. How can I do it?
lara_
post Mar 23 2011, 09:27 PM

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Just get my refund check from IRB today. rclxms.gif
Quite disappointed they are not able to deposit directly into my bank account. tongue.gif
lara_
post Mar 23 2011, 09:33 PM

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QUOTE(leongal @ Mar 23 2011, 09:30 PM)
when did u file in?

yalor, in the form, they state the bank account is for them to bank in the cheque; end up, sending the cheque  blink.gif
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I submit on first day.
lara_
post Mar 24 2011, 07:54 PM

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QUOTE(ronnie @ Mar 23 2011, 11:20 PM)
The bank account entered is not use at the moment... cheque is the only refund method known so far.
Was your number BE 000001 ?
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Nope, by the time I submit, it is already 7K+ blush.gif
lara_
post Mar 25 2011, 08:29 PM

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QUOTE(David83 @ Mar 25 2011, 06:34 AM)
If you key in your bank details in the 1st page of the BE form, then they will bank in to you.

Otherwise if you left it blank, they'll mail you the cheque.
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So far I filled in my account number every year. But then I still received cheque. Maybe because my amount is small? cry.gif
lara_
post Mar 26 2011, 03:29 PM

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QUOTE(lala01 @ Mar 26 2011, 02:48 PM)
» Click to show Spoiler - click again to hide... «


All, need some expert help. From the above calculation, seems to be correct but when I calculate, I feel something is wrong haha.

Let's say my interest paid in 2010 is rm5000 (joined name by 2 person).
So, each of us paid RM 2500 for the interest only.

Based on the calculation, it will be;

RM10000 (allowable) x RM2500 (paid per person) / RM5000 (total interest paid) = RM 5000
That means I can claim for tax relief of RM5000?  blush.gif

Doesn't seem right...
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10K is max allowable if you paid more than 10K. Otherwise it is the amount you paid which in the case above 5K.
lara_
post Mar 26 2011, 04:08 PM

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QUOTE(lala01 @ Mar 26 2011, 03:33 PM)
Means I can ask for relief for RM5000 and my partner RM5000? Or each RM2500?
Then the calculation given in their website is not correct anymore..

Or RM10000 max / house? If shared by two, max allowable relief is RM5000?

Thanks
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Max per house is 10K. Each person 5K.
If you only pay 5K then it is 2.5K. It does not make sense to claim 5K each.

The formula is correct. You paid 5K, B/C if both same amount is equal to 1 which is still 5K. In your case, B/C is 1/2 which is 2.5K. How did you manage to get 5K/2 = 5K?
lara_
post Mar 26 2011, 06:33 PM

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QUOTE(lala01 @ Mar 26 2011, 04:43 PM)
Nah, I am calculating based on Max allowable relief per person RM10000. Didn't know that RM10k is max per house.
I'm asking because it doesn't make sense at 1st.

Thanks!


Added on March 26, 2011, 4:44 pm

Thank you so much! smile.gif
I do agree with you. So, actually we dont have to use that formula to calculate right?

I was thinking if me and my partner are paying rm4000 total interest, each rm2000 interest, both of us are eligible to claim tax relief of rm2000 per person.
If calculate based on B/C, it will be rm5000 x 1/2 = rm2500...    tongue.gif (or I phail in Maths? haha)

Understood now! Thanks all..
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Personally I think the math is to clarify on how to calculate the amount when there are more than 1 payee and >10K. It is not to belittle your maths. tongue.gif
lara_
post Mar 29 2011, 08:37 PM

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QUOTE(rayfoo @ Mar 29 2011, 07:13 PM)
received letter today from LHDN, refund.direct transfer to my account..previous year i received cheque..so fast...i just submit my Borang BE last few weeks ago
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My friend also receive refund today, through check also. Both of us filled MBB account when submit tax.
Just wonder, are your direct debit into MBB?
lara_
post Mar 29 2011, 11:32 PM

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QUOTE(rayfoo @ Mar 29 2011, 09:29 PM)
direct debit into CIMB, but last year I received cheque
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I think this year IRB only announce they will use direct debit to make the refund faster.

You use CIMB and get direct debit. I have 2 cases refund using check when using MBB. MBB does not support direct debit from IRB? hmm.gif
Need to wait others who is MBB user to confirm this.
lara_
post Mar 29 2011, 11:48 PM

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QUOTE(ronnie @ Mar 29 2011, 10:58 PM)
To those who received their refunds, can we have a list of

E-Filling Date Submission : ??? (refer to your slip pengesahan BE)
Refund Date : ??? (refer to your cheque date/ LHDN letter)
Refund Method : Cheque or Bank-In
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Myself:
E-Filling Date Submission : 1/3
Refund Date : 22/3
Refund Method : Cheque
Account Submit to IRB: MBB

Friend:
E-Filling Date Submission : 12/3
Refund Date : 25/3
Refund Method : Cheque
Account Submit to IRB: MBB

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