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 Income Tax Issues

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menmissed
post Mar 4 2010, 01:19 PM

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QUOTE(leongal @ Mar 4 2010, 11:34 AM)
it is not tax relief

it is under the "Aggregate Income" call - Less: Donations and Gifts, in the section "Statutory Income and Total Income"
*
addins..
something like this,

Agg Incm
(-) Donations
=Total Incm
(-)Reliefs
=Chargeable Incm
First amount
Next remaining amount x rate
Total Tax Payable
(-)Rebate
Remaining Tax Payable

Added on March 4, 2010, 1:31 pm
QUOTE(raydeness @ Mar 4 2010, 12:03 AM)
unicef donation falls under which column in the tax relief ?
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always remember the 7% matter in individual donations. company is 10% of aggregate income.

This post has been edited by menmissed: Mar 4 2010, 01:31 PM
menmissed
post Mar 14 2011, 07:33 PM

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Let's say an individual have a small business, he didn't declare its income and compute tax for few year, because of some issue of uneducated and don't have any formal recording of his business. Now, he want to declare and pay tax. What should he do? He don have any account at lhdn yet. Anyway,He got some bills to track some business records.

Anyone pls help and comments. Tq!
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