Income Tax Issues
Income Tax Issues
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Apr 11 2010, 06:51 PM
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#1
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2,991 posts Joined: Jun 2007 |
Tolak : Jumlah tolakan/pelepasan cukai (Pelepasan cukai seksyen 132 & 133 terhad kepada jumlah cukai yang dikenakan) Less : Total tax deduction/relief (Section 132 & 133 tax relief restricted to total tax charged) I do e-filing. I key in the Gross Dividend received, and the tax deducted from this Dividend. Funny thing is, this tax deducted appear under the line "Section 132 & 133". I thought it should appear under section 110? A search from the internet revealed that S 132 & 133 is related to Double Taxation. Is there something wrong with the e-filing? |
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Apr 12 2010, 06:27 PM
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#2
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Anyone can help with my queries?
QUOTE(simplesmile @ Apr 11 2010, 06:51 PM) Tolak : Jumlah tolakan/pelepasan cukai (Pelepasan cukai seksyen 132 & 133 terhad kepada jumlah cukai yang dikenakan) Less : Total tax deduction/relief (Section 132 & 133 tax relief restricted to total tax charged) I do e-filing. I key in the Gross Dividend received, and the tax deducted from this Dividend. Funny thing is, this tax deducted appear under the line "Section 132 & 133". I thought it should appear under section 110? A search from the internet revealed that S 132 & 133 is related to Double Taxation. Is there something wrong with the e-filing? |
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Apr 13 2010, 09:19 PM
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#3
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QUOTE(penangmee @ Apr 13 2010, 12:06 AM) Look at the form again carefully. It does not appear in the Sek 132/133 column. It appears in the tax deduction under Sec 51 Finance Act 2007 column. as it should be. Company dividends no longer appear under section 110 effective 2008. 1. Maklumat Individu | Particulars of Individual 2. Pendapatan Berkanun & Jumlah Pendapatan | Statutory Income and Total Income 3. Pendapatan Tahun Kebelakangan | Income Of Preceding Years Not Declared 4. Tuntutan Pelepasan | Deduction Claim 5. Tuntutan Rebat / Tolakan Cukai / Pelepasan Cukai | Rebate Claim / Tax Deduction / Tax Relief 6. Rumusan Cukai | Tax Summary Goto the last page, summary. The tax dividend paid is listed as Tolak : Jumlah tolakan/pelepasan cukai (Pelepasan cukai seksyen 132 & 133 terhad kepada jumlah cukai yang dikenakan) Less : Total tax deduction/relief (Section 132 & 133 tax relief restricted to total tax charged) I'm wondering if this is a systems glitch. If I click "submit", will I be penalised later for wrongful submission? ie, claiming as S 132 & S 133 instead of Section 51 |
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May 1 2010, 11:17 PM
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#4
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May 9 2010, 02:40 PM
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#5
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QUOTE(xSean @ May 9 2010, 02:13 PM) may i know for sole prop, if my net profit is rm1k for this year, is it i will take all rm1k? if next year net profit is rm100k, then take all rm100k? The malaysia income tax systems is a progressive tax systems. The higher your income, the higher the tax %. Relax, you're not being taxed 100%. So if you have profit Rm100k, then only a certain % is taxed. You can keep the balance.another, if my parents not working, can i employ them and pay rm20k annual salary which sure not eligible to pay tax? |
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