Further to above, I have called up another licensed tax agent and also talked to my licensed tax agent. BOTH agents said I should declare my dividends from REITS (All Malaysia REITS) and hence claim for tax refund. Under their calculation, after regrossing, I am actually claiming more than the 10% tax deducted at source. Amount deducted at source were RM598.08 but after regrossing, i would be claiming for RM1794.26.

Reading the Annual Reports from these REITS, all the reits income were exempted from income tax. The REIT only withhold 10% tax when they paid the unit holders. As such, the government had actually collected TOTAL tax of RM598.08 from me from the entire process but if I were to claim for RM1794.26, who is paying for difference???? This doesnt make sense at all.

At this juncture, I have decided NOT to declare these dividends from REITS despite what the tax agents had suggested.

If I am wrong, please kindly enlighten. Many thanks

Normally is due to you wrongly declare or put higher than max amount allowed on certain parts.

My advise is always:
(1) Are you very clean and always declare ? Be prepared they pick you up and ask you bring all receipts, etc. for audit. If clear and nothing to hide, no problem. Else kantoi.

(2) It is your right to know, and they must be able to show you their calculation on the new amount. Just call up or email, set an appointment, location and go bang table with them. But ... be prepared for #1 above.

(3) Otherwise, for that RM100+, my normal advise is, just move on with your life. Otherwise, get audit, waste time, money, petrol, parking, summon for park at roadside, etc. At the end, may get fine/penalty cause they found out more irregularities or non-declare or under-declare from other years ... kantoi.

OK, noted on your advise and thanks for it. This is my first time to declare this income tax..thats why there are certain parts that I am unclear about..thanks alot anyway

anyone got the income tax refund?

Sorry noob here.
I miss out of submitting the income tax return, though I have done filled up all the forms in ehasil. However, I am not being taxed after deducting all my expenses from my gross income.

The question here is I submit now which is considered late, would I be penalised?

Thanks for any advice. I am being nervous now.

My brother just got his refund cheque.

Submitted almost last minute (few days before April 30, 2012 dateline).

I closed my business on 1 Nov 2011,
now I am filling Borang B,
Do I need or where should I fill in the Date of Business Closed (Tarikh Tutup Perniagaan) ?

Also, after this year filling for the Year 2011 Assessment, do I need to go to LHDN to change my status to "Without Business Income" ?
Because my current Income Tax Number is starting with "OG" , if without business income, it will start with "SG"

Please help. Thanks.

Juz get mine today

Filling up the e-Hasil online does not mean submission, until you click the submit button.
Few years down the road, LHDN can still random pick and audit you, to find out non-declaration of income, i.e. you will get fine/penalty.

For BE-Form, it is consider late, and subject to fine. My friend submitted once in August same year and fined RM50 for late submission.

For B-Form, you got till end of June to submit.

My advise is, if BE-Form, just go ahead to submit (late) and pay the RM50, rather than have 7 years worries, sleepless nights, etc.
i.e. move on with your life after the penalty.

Finally my e-Lejar has been updated.... but not the amount I paid ... aiya !!!!

At last, I check it almost every week and it wasn't updated for months!

I submitted on early May I think.. got my refund 30th May.

hi ppl,
there's 1 thing i'd like to ask regarding PC claim on income tax (for 2013 claim purpose)...

what parts do i need to buy and assemble (planning to choose parts and assemble in lowyat) to be eligible for claim? because i realise that there are certain parts that may not be necessary like :

graphic card (motherboard has in built ones)
speakers (can use headphones)

any other parts that u ppl can think of?

please advise....thanks.

Just my comments. Correct me if wrong.

The official receipt at least shows it is a complete set of "Komputer" as below:-
Parts:-
- Monitor
- Casing (with Power Supply)
- Motherboard
- CPU
- Memory
- Graphic Card (if motherboard don't have built-in graphic)
- HDD / SSD
- Keyboard
- Mouse
- Genuine Operating System (eg. Windows 7) (not sure this compulsory or not, best include also)

Other parts consider not that important, because the above can operate as an active "Komputer" already.

Hope that help. Bye.

For past 2 years, I always get the rebate earlier than my friend. But this year, it is slow...I hav't get my rebate yet.

Hi pros, I own a sole proprietor and have salary income from a sdn bhd. Could i offset my current year business loss against my employment income? There seems to be differing views on this. Hope some1 can help!

I'm bringing my 2 years old laptop into my sole prop business. How do I justify the Qualifying Expenditure of my laptop for Capital Allowance?

For a car, I can check via my insurance to know the current market value, how about laptop then?

Is it true that when you bring an existing car, a car that you use during your employment and now use for business only can claim Annual Allowance and no Initial allowance of the market value the moment you start your business?

Thank you,

This post has been edited by countdown: Jun 29 2012, 03:32 PM

after doing my borang b calculations and everything, i find out that i overpaid my taxes by RM1.6k. is that normal?

my part time enterprise business suffered losses this year, my full time job deduction PCB every month....

i'm worried i gonna kena audited....

can not.

you can carry forward ur losses in ur business and set off against future profits.

btw, on another hand, i was helping my grandpa doing e-filling... requested pin via email on 2 June, and IRB only replied me on 22 June...

anyway, IRB granted me access to my grandpa e-filling... completed and submitted.

---

Added on July 3, 2012, 2:46 pmoverpaid? then ask for REFUND !

nowadays, IRB is very efficient in refund if you are providing your bank account information in e-filling.



This post has been edited by vin_ann: Jul 3 2012, 02:46 PM

anyone got called to declare receipts/documents as evidence?