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 Income Tax Issues v2

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ruben7389
post Feb 17 2012, 10:55 PM

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Hi There

for PC tax relief of 3k, say in 2011 i bought a cpu for rm1500 and instead of having a pc monitor, i've plugged in my pc to my tv set which i use as my monitor.

is my tv set deductivle as well if i bought it for rm1000?
ronnie
post Feb 17 2012, 11:34 PM

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QUOTE(ruben7389 @ Feb 17 2012, 10:55 PM)
Hi There

for PC tax relief of 3k, say in 2011 i bought a cpu for rm1500 and instead of having a pc monitor, i've plugged in my pc to my tv set which i use as my monitor.

is my tv set deductivle as well if i bought it for rm1000?
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Of course cannot add TV as part of the PC Purchase Tax Relief claim.
Once IRB sees TV, sure kena question
firee818
post Feb 18 2012, 08:13 AM

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QUOTE(Icehart @ Feb 17 2012, 11:28 AM)
I just received CP500 from LHDN today. Inside they aggregate the same amount as last year for 2012 tax. They separate it into 6 installments for me to pay.

Question is can I pay together at one lump sum? Since for example the tax they aggregated is RM 2,500 so if my tax for this year is RM 2,750 so I would have to pay RM 250 more at the end of this year?  hmm.gif
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Is it mean that u pay RM2500 in one go in the 1st instalment of YA 2012?

e.g.

Feb 2012 RM416-----> pay in one go RM2500
Apr 2012 RM416
Jun 2012 RM416
Aug 2012 RM416
Oct 2012 RM 416
Dec 2012 RM 420
Total RM2500

If it is, yes, you can and supplement with a letter forward to IRB to inform them u payment mode.
Remember that u have to pay the installment before the due date.
db07mufan
post Feb 19 2012, 11:11 AM

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Just got my EA form, first time doing this, so we just use whatever its on the EA form and minus minus and submit right??

When will BE 2011 be out>?



This post has been edited by db07mufan: Feb 19 2012, 11:12 AM
db07mufan
post Feb 19 2012, 11:11 AM

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-doubleposted-

This post has been edited by db07mufan: Feb 19 2012, 11:12 AM
SUSDavid83
post Feb 19 2012, 11:41 AM

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QUOTE(db07mufan @ Feb 19 2012, 11:11 AM)
Just got my EA form, first time doing this, so we just use whatever its on the EA form and minus minus and submit right??

When will BE 2011 be out>?
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EA form only shows employment related info. Other information especially for personal relieves that you intended to claim, you have to prepare your own by digging out all the receipts.

e-BE 2011 will commence by 1st March 2012 and due on 30th April 2012.
tylerf
post Feb 19 2012, 06:29 PM

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Anyone done e-filing before?

This is my 1st time.
I'm wondering why the login button is greyed out.

How to do taxes if like that?

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rayng18
post Feb 19 2012, 07:31 PM

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QUOTE(tylerf @ Feb 19 2012, 06:29 PM)
Anyone done e-filing before?

This is my 1st time.
I'm wondering why the login button is greyed out.

How to do taxes if like that?

user posted image
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Its because it is not open yet, only can login on 1 March 2012
Icehart
post Feb 19 2012, 09:16 PM

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QUOTE(firee818 @ Feb 18 2012, 08:13 AM)
Is it mean that u pay RM2500 in one go in the 1st instalment of YA 2012?

e.g.

Feb 2012 RM416-----> pay in one go RM2500
Apr 2012 RM416
Jun 2012 RM416
Aug 2012 RM416
Oct 2012 RM 416
Dec 2012 RM 420
    Total  RM2500

If it is, yes, you can and supplement  with a letter forward to IRB to inform them u payment mode.
Remember that u have to pay the installment before the due date.
*
Wow 2012 just begin they start asking for 2012 money already sweat.gif
SUSterrance511
post Feb 21 2012, 03:46 PM

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hi guys, im newbie in all these tax thing, can u guys help me with some question?

I do a freelance online job, salary not fix, last month 1.5k, this month 2.6k
i transfer my money from my account on freelance market site to my paypal, then from paypal to my bank.

so my question is, do i need to do anything? since it's over 2.5k this month, and how does it work, if i only transfer 2.4k to bank instead of 2.6, will i stil have to pay tax? Do i need to do anything right now? like delacre ? file anything ?


Thanks a lot.

rayng18
post Feb 21 2012, 04:15 PM

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QUOTE(terrance511 @ Feb 21 2012, 03:46 PM)
hi guys, im newbie in all these tax thing, can u guys help me with some question?

I do a freelance online job, salary not fix, last month 1.5k, this month 2.6k
i transfer my money from my account on freelance market site to my paypal, then from paypal to my bank.

so my question is, do i need to do anything? since it's over 2.5k this month, and how does it work, if i only transfer 2.4k to bank instead of 2.6, will i stil have to pay tax? Do i need to do anything right now? like delacre ? file anything ?
Thanks a lot.
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Need to open an income tax file first, any supporting when you are paid?
Just accumulate the whole of 2011 income for declaration, compute then see if taxable or not, if taxable then pay tax by banking into IRB bank given. If not taxable just submit only
SUSterrance511
post Feb 21 2012, 04:29 PM

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QUOTE(rayng18 @ Feb 21 2012, 04:15 PM)
Need to open an income tax file first, any supporting when you are paid?
Just accumulate the whole of 2011 income for declaration, compute then see if taxable or not, if taxable then pay tax by banking into IRB bank given. If not taxable just submit only
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supporting u mean document? no any file can show my payment from freelance job la..
conclusion i need to file something, and the tax is base on anuum 1 ? 30k ?
i start earning since last year october 2011, when do i need to do all these.
thanks a lot smile.gif
rayng18
post Feb 21 2012, 04:35 PM

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QUOTE(terrance511 @ Feb 21 2012, 04:29 PM)
supporting u mean document? no any file can show my payment from freelance job la..
conclusion i need to file something, and the tax is base on anuum 1 ? 30k ?
i start earning since last year october 2011, when do i need to do all these.
thanks a lot smile.gif
*
maybe you can print out the remitance advice when you recieve your pay. since you only started in oct 2011 so you need to compute from oct 11 to dec 11.

First and foremost you need to go to IRB to get your file open then only you can declare your income for income tax. you only need to do once a year so all income will be accumulated for the calender year.
You can go to any of the IRB office anytime now to get the file open
SUSterrance511
post Feb 21 2012, 04:47 PM

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QUOTE(rayng18 @ Feb 21 2012, 04:35 PM)
maybe you can print out the remitance advice when you recieve your pay. since you only started in oct 2011 so you need to compute from oct 11 to dec 11.

First and foremost you need to go to IRB to get your file open then only you can declare your income for income tax. you only need to do once a year so all income will be accumulated for the calender year.
You can go to any of the IRB office anytime now to get the file open
*
erm, don't have remitance advice.. its a micro job thing, less than Rm20 per task ... really don't have statement at all ... when transfer money to my paypal, only got 1 confirmation email... How?
thanks again

rayng18
post Feb 21 2012, 06:56 PM

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QUOTE(terrance511 @ Feb 21 2012, 04:47 PM)
erm, don't have remitance advice..  its a micro job thing, less than Rm20 per task ... really don't have statement at all ... when transfer money to my paypal, only got 1 confirmation email... How?
thanks again
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then keep your emails that indicate yr income in case IRB wants to look for proof of income
SUSterrance511
post Feb 21 2012, 07:15 PM

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QUOTE(rayng18 @ Feb 21 2012, 06:56 PM)
then keep your emails that indicate yr income in case IRB wants to look for proof of income
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ok thanks,

my friend say can ignore bout that 2011 3 months 1 since it only average 1.2k, then i just have to wait till 2013 before march then submit 2012 income info. Is that ok ?
rayng18
post Feb 21 2012, 07:39 PM

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QUOTE(terrance511 @ Feb 21 2012, 07:15 PM)
ok thanks,

my friend say can ignore bout that 2011 3 months 1 since it only average 1.2k, then i just have to wait till 2013 before march then submit 2012 income info. Is that ok ?
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yes. but in the meantime just get your income tax file opened
SUSterrance511
post Feb 21 2012, 07:53 PM

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QUOTE(rayng18 @ Feb 21 2012, 07:39 PM)
yes. but in the meantime just get your income tax file opened
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can i just wait till 2013 then sekaligus done all that ? haha
thanks a lot really
rayng18
post Feb 21 2012, 08:31 PM

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QUOTE(terrance511 @ Feb 21 2012, 07:53 PM)
can i just wait till 2013 then sekaligus done all that ? haha
thanks a lot really
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Yes you can but why wait till last minute when you can do it now and familiarise yourself on how to compute your tax
SUSterrance511
post Feb 21 2012, 09:42 PM

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ok Thanks, advice noted smile.gif

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