If very general question of course if free just as sharing. If need assist on submit tax returns of course got charges..

Which one? can repost? is such a long list here.. lol

This is a question a lot of ppl asking. If you are trying to look from law and guideline from the IRB, they did not define clearly on it. However, practically, if your galaxy tab cannot make phone call then you can claim as computer equipment. Otherwise, they will treat it as a mobile phone and hence cannot make a relief under computer equipment.

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Added on March 26, 2012, 4:33 pmYour question is very broad. I assume you are asking from personal tax perspective where you only have employment income and no other passive income such as rental and dividend. If that the case, you can only reduce your tax by maximise your personal relief. In order to maximise it, i will suggest that you have a quick look at the list of the personal relief available for us. But generally, most of the ppl will claim book and magazine, broadband, life insurance and epf, medical insurance and of course self relief. Keep all the relevant receipts for those available relief claims.



This post has been edited by Izac Yeoh: Mar 26 2012, 04:33 PM

Unfortunately, no. Sport equipment eligible for relief are those with short life span such as shuttercock.

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Added on March 26, 2012, 5:34 pmOne of the relief available to us is life insurance and epf total of RM6,000. Means the premium u paid for your life insurance plus your employee's EPF contribution max you can claim is RM6,000.

This post has been edited by Izac Yeoh: Mar 26 2012, 05:34 PM

Hi,

First question, what are the fees included under RM43,000? Only medical fees or part of it is the purchase of supporting equipment?

Under the income tax law, you can claim a relief of medical expenses for parents and purchase of basis supporting equipment for disabled person of RM5,000 each. In order for you to make the former claim, the medical fee must be charged by a medical practitioner registered with Malaysian Medical Council. For the latter claim, the basis supporting equipment purchased is only for the use of a disabled person. "Disabled person" is to be defined as an individual certified in writing by the Department of Social Welfare of Malaysia.

With the above basic information, i would think that you can only eligible for the first RM5,000 (max) claim in respect of the medical expenses incurred on your mother. However, you can spare the balance medical expenses with your siblings so that your siblings' tax payable will be reduced accordingly. In such, the aggregate tax payable for the household will be reduced.

It depends on the complexity of the case. There will be no flat price across all the cases. Can you pm me your case so i can quote you a price?

Actually i am not the one provide the services, i am just helping my fren. I just share with you all my general tax knowledge. However, my fren can provide you all the services from head to toe (set up company, account and tax).

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Added on March 26, 2012, 9:23 pmNope.. it is exempted from tax

This post has been edited by Izac Yeoh: Mar 26 2012, 09:23 PM

For those have long life span, yes, you cannot claim.

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Added on March 27, 2012, 12:36 pmIf you look at the income tax act properly, RM500 relief is only for complete medical check up. Based on the general understanding, complete medical check up will include a lot of medical tests. I am not sure what tests will they have but i do not think is only blood test. If only blood test i will think it is a regular medical check up but not complete medical check up. I only explain based on what stated in the income tax act. Practically? I not sure will the IRB will check until that detail.

95:5 ratio? I do not think the IRB will allow that apportionment. Since for a normal joint agreement shd be 50:50.

This post has been edited by Izac Yeoh: Mar 27 2012, 12:36 PM

The grace period of 15 days will only be given provided an application is given to the IRB (cyberjaya branch) at least 15 days before the respective ordinary due dates. The application should support by relevant and strong reason and it is subject to the IRB's approval. Remember, the grace period is not to be granted automatically... If no application was made to the IRB, ordinary due dates are still applicable.

Regarding the payment for the balance of tax payable, you can apply for the same extension of 15 days grace period in the same application letter. If not, ordinary due dates should be complied with.

remember to check your EA form next year.

Yeap, i agree with you.

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Added on March 29, 2012, 11:35 pmUnder whose name also can as long as the relief is made by you and your siblings.

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Added on March 29, 2012, 11:37 pmWhat type of receipts that you have lost?

This post has been edited by Izac Yeoh: Mar 29 2012, 11:37 PM

Last time we have an argument with the IRB's officer on the broadband relief. For them broadband are those portable modem but not streamyx. Weird. I do know what is their latest stand now. Apart from my role as a tax consultant, personally i claimed this relief on my streamyx bill as well. I do not agree on their theory.

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Added on March 29, 2012, 11:44 pmYa. Agree. They accept electronic supporting document too but the original still cannot throw. Must keep. If not they have the right to deny your claim.

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Added on March 29, 2012, 11:45 pmYes. COLA itself is a taxable income.

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Added on March 29, 2012, 11:51 pmAs long as you have incurred interest expense on that property, i do not see a problem to make a claim on the relief. The condition of "the property cannot rented out" is you cannot rent it out to a third party. Because if you rent it out, you will claim the interest expense as a direct expenses and fully offset against your rental income. If you make a claim on the relief again, you have double claimed so the IRB not allow it. For you case you did not rent it out to a third party and do not derive any rental income on that property, will not be a problem to make the relief claim.

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Added on March 29, 2012, 11:54 pmHi all, whoever need any tax consultant urgently. Please pm me and i will try to reply you as soon as i can.

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Added on March 30, 2012, 12:05 amIt is possible. When the time of transfer, bank may have ald release the payment to the seller but the buyer still cannot get the house yet due to the transferring of land title especially leasehold property. But since the bank have release the loan, the buyer need to pay the interest although the house is legally not belong to the buyer yet. Then if you need a place to stay urgently, the seller can actually rent it out to the buyer until the title is successfully change. Some seller is good enough to just let you stay without to pay any rent.

This post has been edited by Izac Yeoh: Mar 30 2012, 12:05 AM

Can, the source of income put "dividend" then put in the gross before deducting the tax. But definitely the IRB will send you a notice of assessment for the prior year. Make sure your previous tax return has been finalised if not if u need to refund the credit available due to Section 110 credit, might have audit on your return.

I do not think it is needed for the current filing. You just declare first then they will send you a notice of assessment. Most properly you will a credit in the notice of assessment and if subsequently if you wan to request for a refund on the tax credit, then only you need to submit the HK-3 and dividend voucher for their verification.

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Added on March 30, 2012, 4:50 pmDifferent officer got their different thought. But with that technical guideline, i think shd be sufficient to argue that streamyx is a broadband. Just go for it!!

Ya, u must give original and you keep a photostat copy. Is better to bring along the photocopy together with the original and ask the officer to acknowledge every single document u send in. In the case they lost it, the acknowledge copy can be your supporting document. If not, honestly they will not responsible for it and the responsible to prove any claim you made is still on you!

The electronic copies which i mentioned only use as supporting document when the the ink in the original has faded and u can see nothing. But for most of the cases, must submit original.

This post has been edited by Izac Yeoh: Mar 30 2012, 04:50 PM

Hey guys, if got any tax query can pm me..

Yes.. just for sharing.. because i don visit this thread often so hope u guys can pm me if got any question which has not been answered..

Yes, for your case u will get back your whole tax deducted on your dividend income.

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Added on April 17, 2012, 11:42 amyes

This post has been edited by Izac Yeoh: Apr 17 2012, 11:42 AM

No need to submit. Just file it first