Apr 5 2012, 04:18 PM
QUOTE(yhtan @ Apr 5 2012, 11:33 AM)
1)Cannot, only applicable for medical fee
2)Can, but u have to keep receipt or any supporting document
3)Yes
4)Must be full medical check up
The first one should be yes. It is now changed to care of parents. So hiring maid is part of the welfare. You have to prove that the maid is hired for your parents. Sourced from ACCA F6 syllabus 2011.2)Can, but u have to keep receipt or any supporting document
3)Yes
4)Must be full medical check up
Added on April 5, 2012, 4:22 pm
QUOTE(eric84cool @ Apr 5 2012, 02:18 PM)
I heard those companies donates for sport/charity etc organisation can claim for tax deduction but I wondering would it better to do so rather than having income taxed by government? would it save a lot??
I.e. Donate RM10K, maybe could deduct RM1k of tax but you have already spent RM10K in cash form + RM1k for tax. total RM11k.
Keeping RM10K, you get taxed RM1k to 3K depending of tax bracket ....hence you folk out RM3k only.
Maximizing deductions provided in s.33. Ie. paying more salaries to relative employees. Claim entertainment expenses as much as possible. Organize company trip. You get to spend your money on holidays rather than paying more tax. There are still a lot more ways. Just try to maximize the deductions as much ad possible. =)I.e. Donate RM10K, maybe could deduct RM1k of tax but you have already spent RM10K in cash form + RM1k for tax. total RM11k.
Keeping RM10K, you get taxed RM1k to 3K depending of tax bracket ....hence you folk out RM3k only.
This post has been edited by jack1888: Apr 5 2012, 04:30 PM
Quote
0.0395sec
0.43
7 queries
GZIP Disabled