QUOTE(Tic-Tac-Toe @ Jun 26 2012, 11:34 PM)
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!
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 pmQUOTE(lostasylum @ Jun 30 2012, 07:30 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....
overpaid? 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