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 Income Tax Issues v2

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vin_ann
post Jun 3 2011, 02:28 PM

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hello,

Im was told by the sport company owner / boss that i can claims sport tax relief on the CamelBak hyration pack that i brought.

Im quite surprised when were told on this. Anyone have tried claim sport relief on the hydration pack???

vin_ann
post Mar 26 2012, 05:13 PM

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is Roadbike consider under sport equipment category???
vin_ann
post Apr 18 2012, 11:55 PM

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any aware of what is this "Diluluskan of Menteri Sebagai Pekerja Berpengetahuan" ???

any1 know anything about this?
vin_ann
post Apr 25 2012, 04:08 PM

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QUOTE(David83 @ Apr 19 2012, 08:48 AM)
If you work at WPI, Johor, you're qualified for it.
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oh... any special tax treatment for those working in WPI, johor ?
vin_ann
post Apr 26 2012, 11:07 AM

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last day for e-filling submission now is extended to 15 May !
vin_ann
post Apr 27 2012, 11:27 AM

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y not pays using MayBank2U dot com???
vin_ann
post Apr 27 2012, 04:36 PM

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QUOTE(advocado @ Apr 27 2012, 03:13 PM)
on the gaji part all bonus, allowance all go into the same space right?
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follow ur E-Form...
vin_ann
post Jul 3 2012, 02:45 PM

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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!
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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... rclxub.gif

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


Added on July 3, 2012, 2:46 pm
QUOTE(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....
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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
vin_ann
post Jul 24 2012, 02:18 PM

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QUOTE(yiyibrowers @ Jul 23 2012, 05:07 PM)
Hi,

I'm new to it.... My parents own a small company and my monthly paid is Rm2400 and occasionally allowance is Rm600, do I need to have a income tax account? Also my brother are receiving wages from the company, does he have to open income tax account also?

Thank you for advise...
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hi...

your annual income have hit threshold of RM24,xxx as mention in income tax act where the chargeable person need to declare income to IRB.

vin_ann
post Jul 24 2012, 03:43 PM

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QUOTE(yiyibrowers @ Jul 24 2012, 03:31 PM)
Thank for your reply.... I wanted to ask if my younger brother are taking wages from our company, does he entitle for the income tax also..... his gross annual income got exceed rm24,000.....
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my mistake on previous comment. some updates from LHDN website:

QUOTE
Am I taxable?

An individual who earns an annual employment income of RM25,501 (after EPF deduction) has to register a tax file.

With effect year 2010 an individual who earns an annual employment income of RM26,501 (after EPF deduction) has to register a tax file.

If the employee is eligible for STD deduction, he is advised to register an income tax file before STD is implemented.

What should I do if my income is taxable?

Application to register an income tax reference number can be made at the nearest IRBM branch.

Documents Required For Registration

A copy of the latest Salary Statement (EA/EC Form) or latest Salary Slip
A copy of Identification card (IC) / police IC / army IC / international passport
A copy of marriage certificate (if applicable)
You can also register an Income Tax reference number via e-Daftar


http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=2
vin_ann
post Sep 12 2012, 11:31 AM

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QUOTE(Garmin_GPS @ Sep 11 2012, 06:24 PM)
dear proz,

May i know placing FD will attract trace from IRB?
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QUOTE(ronnie @ Sep 11 2012, 10:04 PM)
Depends how huge the Fixed Deposit(FD) is being placed .... advise to split into a few banks.
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Fixed deposits.

There's once my tax lecturer teach us, spilt the FD into many many slips. i have forget the reason behind for doing so.
vin_ann
post Dec 4 2012, 12:12 PM

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QUOTE(ronnie @ Dec 4 2012, 11:33 AM)
It's based on the receipt of the Computer Purchase.. to claim FY2013, the receipt must be dated 1-Jan-2013 to 31-Dec-2013
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after claim, the next two year not entitled to claim anymore. 
vin_ann
post Jan 31 2013, 03:48 PM

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QUOTE(nicemamak @ Jan 31 2013, 03:29 PM)
How can an employee reduces the tax payable?
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claims full of ur book rebate, ur internet bills, buy insurance, donate to approve organization and makes more babies with ur wife.

go through the tax computation line by line, item by item...

nothing much compared to a business man.
vin_ann
post Mar 13 2013, 01:59 PM

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QUOTE(heizad @ Mar 13 2013, 01:14 PM)
like last year i submitted around this time and refunded within 1 month..not sure if earlier how long...maybe within 1 month too perhaps?
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i got my refund within 2-3 weeks.

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