Income Tax Issues v2
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 Feb 27 2012, 01:25 PM
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#1
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1,933 posts Joined: Mar 2006 From: ~Universe~  
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QUOTE(mobio.dev @ Feb 26 2012, 10:51 PM) EPF is limited to 3k only, then insurance 3k, so total 6k There is no official proportion. Hence, epf and life is not limited to 3k each. Can be either 4k EPF or 2k Life or vice versa...  This post has been edited by yiivei: Feb 27 2012, 02:28 PM |
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Mar 13 2012, 01:01 PM
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#2
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1,933 posts Joined: Mar 2006 From: ~Universe~
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[quote][quote=badzvino,Mar 13 2012, 12:29 PM]
Guys, I'm still very new to this income tax thing. I started work since mid 2008 , first company salary RM1800. Second company on year 2009 with RM2000 salary. Question 1 - So I suppose I don't have to submit tax right? I didn't open a tax file yet. Year 2010 December, I stop my employment and started a Sole Prop. Question 2 - When do I need to start my income tax submission? Q3 - I understand that there's personal incometax and company's which category do I need to do? [/quote][/quote] Q1 - Yes if ur annual income falls below the bracket. However, do you entitle to bonus on your 2nd company? Q2 - Form B for sole proprietor. BE for employment. E for Sdn. Bhd. Added on March 13, 2012, 1:04 pm[quote=yiivei,Mar 13 2012, 01:01 PM] [/quote] Q1 - Yes if ur annual income falls below the bracket. However, do you entitle to bonus on your 2nd company? Q2 - Form B for sole proprietor. BE for employment. E for Sdn. Bhd. [/quote] Due date for Form B submission is 30 June 2012. This post has been edited by yiivei: Mar 13 2012, 01:04 PM |
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Mar 18 2012, 03:30 PM
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#3
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QUOTE(guanteik @ Mar 17 2012, 09:54 PM) just curious, anyone received the refund of excess from LHDN? They will notify you through letter. Last, i received was 14 working days after my submission. |
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Mar 19 2012, 12:50 PM
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#4
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QUOTE(cute_boboi @ Mar 19 2012, 12:30 PM) The point is, it is the duty and responsibility to DECLARE your income. From the declaration & calculation, it will determine if the income is taxable or not. If not taxable, then no need pay anything. Keep the documentation for future use such as house loan, car loan, credit card application, etc. For those that have received your refund, when is your submission date? |
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Mar 20 2012, 10:40 AM
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#5
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QUOTE(lamode @ Mar 20 2012, 10:37 AM) i submitted my borang BE on efiling on 08 march 2012, and i still haven't received the money that i paid in exceed... is this normal? This is pretty normal. Don't expect high efficiency from LHDN especially on refund. |
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Mar 21 2012, 03:16 PM
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#6
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Dear All,
I have received my refund a while ago. FYI, i have my submission on 5 March 2012. Added on March 21, 2012, 3:19 pm QUOTE(hitsugaya2010 @ Mar 21 2012, 02:58 PM) Last year i have not paid any PCB yet. My EA form also did not state any tax number, maybe because i have not start paying PCB. Do i need to declare my income since i have not started paying last year? Based on your information, i assume your annual income has yet to reach the level. Hence, you do not need to declare your income. FYI, my ex-company hr does provide EA form to all employees irregardless whether they are tax payers or not. This post has been edited by yiivei: Mar 21 2012, 03:21 PM |
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Mar 22 2012, 12:52 PM
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#7
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QUOTE(cute_boboi @ Mar 21 2012, 05:31 PM) I would like to correct the statement in bold. Source liable to tax - is subject to the income tax declaration form submission and calculation. Not just pluck from sky, and say I'm under 2k/mth, hence my family/friends/boss/colleague says I'm not taxable.  |
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Mar 25 2012, 12:37 PM
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#8
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QUOTE(fahrur_07 @ Mar 25 2012, 10:51 AM) any rebate i can get from income tax for stamp duty for house purchase? http://forum.lowyat.net/topic/1748580/all |
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Apr 23 2012, 01:39 PM
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#9
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deleted.
This post has been edited by yiivei: Apr 23 2012, 01:40 PM |
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