QUOTE(thenoobone @ Feb 27 2018, 04:00 PM)
Really?
wow then i have to discuss back with my account person , cause last time another account person randomly declare without proper documentation end up i have to pay RM22k , but already send letter to revise the account as miscalculation
But from the expenses categories being told to me is something like this
1) buy transport for business
2) staff leisure , food , etc
3) shop equipment renovation , machines etc
4) salary staff / director
5) printing accessories
6) petrol toll touchngo
7) advertisement , rental , bills
and few more
correct rite?
You are talking about expenses related to a business. If your rental is considered a business source, Eg renting out a building like office tower or shopping centre, then it is a business source, you can claim those expenses you listed. Usually the business is run as a Sdn Bhdwow then i have to discuss back with my account person , cause last time another account person randomly declare without proper documentation end up i have to pay RM22k , but already send letter to revise the account as miscalculation
But from the expenses categories being told to me is something like this
1) buy transport for business
2) staff leisure , food , etc
3) shop equipment renovation , machines etc
4) salary staff / director
5) printing accessories
6) petrol toll touchngo
7) advertisement , rental , bills
and few more
correct rite?
However, for the masses who have properties under their personal name, the above expenses are not claimable because it is considered a non-business source
A lot of details and different treatment in relation to rental income in the Public Ruling 4/2011 I linked above. Including how to determine rental income is a business and non-business source