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 Rental Income Tax, Rental Income Tax

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haicaramba
post Sep 24 2013, 08:48 PM

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No agreement signed & stamped, no need declare la.
No black & white, declare for what?

If reali so unlucky kena tangkap (which is super highly unlikely), just say your sister let her fren stay for free lo.
haicaramba
post Sep 25 2013, 09:16 AM

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QUOTE(EddyLB @ Sep 24 2013, 09:22 PM)
Good luck if you are evading tax. Once you are in their blacklist, every 2 years you will be audited. When they want to be nasty, they will tax every penny out of you. They will look at all your expenses and disallow every receipt which is not claimable. And they will look at your spending and ask you to justify how you can afford. It is a real pain in the arxx  biggrin.gif
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For someone like me who are being taxed peanuts so far, I'll take my chances with the taxman cool2.gif
The last time I get audited few years back, I was further refunded by them... hehehe...

Call me foolish, but I reali wanna c how efficient the taxman is in catching up with all those small fries for cases like tenancy w/o agreement (even those with agreements for that matters but never file for tax returns) or small enterprises with revenues below rm1 mil.
Coz so far from what I see around me (I only have small fries around me... hahaha), the taxman can definitely do wayyyyyyy better.

This post has been edited by haicaramba: Sep 25 2013, 09:22 AM
haicaramba
post Sep 25 2013, 09:45 AM

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QUOTE(StevenTeh1980 @ Sep 25 2013, 09:31 AM)
There may not be a tenancy agreement but what if LHDN check your bank account and see a consistent monthly amount that is being deposited into your bank account from the same person and this person is staying in a property under your name? These kind of info are not difficult to obtain.
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Can bank into your acc, your mom's acc, dad's acc, occasionally go & collect cash, etc.

Be 'creative'.

 

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