ohhhh, so I can actually register and fill up the details online, then just wait for them to approve the claim?

Thanks

Hi Sifu,

My company average profit is about RM15,000 per month in 2014. The problem is all the money are deposited in to my personal bank account instead of the company account.

I withdraw the profit from Paypal every month which can be seen in the bank statement. Are these income taxable?

How do we show proof of the source of the income since all the transaction are done in Paypal?

bump on this, haha, i want to know too, i could not find it

This post has been edited by Saladz: Feb 12 2015, 03:10 PM

Note 13:The relief RM2,000 is provided to resident middle income taxpayers earning up to RM8,000 amonth [aggregate income of up to RM96,000 per annum]. This is applicable for Y/A 2013.

thanks bro

Hey bro, just an update, i asked the LDHN staff but they insisted that there is no such relief for year 2015. They asked me to inform them the name of the publisher of the book.

Just for the benefit of others, i will continue discussing this in public.

Thanks.

This post has been edited by Saladz: Feb 16 2015, 02:42 PM

RM2k is for YA 2013 ony

Yeah but because the book stated otherwise so i was curious hehe

Hi Guys, when can I submit Year 2014? first time register and login hasil today. but only show 2012 n 2013 in droplist.

March David900924

Form CP58 must sent to LHDN also or just provided to the agent

Thanks.


2 questions,

1. What is the benefits if declare all earning n pay more tax? aside from getting a loan from bank.

2. How about fixed and variable allowance? such as rent allowance and travel allowance (hotel+food+tolls). is it classified as earning? In the end allowances are used to pay off expenses to carry out the job.

1. Being according to the law and not getting punished when/if you get audited. Unless your earning is purely cash.

2. Depends on how your company puts in your EA form. In the end, if your company declares it as an allowance (and hence not taxable) they will pay tax on that money. If they declare it as part of your fixed salary (fixed alowance, in my company) then they don't pay tax, you do. No matter what someone will pay tax on the money.

I paid medical insurance for my parents. Can I claim the premium as income tax relief? Or maybe claim relief as parents medical expenses?

I don't think so.



URL: http://www.thestar.com.my/story/?file=%2F2...focus%2F5988503

This post has been edited by David83: Feb 23 2015, 08:40 PM

can someone ask hr declare epf and we ourself declare tax with lhdn? which means in salary slip only got epf but tax = 0

According to Income Tax Act 1967 Subsection 49(1D) A relief not exceeding RM3,000 is available on insurance premiums paid in respect of education or medical benefits for an individual, husband, wife, or child.
In other words, if you paid medical insurance for your parents you can not claim as relief neither medical expenses as the payment for premium is not constitute as medical expenses in the first place.

In another words means I can claim for medical insurance that I paid for my children and wife ? But the insurance must state me as the rider ?

According to PUBLIC RULING COMPUTATION OF INCOME TAX PAYABLE BY A RESIDENT INDIVIDUAL
http://www.hasil.gov.my/pdf/pdfam/PR2_2005.pdf

A medical policy must satisfy the following criteria -
1. the policy can be a stand-alone policy or as a rider to a life insurance policy. If it is a rider, only the rider premium can qualify for deduction;
2. where a dread disease cover is attached to a basic policy, the whole amount of the rider premium paid is allowed as a deduction
3. premium waiver benefit rider and travel medical expenses insurance are not allowable as deduction.

Don't pay tax is ok, that's why we got GST this year

Paying insurance you will get a hair dropped from Jib's gor, but paying for medical cost you can get rm5000. So do the maths.

If you are an employee, better clarify with HR why no PCB being deducted(unless your income are low).