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 Income Tax Issues v3, Anything related to Personal Income Tax

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SUSDavid83
post Mar 4 2015, 03:40 PM

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QUOTE(MUFTW @ Mar 4 2015, 02:59 PM)
Actually what I mean was,
- I bought PC on 2013
- suppose to claim in April 2014 (for assessment year 2013) but I dnt, cos cnnt find receipt.
- now Year 2015, found receipt, can I still claim for it now ??

Thanks
*
No. You cannot claim back date.
SUSDavid83
post Mar 4 2015, 06:53 PM

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QUOTE(Jenny87 @ Mar 4 2015, 05:25 PM)
Hi guys,

For investment linked type insurance:

MEDICAL/LIFE = Life or rider insurance with Major Illness Cover. Only 60% of premiums paid are eligible for tax relief as medical policy.
However, 100% of premiums paid are eligible for tax relief as life policy.

Can i claim 60% under medical and 40% under life? Many thanks smile.gif
*
You should be correct.
SUSDavid83
post Mar 4 2015, 07:00 PM

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QUOTE(fkinmeng @ Mar 4 2015, 04:53 PM)
want to ask, my dad buy medicine from caring pharmacy.

can i claim it under medical for parents?

thanks.
*
What can be claimed under this clause:

QUOTE
1) Medical expenses for parents includes hiring a maid – RM5,000

The maximum medical expenses for parents which could be claimed is RM5,000. You should accumulate all the medical check-ups that your parents undergo which includes specialist consultation, small operations, yearly normal check-ups, early cancer check-up, vaccination, orthopedic consultations, hospitalisation and even dental treatment limited to tooth extraction, filling, scaling and cleaning. You can even claim deductions for the maid you hired for your parents who require special care or require day care or home care services. To claim this, you would require the doctor’s letter that your parent’s medical condition requires special care.

URL: http://homeloaninsurance.com.my/income-tax...tes-exemptions/

SUSDavid83
post Mar 5 2015, 07:25 AM

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QUOTE(RokXIII @ Mar 5 2015, 03:53 AM)
in the EA form, section G : Jumlah Elaun/Perkuisit/Pemberian/Manfaat yang dikecualikan cukai
[attachmentid=4360343]

please correct me if im wrong, the stated amount as per shown at the picture above, can be exempted from tax, right? if yes, where should fill up this amount in the BE form?

thanks!
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No need to fill in the BE form.
SUSDavid83
post Mar 5 2015, 12:55 PM

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QUOTE(RokXIII @ Mar 5 2015, 12:07 PM)
Because the amount has been already deducted from the annual income above?
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No. Usually you have claimed from the your company. Your company paid for thoses expenses or benefits.
SUSDavid83
post Mar 5 2015, 01:47 PM

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QUOTE(RokXIII @ Mar 5 2015, 01:18 PM)
which mean that amount just FYI only, and i can do nothing about it, right?
*
If your HR doesn't put there, you have pay tax for that amount.
SUSDavid83
post Mar 5 2015, 03:24 PM

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QUOTE(revent @ Mar 5 2015, 01:50 PM)
Hello, I just submit my BE form for the first time and also pay it using FPX 2 days ago, but until now the "BAKI CUKAI TERTUNGGAK" still not become 0, may I know normally how long will it takes to update into the system?

Another question is if forgot to include my bonus into the calculation, is it I should go to LHDN and update?

Thank you.
*
Yes, it's better for you to do so. You don't want to be audited later.
SUSDavid83
post Mar 5 2015, 09:05 PM

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QUOTE(bagok @ Mar 5 2015, 08:58 PM)
Hi

If i cheat a bit on insurance can ar ?

My insurance statement came out la 1800 for medical and 600 for life. Since i had max out KWSP & life insurance part. I just put 2400 under medical insurance
*
At your own risk. If you're being audited, please prepare some answer to the officer in-charged.
SUSDavid83
post Mar 8 2015, 11:01 AM

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QUOTE(alvinkhorfire @ Mar 8 2015, 08:57 AM)
After I deduct IEM membership fee from my taxable income, the taxable income will be less than what is stated in EA Form. Then, how should I explain, if LHDN notices this discrepancy?
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You have receipts from IEM right?
SUSDavid83
post Mar 8 2015, 09:05 PM

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QUOTE(alvinkhorfire @ Mar 8 2015, 08:59 PM)
Yes, I have the IEM receipt.

Without looking at my IEM receipt, LHDN would not understand the reason why RM 155.00 was deducted from my taxable income. Since the taxable income I typed in e-Filing form is different from what is stated in EA form, will it increase the chances of my form being audited?  sad.gif

So, can I state RM 155 instead in "Pembelian buku/majalah/jurnal/penerbitan (selain surat khabar atau bahan bacaan terlarang) untuk diri sendiri, suami/isteri atau anak"?

Monthly 'Jurutera' magazines are posted to me, as a result of the IEM membership fee. In my opinion, declaring it in such a way makes it easier for LHDN to understand that I declare the full taxable income as in EA form.

Anyway, correct me, if I am wrong.  smile.gif   

___

Other question: I have several unit trusts in Public Mutual, in which dividends are given and reinvested. Basically, in HK3, I should type the tax voucher number in 'No waran/ No siri'.

Example voucher number: DH1200000512235

These numbers are fake, for the purpose of this example. Note that the voucher number has 15 characters.

However, I can key in only 14 characters. So, what should I do?

Thanks for the advice.  thumbup.gif
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That's why you need the receipt for justification in case you're being audited.
SUSDavid83
post Mar 10 2015, 07:36 PM

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QUOTE(good1115 @ Mar 10 2015, 07:28 PM)
Need expert guide here, I received a long service award worth 5k of gold coin, I have keep the gold coins in safe box. I wonder can this amount in EA be excluded in Form-BE because the value is not realized yet and I have problem paying additional 24% tax on these gold coin.
Another point is if I sell the gold coin I will be getting about 4.5k net, should the value be declared as RM4.5k instead?
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If it's tax exempt benefit from your company, your company HR has to declare it under Section G BIK of the EA form.

Otherwise, it'll be definitely a taxable benefit.
SUSDavid83
post Mar 10 2015, 08:23 PM

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QUOTE(g00glesYYl @ Mar 10 2015, 08:18 PM)
Can i ask a question, i am claim the income tax in seperated. Can i key in 3000 for this column?

Suami / Isteri / Bayaran alimoni kepada bekas isteri  3000
=> can i key in 3000?

My wife work for few months last year therefore i decided to submit separately instead of combine.
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QUOTE
Pelepasan diberi sebanyak RM3,000 bagi isteri yang tinggal bersama dalam tahun asas, isteri tiada punca pendapatan/jumlah pendapatan atau isteri memilih taksiran bersama. Perenggan 47(1)(a)
SUSDavid83
post Mar 10 2015, 09:48 PM

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QUOTE(DM3 @ Mar 10 2015, 09:42 PM)
Interesting point on tax free allowance,so mthly travelling allowance should be exempted frm tax right?
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Your HR needs to report that under Section G. If not, you'll be taxed for it.
SUSDavid83
post Mar 11 2015, 12:55 PM

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QUOTE(Kaka23 @ Mar 11 2015, 11:34 AM)
anybody using Chrome to submit?
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I have submitted and used Chrome.
SUSDavid83
post Mar 11 2015, 01:44 PM

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QUOTE(jo3456 @ Mar 11 2015, 01:39 PM)
hi,

i have rental income & non biz income.
would like to know on the rental income what is the expenses can be deduct?

thanks
*
Repair, maintenance fee, interest payment (not principal repayment) of the housing loan
SUSDavid83
post Mar 11 2015, 09:50 PM

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QUOTE(Cherry16 @ Mar 11 2015, 09:48 PM)
Hi David,

Which section we can key in the rental income expenses?  Or do we just declare net rental i.e. total rental received less expenses pertaining to rental?

Thanks.
*
Read this document I found from LHDN website:

http://www.hasil.gov.my/pdf/pdfam/PR4_2011.pdf
SUSDavid83
post Mar 11 2015, 09:55 PM

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QUOTE(nexona88 @ Mar 11 2015, 09:51 PM)
I don't think have rental income expenses hmm.gif  juz put net rental income  icon_rolleyes.gif
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Yes, you're correct.

Deductible expenses. Point 8.2 (page 14):

1. Assessment and quit rent
2. Interest on housing loan
3. Fire insurance premium
4. Expense on rent collection if hire an agency or running middleman
5. Tenancy renewal expenses (legal fee, stamp duty, etc)
6. Repair
SUSDavid83
post Mar 12 2015, 08:03 AM

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QUOTE(Cherry16 @ Mar 11 2015, 10:06 PM)
Wah.. I didn't manage to see the reference you found at LHDN.  rclxms.gif

Many thanks.
*
I translated it myself. laugh.gif
SUSDavid83
post Mar 12 2015, 12:16 PM

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QUOTE(StupidGuyPlayComp @ Mar 12 2015, 11:08 AM)
If I bought a PC, I and my wife report tax individually............

how about we put the RM3000 PC tax rebate for both person, is this work?
if they check, we got receipt

this method can?
*
Usually the receipt will put your name. The name on the receipt can file relief only.
SUSDavid83
post Mar 12 2015, 12:24 PM

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QUOTE(StupidGuyPlayComp @ Mar 12 2015, 12:20 PM)
biggrin.gif If the receipt no name, can we cheat such way?
*
Cheat at your own risk.

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