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 Income Tax Issues v3, Anything related to Personal Income Tax

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ronnie
post Apr 2 2014, 02:43 PM

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QUOTE(roadrunner0 @ Mar 31 2014, 11:07 PM)
Let say if i submit the e filling now and i'm required to pay the balance.
When is the last day i should pay ?
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30 April
ronnie
post Apr 9 2014, 01:04 PM

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QUOTE(flyingteeku @ Apr 9 2014, 11:51 AM)
now i am started to feel uneasy as i have not received. My mum who has submitted on 23rd March has received her return while i submitted on 19th March still have not receive anything.

Is there any discrepancies in my claim resulting in the delay?
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Your tax file is handled by different Tax Officer.... so your rebate promptness may differ
ronnie
post Apr 12 2014, 06:58 PM

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QUOTE(MasterZew @ Apr 12 2014, 12:28 PM)
does income from oversea,  has zero relevant in msia market, taxable if the money is to be spent in msia itself
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If the overseas funds are transferred to Malaysian bank account belonging to you, you will be TAXED !!!!
ronnie
post Apr 15 2014, 07:50 AM

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QUOTE(xbbshampoo @ Apr 14 2014, 04:14 PM)
got invoice, but very plain invoice la.

something like this

» Click to show Spoiler - click again to hide... «

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You can use... but it all depends on the Tax Office who audits you. Usually small amount won't look for you
ronnie
post Apr 17 2014, 10:20 AM

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QUOTE(bcpbeancounter @ Apr 17 2014, 10:17 AM)
Hi guys....not sure anyone ask this before...just file my tax for 2013. Cant find relief for braodband. No more?
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Ended in Year Assessment 2012.... use your 56k modem
ronnie
post Apr 21 2014, 01:55 PM

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QUOTE(CPURanger @ Apr 20 2014, 05:36 PM)
This is questions regarding HK-3 (Stock dividends)

1) Do I need to fill this into HK-3 (see below) ? The Income tax column is printed as dash, so no tax ?
Company XYZ Dividend voucher

Single tier, Number of Shares 1000, Dividend rate 10 sen, Gross dividend RM100.00, Income Tax (None), Net Dividend - 100.00

Some dividend vouchers, put it as Income Tax : Tax exempt or Income tax rate at 25% : - (dash)

2) This one even more pening. What should I fill in ?

Company PQR REIT Dividend voucher
Unit holding 2000,  1.65 sen per unit - taxable, 0.35 sen per unit - tax
Taxable income RM33.00, Tax withheld RM3.30, Non taxable income/Deductable expenses RM7.00, Net Payable RM36.70

Total amount : RM 36.70
rclxub.gif icon_question.gif
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Both don't need to put inside HK-3
1) Because it's Single Tiered Dividend... not 25% tax
2) Because it's REIT (10% tax) but don't need to declare.
ronnie
post Apr 22 2014, 04:08 PM

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QUOTE(nibiahk @ Apr 22 2014, 10:41 AM)
hi, is the distribution from public mutual funds need to be reported in efilling? my agent told me no need to do anything for income tax.
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Best to declare all your income sources.... though Unit Trust usually "re-invest" the dividend.
ronnie
post Apr 23 2014, 11:50 PM

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QUOTE(prole @ Apr 23 2014, 08:22 PM)
Let say a person received interim dividends payout from listed companies, how do we treat the income? Should report during submission?
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Depends on the Dividend type : Single-tier or not
ronnie
post Apr 23 2014, 11:52 PM

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QUOTE(Kaka23 @ Apr 23 2014, 09:10 PM)
Will we face slow connection on the e filling website towards the few days before closing date?
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Most definitely will have server outage on the last few days.... why delay ? Do it early to avoid issues.
ronnie
post Apr 24 2014, 11:41 PM

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QUOTE(birdman13200 @ Apr 24 2014, 09:02 PM)
Regarding the hard copies document that need to keep for 7 years, I am a bit struggle with the receipt that I keep especially for book. Even the printed receipt by Popular, it will going to fade off, after 2 or 3 years, look back at the receipt, it is just a blank paper. Started last year, I hv started to photocopy the receipt and keep together, but I am not sure whether the photocopy can be accept by LHDN, since the original copy is already fade off. Anyone hv the same issue??
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Best Practice
1. Photocopy the original receipt
2. Keep both original (even it's faded to blank paper) & photocopy receipt for 7 years

When IRB audits your tax file, show them both items in (2).
ronnie
post Apr 24 2014, 11:42 PM

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QUOTE(stoppy @ Apr 24 2014, 10:32 PM)
When buy book / magazine, I did not retain the receipts. Can I still claim of RM1000 relief?

Thanks
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Suggestion : NO !!!
Better suggestion : Get/Buy a receipt from another bookstore
ronnie
post Apr 26 2014, 10:37 PM

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QUOTE(supersound @ Apr 25 2014, 09:54 PM)
I've been doing this for 4 years, never have problem, books, sports equipment is used to "balance" my tax return, such that I pay them some extra or they pay me back some.
But make sure you don't claim maximum on them.
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This is indeed a very bad advice mad.gif vmad.gif doh.gif
ronnie
post Apr 30 2014, 12:37 AM

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QUOTE(MGM @ Apr 29 2014, 03:00 PM)
I printed a copy of the SSPN/PTPTN statement for tax relief and found that one also get the relief for the dividend earned during the year.
For me in year 2013, dividend earned was rm536 and I put in rm5500.
So Tambahan simpanan bersih bagi 2013 is 5500+536=6036.
And amaun layak pelepasan cukai bagi YA2013 is rm6000(max).
All the while I thought only the amount put in is considered.
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I would put RM6000.... cos the SSPN Statement states AMAUN LAYAK PELEPASAN CUKAI BAGI TAHUN TAKSIRAN 2013

And Please print "PENYATA RINGKASAN AKAUN SSPN UNTUK PELEPASAN CUKAI" which does not mention which amount is Dividen for the year brows.gif brows.gif

This post has been edited by ronnie: Apr 30 2014, 12:41 AM
ronnie
post Apr 30 2014, 12:42 AM

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QUOTE(aylwyn paul @ Apr 29 2014, 11:36 AM)
actually their main purpose is not for refund , is to check your bank account bcos they have the right to access our personal detail under Ita 1967
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Conspiracy theory......
You think the Govt can't check how many bank acounts under your name doh.gif doh.gif and depends on this little field in the e-Filling. All Banks reports to Bank Negara Malaysia
ronnie
post Apr 30 2014, 09:05 AM

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QUOTE(David83 @ Apr 30 2014, 09:00 AM)
Maybe they purposely made a mistake to trap greedy tax payer. whistling.gif
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I definitely "got trap" then
ronnie
post Apr 30 2014, 09:45 AM

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QUOTE(aylwyn paul @ Apr 30 2014, 09:10 AM)
you may right,

irb may say that they ptptn people don't know tax they so this is your problem with ptptn people. this is our internal guideline to do so.
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I'm just following the Statement given by SSPN.... Good luck to me drool.gif drool.gif
ronnie
post Apr 30 2014, 10:34 AM

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QUOTE(evanttc @ Apr 30 2014, 10:05 AM)
will 2014, this year, the E-Filing will postpone to 15th May 2014??

so do the payment???

like last 2 years also delay till 15th of May
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Why do you need to submit and pay in the very last minute ?
ronnie
post Apr 30 2014, 01:43 PM

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QUOTE(BboyDora @ Apr 30 2014, 10:57 AM)
Is it the amount to be pay has to be done by today.,
My colleague mention if u do not make the payment, they will deduct via PCB in the salary (more deduction)

Is it how it works?
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Yes..pay by 30 April 2014.
Nope... that's not the way PCB works.
ronnie
post May 6 2014, 11:50 PM

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QUOTE(stoppy @ May 6 2014, 09:00 PM)
Sport shoe cannot claim?
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Cannot claim !!!
ronnie
post May 6 2014, 11:54 PM

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QUOTE(aylwyn paul @ May 6 2014, 03:46 PM)
government ask you to bare footed for sport n swim nakedly co all cannot claim
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That's the logic on Sports Tax Relief.... only items "critical" to the sports is allowed.

You cannot play Badminton without Badminton racquet(can claim) and Shuttlecocks(can claim) ... but can play without shoes.
Stationary Exercise Bike can claim also.

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