You got it all wrong lah If it works like what you said, you get double tax relief.

If you assess separately, you don't get Spouse Tax Relief lah... assume you are single (though married) in the eyes of IRB. Only when you do COMIBINED ASSESSMENT, you can claim Spouse tax relief.

This post has been edited by ronnie: Feb 5 2014, 10:57 AM

Oh.. So, there's no spouse tax relief for separate assessment.. Thank you guys.. I appreciate it. (I'm so glad it is not there for separate assesment. Otherwise, I gonna feel lots of regrets for not filing the spouse tax relief for the past many year .. if it is there).

The e-BE form is automated... the Spouse Tax Relief field will be grayed out for Separate Assessment

Hi, can some sifu here explain to me what is the meaning for the answers? Thanks in advance

Question:- Do I need to declare profit from buying and selling shares as an income?

Answer:-
Whether the profit from buying and selling of shares is regarded as a taxable income would depend on the facts and circumstances of the case. If the transaction can be demonstrated as a realisation of a capital investment, it can then be regarded as a capital gain not subject to income tax. On the other hand, if the transaction is derived from an adventure in the nature of a trade, then the profit from buying and selling of shares would then be seen as a revenue gain subject to income tax.

Hi,

"MANFAAT YANG DIKECUALIKAN CUKAI" in section G EA form, if I have a fixed petrol allowance of RM6000 p.a and phone allowance of RM1,800 p.a, can these entire amount declare in section G (as my HR is not sure whether can put into this section)

If yes, do I need to provide supporting receipts? Thanks

Hi,

I would like to ask anybody face this problem before?
I never register for taxation before. Then I plan to declare this year for previous year 1, then today I want to register but I check it said I already got account. Got any help here?

Here is the message.

Nombor Cukai Pendapatan Bagi No. Kad Pengenalan Baru ************ Telah Didaftarkan Di Lembaga Hasil Dalam Negeri Malaysia.

Thanks

The subject matter is a public listed co or normal sdn bhd/bhd?

Phone allowance no
No need supporting receipts

Since oredy registered, just proceed

Your company HR needs to specify that amount in the EA form.

U mean phone allowance is xempted fr tax?

Read the details under the BIK to understand type of allowances can be included for BIK with allotted max amount.

Details: http://www.hasil.gov.my/pdf/pdfam/PR3_2013.pdf (page 19-20 under 9.2.10. Benefits and monthly bills for fixed line telephone, mobile phone, pager, personal digital assistant (PDA) and subscription of broadband)



This post has been edited by David83: Feb 6 2014, 09:03 AM

hi guys , i need a good accountant or tax agent to solve my issue with income tax for cheras branch. i need a very good one
thanks

I think what it means is that if your business is a share trading business whereby the proceeds are the main source of income to your business, then proceeds from sale of shares will be subject to income tax. However, if you are just buying and selling shares as personal investment, then proceeds from sale will be regarded as capital gain and not subject to income tax.

The question of whether gains from the realisation of shares are revenue (taxable) or capital gains (non taxable)will depend on the facts of each case. Generally, the following factors will be considered:

a) the intention or motive of the seller
b) the period of ownership
c) the frequency of transactions
d) the method of financing

Very obvious under 9.2.10.1 fr YA 2008 (a)
Tax xempt limited to registration n installation cost + registered under employer name

Thank you! So, if I buy/sell share for personal investment, dont need to tax.
If got profit, no need to declare in the taxation form also huh?

I don't think so. Unless you main stream of your regular daily income are from share trading or you are the full time share traders.

This post has been edited by KOHTT: Feb 6 2014, 05:02 PM

Do your own calculation from the example at:

http://voyager8.blogspot.com/2010/01/how-p...calculated.html

BIK is NOT the same as allowance. Monthly bills paid by employer is considered BIK. Allowances are monies (cash) paid to you, it can be used for any reason-pay bills, buy char koay teow etc . To emphasis again Telefon/transport allowances are forms of cash allowances