RPGT is only applicable to selling a property with a holding tenure less than 5 years.

so i dun nid to sumit the chkt 1 a form? or sumit with rm0.00 at bottom?

thanks for helping

Anybody here have rental income? Do you engage any real estate agent to manage your property or to collect rental? Is the management fee paid to the real estate agent deductible against the rental income?

no! you still need to filing ckht form

Got a question for tax expert here. For income earner who is taxed at 26%, would u suggest the below move:

"An employee can arrange for his/her employer to contribute 19% to EPF by lowering his/her salary. For example,

Original salary RM10,000 a month, Employer’s EPF (12%) RM1,200.
Cost of hiring to employer = RM10,000 + RM1,200 = RM11,200

The employee can ask his/her employer to consider paying less basic salary but increase the employer's contribution to EPF as follows :-

Adjusted salary RM9,412 a month, Employer’s EPF (19%) RM1,788
Cost of hiring to employer = RM9,412 + RM1,788 = RM11,200

So there is no difference to the employer, but for the employee, his/her taxable income is RM588 (RM10,000 – RM9,412) less a month, which is RM7,056 a year. If his/her tax bracket is at 27%, the tax saving would be RM1,905.12 a year !"

Pick this up from a blogger site. Since this is park under employer epf contribution, my take is no impact on the employee 6k rebate? What would be other Pros and Cons? Is their any max limit for employer contribution to epf? How about bonus (getting less since lower basic) and future prospect if making career move?

Thanks for all input given!

This post has been edited by echho: May 13 2014, 11:42 PM

i have 2 book receipts, but the receipts do not have any shop information. can i use it for tax deduction?

management fee directly attributable to rental income only can deduct

If you are paying for 26% tax, your own EPF contribution already > rm6000 a year.
You may ask your HR to do this but i doubt they will approve such request as it will affect other calculation also.

Today is the last day for tax filing. Just reminder.

Already get my refund.

This post has been edited by KOHTT: May 15 2014, 03:07 PM

I submitted via e-Filling on 17/Apr & got my refund on 12/May (direct transfer to bank account).

Tuan,

Perkara di atas adalah dirujuk.

2. Sukacita dimaklumkan bahawa bayaran balik cukai terlebih bayar / pembayaran balik lebihan kredit tuan telah diluluskan dan CIMB BANK BERHAD telah menghantar dana bayaran balik tersebut kepada bank tuan, iaitu CIMB BANK BERHAD pada 13/05/2014.(Rujukan: IRB83582739825)

3. LHDNM telah memberi keutamaan kepada pembayaran balik tuan. Bagaimanapun, LHDNM masih boleh membuat semakan lanjut dan mengaudit dokumen untuk mengesahkan tuntutan tuan. Cawangan LHDNM akan menghubungi tuan sekiranya maklumat tambahan diperlukan.

Emel ini dihantar secara automatik. Surat rasmi akan menyusul.

Just curious. For those who submitted just before 1st May, anyone of you managed to get the rebate yet?

you mean the refund of overpaid PCB?

Nope. still waiting. I submitted on 27th May. How abt you?

27th May? 11-days to go ;-)

27 April you meant?

Today I receive a letter (dated 5 May) from LHDN stating I owe them the amount in my YA2013 E-Filling ... but I paid the same amount via Maybank2U on 28 April.

Should I ignore the letter or what the next steps ?

This post has been edited by ronnie: May 17 2014, 01:18 AM

I submitted on 28th May. Yeah. Did not get yet. Let me know if you get ok.

Call them will be better..