Mar 29 2014, 04:42 PM
QUOTE(klthor @ Mar 27 2014, 03:03 PM)
for those who likes to juggler around with allowance, it is taxable. however you can deduct those allowances with expenses, example petrol allowance month RM1k and u have your petrol receipt of 1.5k... meaning u can deduct all the rm1k out, but not tat rm500 from your income. so hope this will give a bit of light for you guys who do not understand why allowance is listed in ur EA form.
If say it is for Car allowance, I can deduct the allowance with my car service receipt, right?My question is, if i have 2 cars that i use for business purposes, can i keep the receipt of 2 cars and claim for both cars services?
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