Hi i moved this from another thread to here, deleted ori. Need advise from sifus here. Sorry in advance for noob questions.

I register new enterprise/sole proprietor 9 months ago- deposited rm2K to start Maybank account and checkbook. The thing is i set this up for non-profit, So over the 9 mths i have received over rm150k from various ppl and companies. But i have paid out my friends who helped me (as consultants, contractors, etc) leaving my bank acct balance around rm8k (incl the rm2k i deposited).

Can someone advise me how do i go abt with income tax? I've read in other threads to pay IRB no matter what and to pay income tax since being new business set up bla bla. Ok its good advise but in my case do i only declare the rm6K as profit or how much? And do I need to show IRB the proof I've paid out to my friends, purchase stationery, travel, etc?

TQVM

Hi,

This is very helpful, thanks. I have a new property, empty unit, VP for 6 mths now. I have a few questions, hopefully someone can help.

1. If I sign a rental agreement with someone, and he pays rental for 2 months and terminates the agreement, can I still claim my income tax deductible expenses like maintenance fees for 2 years from the date of rental agreement signed?
2.  Can I rent to someone at a rental fee that is less than my expenses, e.g. maintenance fees, and incur loss every year and claim tax deductions? How low can I go?
3. Will IRB ever audit the physical property on site to make sure that the property is liveable?

This is my first property for investment where I don't stay in.

Thanks.

hi all sifu.

Need u all advice very much, as i'm going to LHDN office in next few days.

i received an official letter from LHDN sent to my HR, asking to start deduct extra more than rm 80++ of income tax from my pay roll next month onwards, however no any reason given WHY they instruct so.
i was wondering if this has to do with me didn't file for eTax using the BE form during Apr 2014, this year, as i refer to attached details from our PM najib's 2014 Budget.  (Previous few years i did declared for eTax)

According to attached excerpt from the official document, income groups of certain salary range are exempted from tax in year 2014. But why LHDN now come and chase for the heft total 1K ++  ?  Even my previous years tax declaration didn't amount to more than rm 100.
- What are the complete set of documents i need to standby to bring to the local LHDN office, to appeal for this issue ?  (mine is at the setapak one)

i have only 1 day to settle this, and i hope things will be going smooth.
any advice, comments appreciated.

means total deduction using their MTD amount to total 1K++ after 12 mths.

For YA2014 don't have.

YA2015 details not up yet. So I'm not sure and never heard about this.

The YA2013 is a one time deal from Budget 2014.

For YA2015, I couldn't find any related info. Can you supply the URL?

What I know is that YA2015 will see broad tax rate is being reduced in anticipation of GST.

noob question..
I;m a contract basis worker earning RM2k per month.Do I need to open an income tax file with IRB?
I wanna apply for BR1M,if possible, but will this cause complications as I have a friend who applied for the aid and his parents did not declare tax for many years since stopped working, then IRB start digging out the parents files and fine them.

HI i am new to income tax. I have a few questions
1. How to get income tax file number? i already register at this website (http://edaftar.hasil.gov.my/) and got the NO. RUJUKAN and No Pin e-Filing. 
2. Is it true we only need to pay income tax after 1 year of working?

Thank you very much!

For YA2014:

Walau bagaimanapun, mulai Tahun 2013 individu yang mempunyai pendapatan penggajian tahunan melebihi RM30,667 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan.

bump on this, haha, i want to know too, i could not find it 

Hey bro, just an update, i asked the LDHN staff but they insisted that there is no such relief for year 2015. They asked me to inform them the name of the publisher of the book.

Just for the benefit of others, i will continue discussing this in public.

Thanks.

Need some advise.

I stopped working in Dec 2013. Submitted eFilling in April 2014 & got my refund for overpayment in May 2014.
Since then I have not been working for the last 14 months .... can consider early retirement (55 year this year).

My question ..... do I still need to submit eFilling for this year since I do not have income for 2014? If I decided not to work anymore, do I need to inform them?

Thanks.