QUOTE(Agreatlife @ Mar 1 2025, 11:45 AM)
total internet fees paid = 139 x 6%sst x12 = 1768.08
some say we need to exclude sst, & can only claim this amount, means 139 x 12 = 1668
i think there's no official guideline on this, but based on the rationale on GST input tax previously
u could claim 1768 inclusive of SST as u can't recover the SST paid, which becomes your expense
could always seek clarification from LHDN by phone or
customer feedback form, they r happy to assist
QUOTE(mushigen @ Mar 1 2025, 02:31 PM)
Q1) is sinking fund paid monthly qualified as allowed deductible? I know maintenance fee is.
Q2) if deductibles like monthly loan interest + maintenance fee + etc are *more than* the rental amount, does the LL still need to declare this rental income to lhdn since he's not making any net profit?
Q3) if answer to Q2 is yes, will the LL be penalised with not declaring the total annual income and no deductibles are allowed?
Q4) for continuing to rent out without valid TA (original TA expired), are these deductibles still allowed, or are deductibles allowed only if there's valid TA?
that's weird, when i searched
'sinking' within this topic, the result popped out
if there is only 1 rental income, then yes your rental statutory income would be RM Nil
for TA part, not sure about the treatment by IRB but it's not a requirement under s33(1)
QUOTE(mjchua @ Mar 1 2025, 02:35 PM)
(iii)
Course of study undertaken for the purpose of up-skilling or self-enhancement
A deduction up to RM2,000 can be claimed on any skill area recognized by Director General of Skills Development under National Skills Development Act 2006 [Act 652]. Deduction is allowed for year of assessment 2024 to 2026.
want to ask, what is include under this ? language course include ?
pretty limited,
search for yourself