yes, one of the condition of SMC being, ...paid-up capital in respect of ordinary shares..., which sole proprietor will not be qualified

u r correct in terms of the application, the small value assets in excess of RM 20,000 will still be qualified under normal IA + CA
(e.g. 11 ICT of RM 1,999 each --> RM 19,990 at accelerated IA + AA while RM 1,999 under normal IA+AA)
but should be IA 40% + AA 20% from YA2024
INCOME TAX (ACCELERATED CAPITAL ALLOWANCE) (INFORMATION AND COMMUNICATION TECHNOLOGY EQUIPMENT) RULES 2024

registration fee will be regarded as initial expense/capital in nature which is not tax deductible; renewal fee should be eligible

referring to dialogue with IRB, page 25 of the PDF
although it is an age-old document, the concept should still apply
though the challenging part would be the 'reasonable basis of apportionment'

This might out of scope, but for those who has partnership income, r u able to locate where is the P form in mytax portal? I can’t seem to have e-P form in mytax this year . Or we need to apply for it to be appear?

Is Medical Card paid through i-Lindung eligible for relief?

I-Lindung has medical card product?

Yes, Etiqa site for plans support it

Mind sharing the link?

Is that for Critical illness plan and not medical card?

How to qualify for tax relief for the payment of life and medical insurance for spouse and children.

Do you need to be the "owner" of the policy? How to prove you paid for it?

Also, if your spouse insurance is paid monthly, and you pay for 6 months to maximize your quote, is that okay? Spouse will also only claim for the 6 months they paid.

When I pay, it is charged to my card. When my spouse pay, it is charged to their account.

Polisi perubatan hendaklah mempunyai kriteria berikut:
(i) perbelanjaan mestilah berkaitan dengan rawatan perubatan yang disebabkan oleh penyakit atau kemalangan atau ketidakupayaan;
(ii) perlindungan polisi adalah untuk tempoh 12 bulan atau lebih;
(iii) polisi boleh diperolehi secara berasingan atau sebagai rider kepada polisi insurans hayat atau Takaful keluarga. Sekiranya sebagai rider, hanya premium/sumbangan rider yang layak dituntut sebagai potongan;
(iv) di mana perlindungan penyakit berat digandingkan dengan polisi asas, jumlah keseluruhan premium/sumbangan rider yang dibayar layak
dituntut sebagai potongan;
(v) di mana perlindungan penyakit berat dipakej bersama perlindungan nyawa/kemalangan persendirian, 60% daripada premium/sumbangan layak dituntut sebagai potongan;
(vi) pekerja yang membayar premium/sumbangan dalam polisi perubatan berkelompok layak mendapat potongan; dan
(vii) premium/sumbangan waiver benefit rider dan insurans/takaful untuk perbelanjaan perubatan dan perjalanan tidak layak mendapat potongan.

from the borang penerangan BE, it does not say you have to be the owner. so i guess answer is no?

I have not done it but i would think when insurance company issue you a premium statement, that statement is for one person and should only be claimed by one person. even though the premium is 5.5k, cannot be one person claim 2.5k, one person claim 3k i suppose.

if husband 1.5k
wife 1.3k
child 1.6k

I think using this scenario, i would play safe. one person claim 1.3k+ 1.6k, the other person claim 1.5k

i wont take total 4.4k divide by 2. very fishy la

If i did full medical checkup & AIA refunded me. Do i still declare in medical checkup relief?

If i did full medical checkup & AIA refunded me. Do i still declare in medical checkup relief?

MOF: Income from crypto activities subject to Income Tax Act 1967
By Bernama
29 Aug 2025,

https://theedgemalaysia.com/node/768702