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Income Tax Issues v4, Scope: e-BE and eB only
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coolguy_0925
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Mar 2 2022, 01:26 PM
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QUOTE(Barricade @ Mar 2 2022, 11:10 AM) lol you answered your own question edi rite? if no children but u keep 8k and can get tax relief because of that, then whole malaysia will be doing that right?  Ya because all the while this was what I thought!!!
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coolguy_0925
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Mar 15 2022, 01:48 PM
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All filled except for life & medical insurance pending for statement from beloved Prudential
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coolguy_0925
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Feb 10 2023, 10:27 PM
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Is invoice valid as proof of purchase for tax deductions (computer, medical equipments etc.) or IRB auditors only accept official receipt?
I recently purchased a few online (eg, Lenovo official website) but they only furnish invoice
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coolguy_0925
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Feb 10 2023, 10:40 PM
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QUOTE(MUM @ Feb 10 2023, 10:36 PM) what about payment transaction receipt? something like CC statement or FPX transaction statement? perhaps submit those together with the Lenovo invoice would be better? lol problem is credit card belongs to another name
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coolguy_0925
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Feb 14 2023, 05:40 PM
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QUOTE(coolguy_0925 @ Feb 10 2023, 10:27 PM) Is invoice valid as proof of purchase for tax deductions (computer, medical equipments etc.) or IRB auditors only accept official receipt? I recently purchased a few online (eg, Lenovo official website) but they only furnish invoice Lenovo finally told me they only provide invoice, no receipt and IRB does accept invoice as proof of purchase Hmm...
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coolguy_0925
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Feb 15 2023, 05:00 PM
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QUOTE(1mr3tard3d @ Feb 15 2023, 10:44 AM) the invoice should suffice, no issue for me last time when being audited Thanks for sharing The auditor not even asked for proof of payment eg. credit card statement?
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coolguy_0925
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Feb 15 2023, 05:56 PM
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QUOTE(MUM @ Feb 15 2023, 05:49 PM) Just asking, ... 1) Did the invoice from Lenovo has any mention of "Amount Paid"?. 2) After you made the order online, Lenovo will issue the invoice to seek payment or 3) the invoice will only be issued once you had nade the payment online? 1. I only see this "Payment Term :Paid by Credit card-Do not Pay" 2. After paid, and it can be generated from page to check order status 3. Refer #2
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coolguy_0925
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Feb 15 2023, 06:02 PM
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QUOTE(1mr3tard3d @ Feb 15 2023, 05:56 PM) no, no proof of payment was requested received letter mentioning that the audit is completed without issue Good to know that Thanks again!
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coolguy_0925
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Feb 25 2023, 10:25 PM
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QUOTE(Human Nature @ Feb 25 2023, 03:07 PM) Prudential is super efficient this year. Tax Filling Premium is already available for download Yeah Probably because last year kena up down left right already
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coolguy_0925
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Feb 27 2023, 11:21 PM
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1. Which row can I claim relief for medical equipment for parent?
2. Is laptop relief max RM2,500 only?
3. SSPN relief is for contribution for children. What about for own for single?
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coolguy_0925
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Mar 1 2023, 08:33 PM
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QUOTE(Jack&Guild @ Mar 1 2023, 08:31 PM) PMX announced last month that gomen servant bonus is exempted from tax. Where is the formal circular for this? I cannot declare if the bonus issue not confirmed. This should be for YA2023
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coolguy_0925
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Mar 7 2023, 09:39 AM
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QUOTE(kens88` @ Mar 7 2023, 09:38 AM) Is normal epf deduction claimable under PRS? This year seems like no other column for EPF deduction exemption? There is a specific column for KWSP But you need to look carefully to 'unhide' it from a dropdown menu
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coolguy_0925
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Mar 26 2023, 04:13 PM
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QUOTE(MUM @ Mar 26 2023, 02:56 PM) I just saw this.... https://www.google.com/url?sa=t&source=web&...iVFD5V2bkTQiYUoLHDN also said that it will be implementing a new prefix for individual taxpayers, changing it from SG (individuals with non-business income source) and OG (individuals with business income source) to IG. “The process of setting the new prefix will involve two phases, namely phase one for new individual taxpayers registered through the LHDN system. Phase two will involve changing the prefix of existing individual taxpayers in stages from 18 May 2021,” said the board. https://ringgitplus.com/en/blog/income-tax/...-taxpayers.htmlI noticed mine changed from SG to IG when I logged into MYTAX Yet, my EA form still showing SG  #HRMASIHTIDO
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coolguy_0925
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Mar 27 2023, 02:47 PM
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QUOTE(nexona88 @ Mar 26 2023, 08:28 PM) HR lazybones... Must tell them clearly one by one.... They follow the old prefix SG since it's the one they familiar with 😡 Sleeping on the job They are the one terminating ppl so they slack also no hal
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coolguy_0925
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Mar 28 2023, 02:37 PM
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QUOTE(ronnie @ Mar 28 2023, 08:54 AM) Your HR's payroll software belum update lagi... mine already shows IGHence, the hashtag #HRMASIHTIDO
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coolguy_0925
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Apr 2 2023, 08:51 PM
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QUOTE(magika @ Apr 2 2023, 07:07 PM) If the EA form is incorrect and the HR refuse to correct it, how should we fill out income tax form. Just curioous curious Which part is incorrect? The salary, or details like your name, TIN number If you have strong evidence it is incorrect better sort out (talk to the boss?) before reporting This post has been edited by coolguy_0925: Apr 2 2023, 09:10 PM
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coolguy_0925
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Jul 16 2023, 04:18 PM
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When filing electronically
Since most of the incomes or relieves columns are without cent
Do we round up or round down, any ruling to this?
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coolguy_0925
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Jul 16 2023, 04:24 PM
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QUOTE(ceo684 @ Jul 16 2023, 04:22 PM) I always round up to be safe  not a material difference per se maybe a cent or two Understand Just wonder any ruling or instruction from IRB BTW if relief should round down to be safe right he he he but again like you said even wrong the most kena fine 1 cent? lol This post has been edited by coolguy_0925: Jul 16 2023, 04:24 PM
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coolguy_0925
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Jul 16 2023, 04:36 PM
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QUOTE(ceo684 @ Jul 16 2023, 04:28 PM) Just to avoid giving the sharks any chance to bite, under declaring is an offence which for the few sen of tax payable why bother with the hassle? Misreporting how much you earn. Claiming that you earn a lower income that you actually do could mean (unlawfully) paying less tax, but you'll risk being fined RM1,000 to RM10,000. Plus, you'll also have to pay 200% of the tax amount that was undercharged lol picking and fine you becayse misreport 1 ringgit and fine 10k must be very desperate but my intention is more like did they give a clear ifficial ruking or statement not that we intend to underdeclare
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coolguy_0925
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Mar 6 2024, 02:29 PM
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QUOTE(MUM @ Mar 6 2024, 02:27 PM) Previously a forummer mentioned, yes, as it just stated "medical treatment". When audit, just hv to prove that that named in the receipt are your parent. How about the medical equipment like wheel chair etc Parent or the intended user must be registered OKU with JKM or no need ya?
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