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> Income Tax Issues v4, Scope: e-BE and eB only

rapple
post Nov 10 2018, 08:32 AM

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QUOTE(soundworks @ Nov 10 2018, 02:20 AM)
Hi all,

I'm sure some have faced this problem like me before-

Currently employed in a company and makan gaji like average joe. Got EPF, SOCSO and pay income tax for 2 years already. Now I've started my small e-comm biz and made some side money so I registered SSM sole proprietor to declare the income as I want to increase my loan eligibility in the future too. Question is:-

When I file income tax next year how do i file since I am employed and at the same time I am also self-employed.

Looking forward to your replies
*
Previously you file e-BE so next year you will need to file under e-B.

The difference of e-B is that form have additional tab for business income and additional 1 page for you to fill in the profit and loss and balance sheet of your business.
jiaen0509
post Nov 10 2018, 07:02 PM

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Just wonder if my bought the phone via installment by Celcom (EasyPhone). Will it eligible for Pelepasan Cukai Individu under Gaya Hidup RM2,500.00?
soundworks
post Nov 11 2018, 11:46 AM

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QUOTE(rapple @ Nov 10 2018, 08:32 AM)
Previously you file e-BE so next year you will need to file under e-B.

The difference of e-B is that form have additional tab for business income and additional 1 page for you to fill in the profit and loss and balance sheet of your business.
*
Do I need to pay EPF for my business income when I'm already paying EPF for my employment? If I don't pay will banks consider my business income tak layak cos never pay EPF on it when applying loan in the future?
lelongster
post Nov 12 2018, 02:57 PM

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Dear sifus, would donation to Pibg ( persatuan ibubapa & guru) be eligible for tax relief?

Thanks in advanced
MUM
post Nov 12 2018, 05:45 PM

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QUOTE(lelongster @ Nov 12 2018, 02:57 PM)
Dear sifus, would donation to Pibg ( persatuan ibubapa & guru) be eligible for tax relief?

Thanks in advanced
*
I guess not....anyway, I may be wrong....you can try this?....
http://lampiran1.hasil.gov.my/pdf/pdfam/RISALAH_R7_BI_15.pdf

http://www.hasil.gov.my/bt_goindex.php?bt_...nit=8&bt_sequ=1
cherroy
post Nov 13 2018, 02:29 PM

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QUOTE(lelongster @ Nov 12 2018, 02:57 PM)
Dear sifus, would donation to Pibg ( persatuan ibubapa & guru) be eligible for tax relief?

Thanks in advanced
*
Only donation to organisation/charity organisation that obtained LHDN/Finance ministry approval is eligible for tax relief.


Sunny zombie
post Nov 15 2018, 08:42 AM

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QUOTE(soundworks @ Nov 11 2018, 11:46 AM)
Do I need to pay EPF for my business income when I'm already paying EPF for my employment? If I don't pay will banks consider my business income tak layak cos never pay EPF on it when applying loan in the future?
*
As a business owner (sole prop), it is not mandatory to contribute EPF, so it wouldn't have the 'tak layak' issues

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