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

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stormaker
post Mar 3 2016, 11:10 PM

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QUOTE(wil-i-am @ Mar 3 2016, 11:06 PM)
RM500 is sizeable as it can finance 2 mths of petrol if u r an average user
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true ... that's why i keen to get the answer, but the amount are accumulated under "Latest tax paid in excess". The refund i suppose to get this year are far less then that, that's why hope to get the rm500 ... lol ...
SUSDavid83
post Mar 3 2016, 11:12 PM

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QUOTE(CT2009 @ Mar 3 2016, 11:05 PM)
Wanna ask, purchase of iPad, wifi version cannot claim as computer relief right
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Since 2013 all tablets cannot claim.
wil-i-am
post Mar 3 2016, 11:13 PM

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QUOTE(stormaker @ Mar 3 2016, 11:10 PM)
true ... that's why i keen to get the answer, but the amount are accumulated under "Latest tax paid in excess".  The refund i suppose to get this year are far less then that, that's why hope to get the rm500 ... lol ...
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Wish u gud luck on the refund from LHDN
stormaker
post Mar 3 2016, 11:14 PM

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QUOTE(wil-i-am @ Mar 3 2016, 11:13 PM)
Wish u gud luck on the refund from LHDN
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Thanks ... wish u best of luck too.
CT2009
post Mar 3 2016, 11:20 PM

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QUOTE(David83 @ Mar 3 2016, 11:12 PM)
Since 2013 all tablets cannot claim.
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Thanks a lot.
soultaker
post Mar 3 2016, 11:41 PM

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I bought new PC last year, can claim RM3k relief. That's around RM6xx saving for me. Can buy new hard disk.
mangsa_prejudis
post Mar 4 2016, 02:40 AM

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This post has been edited by mangsa_prejudis: Mar 4 2016, 02:41 AM
mangsa_prejudis
post Mar 4 2016, 02:40 AM

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QUESTION : I had my gallbladder removed last year, is this claimable under Perbelanjaan perubatan bagi penyakit yang sukar diubati atas diri sendiri, suami/isteri atau anak?
soultaker
post Mar 4 2016, 05:52 AM

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QUOTE(mangsa_prejudis @ Mar 4 2016, 02:40 AM)
QUESTION : I had my gallbladder removed last year, is this claimable under Perbelanjaan perubatan bagi penyakit yang sukar diubati atas diri sendiri, suami/isteri atau anak?
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I think you can claim it since that is not a common procedure. Nobody want to remove it if nothing wrong with it. Did you pay by yourself or using insurance to pay for you?
mangsa_prejudis
post Mar 4 2016, 07:22 AM

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QUOTE(soultaker @ Mar 4 2016, 05:52 AM)
I think you can claim it since that is not a common procedure. Nobody want to remove it if nothing wrong with it. Did you pay by yourself or using insurance to pay for you?
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Thank you for your reply soultaker. The company paid for it, but as far as I understand, regardless if it is covered or not, it is still claimable. Is it true?
SUSDavid83
post Mar 4 2016, 08:00 AM

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QUOTE(soultaker @ Mar 3 2016, 11:41 PM)
I bought new PC last year, can claim RM3k relief. That's around RM6xx saving for me. Can buy new hard disk.
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If you didn't claim 3 years ago. Of course you can claim.

QUOTE(mangsa_prejudis @ Mar 4 2016, 07:22 AM)
Thank you for your reply soultaker. The company paid for it, but as far as I understand, regardless if it is covered or not, it is still claimable. Is it true?
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If your company forked out the money, still claimable?
mangsa_prejudis
post Mar 4 2016, 08:58 AM

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QUOTE(David83 @ Mar 4 2016, 08:00 AM)
If you didn't claim 3 years ago. Of course you can claim.
If your company forked out the money, still claimable?
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That is what I have read(forgotten where I read this). They said that regardless what the insurance pays, it is considered as your money and it is claimable. Can anyone help to verify on this?
rapple
post Mar 4 2016, 09:25 AM

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QUOTE(mangsa_prejudis @ Mar 4 2016, 08:58 AM)
That is what I have read(forgotten where I read this). They said that regardless what the insurance pays, it is considered as your money and it is claimable. Can anyone help to verify on this?
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Logic thinking :-

Insurance pays your medical bill and charged out as their cost.

You never paid the medical bill but still wanna take up as your own cost.

So I don't think you can claim as your expense/tax relief.

Medical insurance is a tax relief expense.


stormaker
post Mar 4 2016, 09:28 AM

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QUOTE(mangsa_prejudis @ Mar 4 2016, 02:40 AM)
QUESTION : I had my gallbladder removed last year, is this claimable under Perbelanjaan perubatan bagi penyakit yang sukar diubati atas diri sendiri, suami/isteri atau anak?
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QUOTE(soultaker @ Mar 4 2016, 05:52 AM)
I think you can claim it since that is not a common procedure. Nobody want to remove it if nothing wrong with it. Did you pay by yourself or using insurance to pay for you?
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The medical claim on serious diseases limited to a few illness only. in ur case, dont think u can claim.

"Medical expenses on serious diseases includes the treatment of acquired immune deficiency syndrome (AIDS), Parkinson’s disease, cancer, renal failure, leukaemia, and other similar
diseases such as heart attack, pulmonary hypertension, chronic liver disease, fulminant viral hepatitis, head trauma with neurological deficit, brain tumour or vascular malformation, major burns, major organ transplant and major amputation of limbs. Amount expended on ownself, husband/wife or child is limited to a maximum of RM5,000. Paragraph 46(1)(g)"


http://www.hasil.gov.my/pdf/pdfam/BE2011_Guidebook_2.pdf
aiskrimcup
post Mar 4 2016, 09:38 AM

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QUOTE(stormaker @ Mar 4 2016, 09:28 AM)
The medical claim on serious diseases limited to a few illness only. in ur case, dont think u can claim.

"Medical expenses on serious diseases includes the treatment of acquired immune deficiency syndrome (AIDS), Parkinson’s disease, cancer, renal failure, leukaemia, and other similar
diseases such as heart attack, pulmonary hypertension, chronic liver disease, fulminant viral hepatitis, head trauma with neurological deficit, brain tumour or vascular malformation, major burns, major organ transplant and major amputation of limbs. Amount expended on ownself, husband/wife or child is limited to a maximum of RM5,000. Paragraph 46(1)(g)"


http://www.hasil.gov.my/pdf/pdfam/BE2011_Guidebook_2.pdf
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Can, just claim and ensure you have the necessary receipt / docs to support it. Dont bother too much.

In
SUSDavid83
post Mar 4 2016, 10:27 AM

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QUOTE(mangsa_prejudis @ Mar 4 2016, 08:58 AM)
That is what I have read(forgotten where I read this). They said that regardless what the insurance pays, it is considered as your money and it is claimable. Can anyone help to verify on this?
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The only concern that I wanted to raise is whether it is your employer insurance company or your personal insurance company?

If it's your personal insurance company, you may claim since you did pay your premium to the insurance company but if it's your company insurance company, then I don't think you can claim because your company will be claiming it under the company expenses as they're the one who paid the premium.

Correct me if I'm wrong. Just my two cents.

This post has been edited by David83: Mar 4 2016, 10:33 AM
WhitE LighteR
post Mar 4 2016, 02:28 PM

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I would like some advice.

If I only calculate my day job as stated in EA form, I would fall into the 16% bracket. But there is also some Nirvana Memorial sales commission about 80k under my name. If i add this into the tax it will bump me into the 21-24% tax bracket. The amount I need to pay jump from 3 digit to 5 digit. Is there any way for me to reduce this amount? Maybe not for 2015, but in the future.

Nirvana sales commission still counts as a taxable income tax right despite it being in a funeral service sector which as far as i know is gst exempted.

Thanks
ronnie
post Mar 4 2016, 02:43 PM

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QUOTE(mangsa_prejudis @ Mar 4 2016, 02:40 AM)
QUESTION : I had my gallbladder removed last year, is this claimable under Perbelanjaan perubatan bagi penyakit yang sukar diubati atas diri sendiri, suami/isteri atau anak?
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Cannot claim lah... Sukar Diubati = Terminal disease = Dying soon
eg. heart attack, pulmonary hypertension, chronic liver disease, fulminant viral hepatitis, head trauma with neurological deficit, brain tumour or vascular malformation, major burns, major organ transplant and major amputation of limbs.

This post has been edited by ronnie: Mar 4 2016, 02:45 PM
ronnie
post Mar 4 2016, 02:44 PM

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QUOTE(aiskrimcup @ Mar 4 2016, 09:38 AM)
Can, just claim and ensure you have the necessary receipt / docs to support it. Dont bother too much.

In
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Worse advice ever... don't listen.
rapple
post Mar 4 2016, 02:49 PM

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QUOTE(WhitE LighteR @ Mar 4 2016, 02:28 PM)
I would like some advice.

If I only calculate my day job as stated in EA form, I would fall into the 16% bracket. But there is also some Nirvana Memorial sales commission about 80k under my name. If i add this into the tax it will bump me into the 21-24% tax bracket. The amount I need to pay jump from 3 digit to 5 digit. Is there any way for me to reduce this amount? Maybe not for 2015, but in the future.

Nirvana sales commission still counts as a taxable income tax right despite it being in a funeral service sector which as far as i know is gst exempted.

Thanks
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GST is not related to your personal income tax.

Yes the commission is taxable. Well, if there is any cost incurred to generate the commission will be deductible. But bear in mind, not all expenses is allowable.

Max out the tax relief that you are eligible. Donate more to LHDN approved organisations. That is so much you can do to minimize the tax / lower the tax bracket.


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