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Income Tax Issues v4, Scope: e-BE and eB only
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SUSDavid83
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 Dec 9 2018, 01:06 PM
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QUOTE(thenightcrusader @ Dec 9 2018, 01:03 PM) Guys and gals, just curious, if let's say my house not rented for a few months. Is the other expenses like mortgage interest, assessment fees, and etc still can deduct from my rental income? Example: Rental: 0 Mortgage interest: 1000 Asssessemnt fees: 60 Can put that month i actually lost RM1060? Everything is calculated in annual basis. If you have rental income l in few months, you have to declare it. Of course, you can offset the expenses only if you declare the rental income. If your rental income cannot cover your expenses, I believe you just put 0. Negative number cannot be entered into the system (e-BE). This post has been edited by David83: Dec 9 2018, 01:07 PM |
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SUSDavid83
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Dec 9 2018, 01:11 PM
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QUOTE(thenightcrusader @ Dec 9 2018, 01:09 PM) Thank you. Hence, when I declare I can deduct all the above too.  I thought I would lose those few months coz I didn't have tenant after tenancy expires When audit time, I believe you need to prepare simple balance sheet of your rental income. You can google for some samples online. |
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SUSDavid83
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Dec 9 2018, 01:14 PM
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QUOTE(thenightcrusader @ Dec 9 2018, 01:14 PM) Yea I prepared those. Now they want to audit other years and it's a headache to me as I dig my documents and try to prepare the spreadsheet. Not sure what can be deducted and what cannot Documentations need to be kept for at least 7 years. |
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SUSDavid83
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Dec 14 2018, 02:09 PM
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QUOTE(spreeeee @ Dec 14 2018, 01:56 PM) jz want to measure.. is tax relief better than 6k put into fd of 4% interest p.a. Let's say you're at 21%/24% tax bracket. RM 3k of PRS will give a tax saving of RM 630 at 21% or RM 720 at 24% RM 3k in FD with 4% FD gives you an interest of RM 120 per year. |
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SUSDavid83
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Dec 14 2018, 02:39 PM
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QUOTE(spreeeee @ Dec 14 2018, 02:38 PM) so tax relief is much better than fd % Doesn't the number shows you? |
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SUSDavid83
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Dec 29 2018, 09:44 PM
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QUOTE(lkg1207 @ Dec 29 2018, 09:35 PM) Need help... If a Sdn Bhd income has been taxed at corporate rate, and then give dividend to the shareholder, will it be considered as income for the shareholder also and subjeted to personal income tax again? Anyone can explain what is single tier system? Thanks in advance! The dividend given by listed company has been taxed at corporate rate hence no longer subject to personal income tax including claim of tax rate difference treatment. |
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SUSDavid83
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Dec 29 2018, 09:47 PM
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QUOTE(lkg1207 @ Dec 29 2018, 09:46 PM) Thanks. How about if it is not a public listed Sdn. Bhd.? Same? If they're adopting single tier taxation, I believe should be applicable. |
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SUSDavid83
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Jan 16 2019, 06:54 PM
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QUOTE(MillkTea93 @ Jan 16 2019, 06:49 PM) First time filling income tax, my total 2018 income need calculate after deduct from epf amount or before deduct Gross income. Do you have EA statement? Use that to guide you. |
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SUSDavid83
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Jan 19 2019, 03:17 PM
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QUOTE(enkil @ Jan 19 2019, 02:47 PM) Is the sspn dedectibles automatic? What you meant by automatic? |
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SUSDavid83
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Jan 19 2019, 03:49 PM
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QUOTE(enkil @ Jan 19 2019, 03:18 PM) As in the calculations by IRB in the forms. Or do i have to furnish all the receipts PTPTN will provide you with the annual statement. You need to show that in case being audited. |
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SUSDavid83
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Jan 29 2019, 11:04 AM
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QUOTE(miyakochan89 @ Jan 29 2019, 10:30 AM) BTW for the lifestyle, last time personal computer used to be once every 3 years. I see from the website now that it no longer indicates that. So can claim yearly now? For smartphone as well? Yes. Capped at RM 2500 under Lifestyle Tax Relief. |
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SUSDavid83
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Jan 29 2019, 05:57 PM
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QUOTE(Ramjade @ Jan 29 2019, 05:54 PM) So if like buy shows at RM200, can claim under lifestyle? What shows? |
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SUSDavid83
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Jan 29 2019, 06:22 PM
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QUOTE(Ramjade @ Jan 29 2019, 06:18 PM) Shoes  Previous ruling on Sports Equipment for Sports Activities is still applicable. In fact, they just combined several reliefs into 1 single relief. They just widened the scope to include broadband subscription, gym subscription and smartphone/tablet. Therefore, previous ruling on respective clause are still in effect. URL: https://www.imoney.my/articles/lifestyle-ta...he-bad-the-uglyThis post has been edited by David83: Jan 29 2019, 06:24 PM |
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SUSDavid83
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Jan 29 2019, 06:57 PM
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QUOTE(Ramjade @ Jan 29 2019, 06:55 PM) Actually was talking about normal shoes. Not sports shoes. Like working shoes. Of course NO. If being audited, you'll be sure being asked under which clause you try to claim that. Like that I can claim my working attire too including my blazer or coat. |
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SUSDavid83
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Jan 31 2019, 10:11 AM
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QUOTE(jiaen0509 @ Jan 31 2019, 10:10 AM) Want to know if I using Digi Infinity 150. Every months RM150. Can it be consider under Lifestyle RM2500? Issue is got 6months, Digi offer me with RM25 rebate. Is it mean RM150-25? You only claim what you paid for. |
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SUSDavid83
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Feb 14 2019, 10:17 AM
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QUOTE(one_cent @ Feb 14 2019, 10:16 AM) Hi Guys, When can we do e-filing on LHDN website for the year 2018? March 1st, 2019. |
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SUSDavid83
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Feb 20 2019, 08:28 PM
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QUOTE(zeronuker @ Feb 20 2019, 08:21 PM) Thanks for your reply. I've already checked my e-lejar and frankly, i dont understand it much. Baki Cukai: -5xx Bayaran Belum Boleh Guna: -5xxx Baki Lejar: -5xxx <--------- Total of Baki Cukai and Bayaran Belum Boleh Guna. Everything is in negative. What does this mean? Negative == what you had paid via PCB Did you click on the year to see the details in row by row? Did you able to see if you have duplicate deduction/payment? |
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SUSDavid83
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Feb 28 2019, 10:40 AM
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QUOTE(DiamondRuby @ Feb 28 2019, 10:37 AM) Hello All Sifu, Greeting, Yesterday, My employer start to distribute EA for to us.. Anyhow, I dont see LHDN website start to launch Cukai Taksiran, e-Billing for 2018. Can Anyone help to confirm, Is it 2018 e-borang is not ready yet? when will be ready for filling? Should start by tomorrow and ends by 30/04/2019. |
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SUSDavid83
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Feb 28 2019, 02:40 PM
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QUOTE(spreeeee @ Feb 28 2019, 02:34 PM) Wow this is fast! |
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SUSDavid83
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Feb 28 2019, 02:49 PM
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QUOTE(spreeeee @ Feb 28 2019, 02:41 PM) it was not available in today's morning.. but now it is available.. submitted! If you have nothing complicated and all documents are ready, it's advisable to submit early! |
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