Hi may i know does body checkup for parents can be a tax relief ?
Income Tax Issues v4, Scope: e-BE and eB only
Income Tax Issues v4, Scope: e-BE and eB only
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Mar 5 2016, 11:42 PM
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Junior Member
194 posts Joined: Dec 2006 |
Hi may i know does body checkup for parents can be a tax relief ?
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Mar 5 2016, 11:44 PM
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All Stars
14,888 posts Joined: Mar 2015 |
QUOTE(fairyboy @ Mar 5 2016, 11:24 PM) But actually after finish my internship period, I'm going to find a permanent job/start a business. So, still hope can know more about the income tax thing. while waiting for responses...may I suggest you try read info and links form this site....to "know more about the income tax thing"http://www.hasil.gov.my/bt_goindex.php?bt_...=5000&bt_sequ=1 |
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Mar 5 2016, 11:52 PM
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All Stars
14,888 posts Joined: Mar 2015 |
QUOTE(HCTH @ Mar 5 2016, 11:42 PM) http://www.hasil.gov.my/pdf/pdfam/BE2010_Guidebook_2.pdf Attached thumbnail(s) |
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Mar 6 2016, 08:02 AM
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Senior Member
1,010 posts Joined: May 2015 |
Hi sifus,
1. If I have some tax relief for books just fill in the amount I paid accordingly will do? And keep the receipt for 7 years? 2. For insurance under medical/life category, medical is only eligible for tax relief of 60% and life is 100% of the amount paid. Correct? Do i need to submit any statement to lhdn ? Or just keep them for 7 years will do? |
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Mar 6 2016, 09:11 AM
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Senior Member
5,143 posts Joined: Jan 2015 |
QUOTE(benson92 @ Mar 6 2016, 08:02 AM) Hi sifus, 1. If I have some tax relief for books just fill in the amount I paid accordingly will do? And keep the receipt for 7 years? 2. For insurance under medical/life category, medical is only eligible for tax relief of 60% and life is 100% of the amount paid. Correct? Do i need to submit any statement to lhdn ? Or just keep them for 7 years will do? for Q# 1, read item D8, page 11 (not just any books or amount) for Q# 2, read item D17, page 15 & 16 (medical insurance??) http://www.hasil.gov.my/pdf/pdfam/BE2010_Guidebook_2.pdf record keeping duration..... saw it here. http://www.financesentral.com/2011/10/inco...t-how-long.html http://www.nbc.com.my/blog/if-you-claim-ta...ts-for-7-years/ This post has been edited by T231H: Mar 6 2016, 09:14 AM |
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Mar 6 2016, 09:37 AM
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Senior Member
1,010 posts Joined: May 2015 |
QUOTE(T231H @ Mar 6 2016, 09:11 AM) for Q# 1, read item D8, page 11 (not just any books or amount) for Q# 2, read item D17, page 15 & 16 (medical insurance??) http://www.hasil.gov.my/pdf/pdfam/BE2010_Guidebook_2.pdf record keeping duration..... saw it here. http://www.financesentral.com/2011/10/inco...t-how-long.html http://www.nbc.com.my/blog/if-you-claim-ta...ts-for-7-years/ |
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Mar 6 2016, 09:42 AM
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Senior Member
5,143 posts Joined: Jan 2015 |
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Mar 6 2016, 05:43 PM
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Junior Member
265 posts Joined: Jan 2003 |
Try to do my e-filling for 2015.
Section on claim with regard to tax on dividends is without HK3 item/forms which has been included in the past years. How to claim for overpaid tax on dividends for 2015 e-filling? Any help would be much appreciated. Thank you This post has been edited by helob: Mar 6 2016, 05:47 PM |
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Mar 6 2016, 07:21 PM
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Senior Member
5,143 posts Joined: Jan 2015 |
QUOTE(helob @ Mar 6 2016, 05:43 PM) Try to do my e-filling for 2015. I think it got to do with the "single tier tax system"Section on claim with regard to tax on dividends is without HK3 item/forms which has been included in the past years. How to claim for overpaid tax on dividends for 2015 e-filling? Any help would be much appreciated. Thank you read out that topic for details....I found some on google....(more in google) Shareholders dividend under the single tier tax system (STS) http://voyager8.blogspot.my/2010/02/shareh...ingle-tier.html http://bursastory.blogspot.my/2011/12/sing...or-bad-for.html http://www.micpa.com.my/micpastudent/docum...e1-10112008.pdf |
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Mar 7 2016, 08:46 AM
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Senior Member
1,829 posts Joined: Mar 2013 |
hi my fellow forummer,
wanna ask what is the limit of "approved donation, gift, contribution"? |
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Mar 7 2016, 08:48 AM
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All Stars
52,874 posts Joined: Jan 2003 |
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Mar 7 2016, 09:06 AM
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Senior Member
1,829 posts Joined: Mar 2013 |
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Mar 7 2016, 09:11 AM
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All Stars
52,874 posts Joined: Jan 2003 |
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Mar 7 2016, 09:19 AM
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Senior Member
1,829 posts Joined: Mar 2013 |
QUOTE(David83 @ Mar 7 2016, 09:11 AM) ya I know.I mean example like this, my aggregate income is 50k my contribution is 5000 Aggregate Income: 50,000 Approved contribution: 5000 Total Income: 45,000 then go to next page tax relief: 10,000 Total chargeable income: 35,000 For the approved contribution, I thought I just key in actual amount they will auto cap? |
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Mar 7 2016, 09:26 AM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(iwubpreve @ Mar 7 2016, 09:19 AM) ya I know. Guess like the system is not that smart enough and no validation rule is set for that entry.I mean example like this, my aggregate income is 50k my contribution is 5000 Aggregate Income: 50,000 Approved contribution: 5000 Total Income: 45,000 then go to next page tax relief: 10,000 Total chargeable income: 35,000 For the approved contribution, I thought I just key in actual amount they will auto cap? It could be a trap set! This post has been edited by David83: Mar 7 2016, 09:26 AM |
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Mar 7 2016, 09:28 AM
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Senior Member
1,829 posts Joined: Mar 2013 |
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Mar 7 2016, 09:40 AM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(iwubpreve @ Mar 7 2016, 09:28 AM) mean need ownself adjust to 7%? submitted already mang I believe so because in e-BE, there's no caution pop up not with the "!" but you'll know this in the Nota Penerangan (PDF file). I also tried to experiment myself just now. |
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Mar 7 2016, 12:13 PM
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Senior Member
6,373 posts Joined: May 2007 |
need help in explaining this:
ANY DISPOSAL OF SHARES IN A REAL PROPERTY COMPANY AND / OR REAL PROPERTY UNDER REAL PROPERTY GAINS TAX ACT 1976 it meants reits? |
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Mar 7 2016, 01:29 PM
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Senior Member
907 posts Joined: Dec 2008 From: Penang, Malaysia. |
Hi I have a question about the tax deduction rate.
For example, given a gross earning of a month (plus annual bonus, before elf deduction) is 10k. The monthly scheduler tax deduction is about 700. How is the tax deduction being calculated? |
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Mar 7 2016, 01:34 PM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(deShinyDevil @ Mar 7 2016, 01:29 PM) Hi I have a question about the tax deduction rate. There's a PCB table to serve as guideline.For example, given a gross earning of a month (plus annual bonus, before elf deduction) is 10k. The monthly scheduler tax deduction is about 700. How is the tax deduction being calculated? It usually takes into consideration of EPF deduction only. It may also require info like whether you're single or marreid and also how many children you have. But do take note that, if that particular month, you receive bonus (not allowance) that not as your usual monthly drawing salary, there's another method to recalculate the PCB deduction on that particular with taking into account the bonus. |
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