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

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??!!
post Apr 14 2016, 09:34 PM

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QUOTE(prophetjul @ Apr 14 2016, 03:02 PM)
For income from property rentals, how do you treat for tax?

i have 2 properties.

One gives net profit of MYR11,000. Another gives a net loss of MYR13,000

Do you consolidate the two for taxable income?
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YES
titanic_crash
post Apr 14 2016, 10:54 PM

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Got the refund today : 14 April
Submission : 23 March
Got the exact amount as per submission

This post has been edited by titanic_crash: Apr 15 2016, 08:10 AM
winnie619
post Apr 14 2016, 11:50 PM

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Just submitted my e-BE.
Waiting for the tiny refund from LHDN =)
veron208
post Apr 15 2016, 07:44 AM

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QUOTE(titanic_crash @ Apr 14 2016, 10:54 PM)
Got the refund today : 14 March
Submission : 23 March
Got the exact amount as per submission
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Got before submission ? rclxms.gif rclxms.gif
titanic_crash
post Apr 15 2016, 08:11 AM

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QUOTE(veron208 @ Apr 15 2016, 07:44 AM)
Got before submission ?  rclxms.gif  rclxms.gif
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haha..thanks for the reply..actually, it's 14 april..
too excited to write..
prophetjul
post Apr 15 2016, 08:29 AM

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QUOTE(??!! @ Apr 14 2016, 09:34 PM)
YES
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raptar_eric
post Apr 15 2016, 10:35 AM

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hmm, got alot of excess paid.. no idea why..

YEAR OF ASSESSMENT 2015 TAX PAID IN EXCESS

RM 1,763.86

i thought company calculate PCB should be more or less accurate for every month? shouldt be so much difference... i have insurance maxed out, medical card, and also laptop only... hmm
superb999
post Apr 15 2016, 10:45 AM

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I have a situation here. My company is paying for the income tax for the general manager. Now lhdn says the income tax that were paid have to be taxed again in the next year's filing.

I.e tax payable 2014 = rm100k
Have to include the rm100k in 2015 filing as taxable income

I cannot find which act that shows this from the website, but is this considered as perquisites/benefit in kind? Thats why it has to be taxed again?

Seems so weird? Anyway to go about this?
starry
post Apr 15 2016, 11:03 AM

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Submitted 23 March.
Got the refund 14 April thumbup.gif
HoNgZ
post Apr 15 2016, 12:19 PM

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Hello fellow sifus, am first timer to do tax declaration through e-filing and got a bit confuse with the process and those strange terms that i never heard before.

1. Pendapatan Berkanun (Statutory Income) - What is this means? Gross annual income (Before deduction of EPF) + Bonus? I assume this column fill with the Grand Total (Section B and C) in my EA form. Correct?

2. There is a relief of Life Insurance + EPF. I wonder why the system doesn't auto calculate the EPF deductions from our Pendapatan Berkanun ? Instead we need to fill in ourself (As per the EPF deduction from EA form + life insurance) ?

3. Read somewhere saids that PTPTN repayment is not entitled for tax relief in the category of Personal Education. Just a confirmation here. And want to know how this work? I'm a degree holder and working now, if i continue my study as Master (part time) then I can get relief here?

4. What is the purpose of filling in my bank account number in? For refund purpose?

5. Do I need to declare if there are Shares are bought under my name (Not yet sell, but profiting)? Or until i sell it and profit, then only need to declare (under Pendapatan berkanun faedah, diskaun, royalti, premium, pencen, anuiti, bayaran berkala lain dan apa-apa perolehan atau keuntungan lain )?

6. Can I put my medical card fees in section of Insurans pendidikan dan perubatan for relief?

Thanks in advance and appreciate.
SUSDavid83
post Apr 15 2016, 01:53 PM

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QUOTE(HoNgZ @ Apr 15 2016, 12:19 PM)
Hello fellow sifus, am first timer to do tax declaration through e-filing and got a bit confuse with the process and those strange terms that i never heard before.

1. Pendapatan Berkanun (Statutory Income) - What is this means? Gross annual income (Before deduction of EPF) + Bonus? I assume this column fill with the Grand Total (Section B and C) in my EA form. Correct?

2. There is a relief of Life Insurance + EPF. I wonder why the system doesn't auto calculate the EPF deductions from our Pendapatan Berkanun ? Instead we need to fill in ourself (As per the EPF deduction from EA form + life insurance) ?

3. Read somewhere saids that PTPTN repayment is not entitled for tax relief in the category of Personal Education. Just a confirmation here. And want to know how this work? I'm a degree holder and working now, if i continue my study as Master (part time) then I can get relief here?

4. What is the purpose of filling in my bank account number in? For refund purpose?

5. Do I need to declare if there are Shares are bought under my name (Not yet sell, but profiting)? Or until i sell it and profit, then only need to declare (under Pendapatan berkanun faedah, diskaun, royalti, premium, pencen, anuiti, bayaran berkala lain dan apa-apa perolehan atau keuntungan lain )?

6. Can I put my medical card fees in section of Insurans pendidikan dan perubatan for relief?

Thanks in advance and appreciate.
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1. Annual gross income without any deduction

2. You can file a feedback

3. If you're forking the money yourself and you're studying for the eligible course listed on the year of assessment, you can file for the relief. No sure if you're not paying the bill and under scholarship, loan or even company education assistance programme.

4. Refund. If don't put your account number, your refund will be given in term of vouchers like BR1M or BB1M.

5. No. Capital gain is not entitled for tax. Dividend has been taxed at company tax rate.

6. Yes. Follow the ratio of premium payment in the annual statement.
HoNgZ
post Apr 15 2016, 02:33 PM

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QUOTE(David83 @ Apr 15 2016, 01:53 PM)
1. Annual gross income without any deduction

2. You can file a feedback

3. If you're forking the money yourself and you're studying for the eligible course listed on the year of assessment, you can file for the relief. No sure if you're not paying the bill and under scholarship, loan or even company education assistance programme.

4. Refund. If don't put your account number, your refund will be given in term of vouchers like BR1M or BB1M.

5. No. Capital gain is not entitled for tax. Dividend has been taxed at company tax rate.

6. Yes. Follow the ratio of premium payment in the annual statement.
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Thanks for the reply, for #5 Dividend has been taxed at company tax rate, means it has been tax to the company, so when I got the dividend, no need to declare?
SUSDavid83
post Apr 15 2016, 02:38 PM

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QUOTE(HoNgZ @ Apr 15 2016, 02:33 PM)
Thanks for the reply, for #5 Dividend has been taxed at company tax rate, means it has been tax to the company, so when I got the dividend, no need to declare?
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The single tier tax on dividend for share and distribution for fund should be no need to declare anymore.
HoNgZ
post Apr 15 2016, 07:40 PM

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QUOTE(David83 @ Apr 15 2016, 02:38 PM)
The single tier tax on dividend for share and distribution for fund should be no need to declare anymore.
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Thanks for the info, last question, i got change job in the year of 2015, and I got two EA forms from two companies, so in e-filing, just put in the sum amount of both EA form for Statutory Income and EPF?
wil-i-am
post Apr 15 2016, 10:01 PM

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QUOTE(HoNgZ @ Apr 15 2016, 07:40 PM)
Thanks for the info, last question, i got change job in the year of 2015, and I got two EA forms from two companies, so in e-filing, just put in the sum amount of both EA form for Statutory Income and EPF?
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Yes as it's d aggregate sum in a year
HMMaster
post Apr 16 2016, 12:20 PM

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For the tax relief "Perbelanjaan Perubatan Ibu Bapa", does it include medical supplies that we bought from pharmacies?
MUM
post Apr 16 2016, 12:26 PM

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QUOTE(HMMaster @ Apr 16 2016, 12:20 PM)
For the tax relief "Perbelanjaan Perubatan Ibu Bapa", does it include medical supplies that we bought from pharmacies?
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see guide...
F2, page 11
http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...an_BE2015_1.pdf

mamamia
post Apr 16 2016, 01:18 PM

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QUOTE(MUM @ Apr 16 2016, 12:26 PM)
Hire maid to take care my parent due to stroke can consider as penjaga?
HMMaster
post Apr 16 2016, 01:20 PM

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QUOTE(MUM @ Apr 16 2016, 12:26 PM)
Hmmm... still not quite understand it though.

QUOTE
Tuntutan  mestilah  disokong  oleh  pengamal  perubatan  yang berdaftar dengan Majlis Perubatan Malaysia yang mengesahkan    bahawa    keadaan    kesihatan    ibu    bapa memerlukan  rawatan  perubatan  atau  keperluan  khas  atau penjaga.


So, need doctor's support letter if purchase from pharmacies outside?
kingz113
post Apr 16 2016, 01:57 PM

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Hello all,

Just a question on incorrect submission for the previous tax year.

I didn't put in a deduction for KWSP for RM6000.00. I calculated that I overpaid taxes for about RM1000++. How do I go about fixing this?

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