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

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ccschua
post Mar 26 2022, 01:50 PM

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got my refund after 3 weeks. the money came immediately after receive email from myhasil
ccschua
post Mar 8 2023, 04:36 PM

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I have a child 18 years and above and studying in college. do i claim relief for 1x8000 and also 1x 2000 ?

or if I claim 1x8000, i cant claim the 1x2000 ?

since I contribute to EPF (more than RM 4000), can I claim the contribution to EPF / approve scheme RM 4000 ?

This post has been edited by ccschua: Mar 8 2023, 04:39 PM
ccschua
post Apr 3 2024, 08:23 AM

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got tax refund today. yesterday checked, no record. submitted 8 Mar.
ccschua
post Apr 25 2024, 08:59 AM

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assuming I m retired at 55.

I have a EPF saving of 2 Mil as well as a housing loan (2nd house) of 2 Mil.
which is better :

A. I could have withdrawn all EPF to pay off the debt of the 2nd home (debt free) and declare rental income and get tax.

B. continue EPF withdrawal to settle monthly debt. do not need to declare to IRS for rental income as its used to offset installment.



ccschua
post Apr 25 2024, 09:49 AM

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QUOTE(MUM @ Apr 25 2024, 09:25 AM)
With kwsp dividend rate normally more than the housing loan interest rate
Would be good to have some added info like these too.
Your 2 mil in kwsp can earn how much money pa? assume 5.5% per annum.
Your 2nd housing loan interest is how much pa? 4.4% per annum
Your 2nd property can rent out for how much per month? 8k per month.
Your monthly repayment of the 2nd property is how much? 12k
*
see response above.

option A will attract tax while option B (with the rental not even enough to set off the monthly installment)

This post has been edited by ccschua: Apr 25 2024, 09:50 AM
ccschua
post Sep 23 2024, 02:56 PM

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today my property management office issue a letter to owner, request by LHDN to furnish owner detail of property to LHDN.

does that mean LHDN will come and check all individual property owner and enforce rental ?
ccschua
post Mar 8 2025, 09:18 AM

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i have company transportation allowance. do i deduct 6k directly from total (inclusive of travel allowance)
ccschua
post Mar 10 2025, 01:00 PM

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QUOTE(patricktoh @ Mar 8 2025, 12:25 PM)
Check section F "Jumlah elaun .... dikecualikan cukai" in your EA form. If the allowance is eligible for exemption, then it should appear here. Else don't simply deduct from total.

My car, petrol & travelling allowance registered at section F and the amount was not added to total income subject for tax.
*
thanks so much. this clears the air. section F mentions amount dikecualikan cukai.

since I didnt claim this deduction last year, can I declare 2023 deduction this year ?



This post has been edited by ccschua: Mar 10 2025, 01:03 PM
ccschua
post Mar 10 2025, 04:36 PM

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during the year 2024, i receive heart screening package paid by company under item 3 nilai Manfaat barangan. can I deduct the amount under complete medical examination for self ?

This post has been edited by ccschua: Mar 10 2025, 04:37 PM
ccschua
post Mar 11 2025, 04:17 PM

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submit today, within 1 hour, tax refund accepted. I wonder if this processing performed by AI.
ccschua
post Apr 2 2025, 01:40 PM

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I did not know that losses from property (interest + other expensive vs rental) can be aggregated against loan free income. can I still go back to Hasil for backdated claims ?
ccschua
post Apr 4 2025, 10:24 AM

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noted your points, however, Refering to attached para 7.1, it shows that negative rental can be offset against others.

so far, IRA is not against this. am i missing something ?




Attached File(s)
Attached File  PR_12_2018.pdf ( 586.2k ) Number of downloads: 12
ccschua
post Apr 4 2025, 11:45 AM

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QUOTE(MUM @ Apr 4 2025, 10:39 AM)
When you file your itr, did you follow as per example 14 for rental income.as non business source?
*
totally agree on this example 14. so now is it possible to rework my past claims and submit to IRA for retro claims
(Since IRA has audit rights to 7 years on my claim) ?

ccschua
post Apr 10 2025, 01:25 PM

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my refund has taken close to a month but not paid. it always says refund in progress via EFT maybank
ccschua
post Apr 21 2025, 01:48 PM

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dont you think malaysia donation tax deductible is never attractive and nearly nobody does that.

in Singapore, cash donation is given at 2.5 times deductables
ccschua
post Oct 28 2025, 03:23 PM

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Hi, I made substantial withdrawal from PTPTN and deposit into EPF at the beginning of the year. the year end has come, I need to deposit 8k + whatever withdrawn.

problem is the withdrawn amount that is placed in EPF is difficult to be taken out, can I submit children university bill to substantiate ? or just skip 1 year.


 

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