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

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dummies
post Mar 10 2016, 09:14 AM

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i understand this year , we can claim the "parents support" fees like RM 3K relief for those who support their parents, anyone know how that works and which section we can claim that relief?

Do i need to share that 3K with my sisters if they are not working?
dummies
post Mar 28 2016, 11:08 AM

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hi all

If i have a condo with joint name ownership with my wife which i have rented it out, how should i declare the rental income and expense (i.e : maintenance fees and etc) in my BE? is it all the expense and income for that rental split 50-50 with my wife ? My wife declares her tax individually using her BE form and not join with me

if i buy medical card insurance for my mother, can I declare that as tax deduction under the "parents medication" section?

thanks
dummies
post Apr 9 2016, 09:41 AM

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* Telah melupuskan syer dalam syarikat harta tanah dan/atau harta tanah di bawah Akta Cukai Keuntungan Harta Tanah 1976"

Telah melaporkan pelupusan tersebut kepada LHDNM?

Should i asnwer YA or TIDAK for the above two questions if i have sold off a house in 2015 that is > 5 years old and LHDN sent me a letter mentioned i won't be taxed under RPGT because it was > 5 years since i owned that house?
dummies
post Apr 9 2017, 08:43 AM

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For the parents tax relief which is 3k which i understand i have to divide it among all the siblings i have, if one my sister has migrated to Singapore and she is no longer a malaysian citizen, do i still need to count her in here when i divide the 3k amount?

If my dad is semi retired and he has certain income (he does not file in eBE because his total income is below the taxable income), can i still submit that 3k tax relief for my dad ? My mother is a house wife

Thanks

This post has been edited by dummies: Apr 9 2017, 08:45 AM
dummies
post Apr 9 2017, 09:01 AM

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QUOTE(David83 @ Apr 9 2017, 08:48 AM)
Q1: You only count those siblings who are going to file for the same parents tax relief; not total number of siblings.
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Thx david, how about question 2, if my parent has sone income , can i still file this 3k tax relief?
dummies
post Feb 11 2019, 04:54 PM

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For the SVDP (SPECIAL VOLUNTARY DISCLOSURE PROGRAMME) which now IRD is promoting and asked everyone to participate before 31 march 2019 to get the minimum penalty, if i have an Australia saving account that was opened 8 years ago which only has Aussie dollar 100 (My initial deposit) which i never touch in the past 8 years, do i need to declare it?

if i need to declare it, what is the process? thanks

This post has been edited by dummies: Feb 11 2019, 04:54 PM
dummies
post Sep 21 2019, 04:02 PM

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For the Special Voluntary Disclosure scheme (SVDC) that will end this month end, anyone know how to calculate the Rate of Penalty which is 15% ?

for example, let say i declare RM10,000 which i did not declare in 2016 e-filing, is it i need to pay the penalty of RM1500 (15% of RM10000) to IRD in this month ?

Anyone know how to submit the declaration to enjoy the 15% penalty rate? Is it i i need to go to IRD office to fill a form and pay the penalty on the spot ? Appreciate anyone who has participated in this SVDC share the process here.

This post has been edited by dummies: Sep 21 2019, 04:07 PM
dummies
post Sep 21 2019, 04:11 PM

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QUOTE(MUM @ Sep 21 2019, 04:06 PM)
while waiting for value added responses....can try read this for some added info while you wait?
http://lampiran1.hasil.gov.my/pdf/pdfam/GPO_1_2019_ENG.pdf

http://lampiran1.hasil.gov.my/pdf/pdfam/FAQ_VD_BI.pdf
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thanks..i read the guidelines, it did not give example how to calculate that 15% penalty rate so i would like to confirm is it 15% over the declared income or other formula they use here.

it said i can write email to declare it, what to include in that email such as do i need to mention the source of my undeclared income such as from rental and etc? Do i pay the penalty 15% right after i write that email to LHDN or i have to wait until they acknowledge my email and confirm my declared income is OK and instruct me to pay that 15% penalty later ? this is the part i need some clarifications here...

This post has been edited by dummies: Sep 21 2019, 04:13 PM
dummies
post Sep 22 2019, 11:48 AM

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QUOTE(MUM @ Sep 21 2019, 04:15 PM)
as the closing date is coming to a close.....
if you cannot wait for responses....try

e-mail: pengakuansukarela@hasil.gov.my.
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thanks. Actually i did that, I wrote them all my questions two weeks ago, still no reply :-( , may be they got too many emails so no time to reply to all..

since the closing date is coming soon so i am reaching to this forum for help to see anyone has done it to share the process here..
dummies
post Sep 23 2019, 01:48 PM

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QUOTE(klthor @ Sep 23 2019, 12:54 PM)
normal penalty = max 300%. SVDC = 15%.

Penalty =/= tax rate. you got the idea totally wrong.
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ya, i know..that's why i was asking my question here, is it like what rapper said, If lets say my tax bracket is 21% that year than is 21% x 10k (Undeclared income) = 2100 tax payable + 15% fine - RM315 = Total RM2415

If the additional 10k of income raises my tax bracket than my initial tax filing also have under paid tax + penalty. Is that correct?
dummies
post Apr 12 2020, 11:01 AM

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i have a question about the "yuran pengajian (sendiri)" at the BE form? I am a PMP certified individual (https://www.pmi.org/certifications/types/project-management-pmp) due to i work as a project manager. Every two years ,i have to take an online course to get my certificate valid. The online course cost RM1200 and the recertificatgion cost is RM 1000 from PMI (project management institute which is a body to govern the PMP certifications) , may i know can i claim that RM 2200 under the yuran pengajian (sendiri) at my BE form?
dummies
post Apr 12 2020, 11:34 AM

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QUOTE(MUM @ Apr 12 2020, 11:23 AM)
while waiting for responses,
my uneducated guess is this is applicable and worth to check it (PMP institute) out ...
http://lampiran1.hasil.gov.my/pdf/pdfam/Ex...es_BE2019_2.pdf
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thanks, when i checked with moe.gov.my web site, i can't find PMI as one of the professional body MOE recognizes, hence, i am not sure can i submit the PMP certified fees under this category..hope some tax expert can advice here
dummies
post Apr 16 2020, 12:27 PM

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QUOTE(dummies @ Apr 12 2020, 11:01 AM)
i have a question about the "yuran pengajian (sendiri)" at the BE form? I am a PMP certified individual (https://www.pmi.org/certifications/types/project-management-pmp)  due to i work as a project manager. Every two years ,i have to take an online course to get my certificate valid. The online course cost RM1200 and the recertificatgion cost is RM 1000 from PMI (project management institute which is a body to govern the PMP certifications) , may i know can i claim that RM 2200 under the yuran pengajian (sendiri) at my BE form?
*
anyone can advice my question above ? The nota B mentioned the profession bodies have to be in MOE list but i go to moe web site, i can't find PMI is listed there. so can i still claim the above fees under yuran pengajian (Sendiri) ?
dummies
post Apr 20 2020, 11:33 AM

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QUOTE(KSYKS @ Apr 18 2020, 04:03 PM)
Per LHDN Nota Penerangan, it wrote "Potongan sehingga RM7,000 boleh dituntut ke atas yuran yang dibelanjakan bagi mengikuti kursus pengajian berikut di mana-mana institusi tempatan atau badan profesional di Malaysia yang yang diiktiraf oleh Kerajaan Malaysia atau diluluskan oleh Menteri Kewangan:-
(i) Selain ijazah di peringkat Sarjana atau Doktor Falsafah
Sebarang kursus pengajian sehingga peringkat tertiari bagi tujuan memperoleh kemahiran atau kelayakan dalam bidang undang-undang, perakaunan, kewangan Islam yang diluluskan oleh Bank Negara Malaysia atau Suruhanjaya Sekuriti, teknikal, vokasional, industri, saintifik atau teknologi.
(ii) Ijazah di peringkat Sarjana atau Doktor Falsafah
Sebarang kursus pengajian bagi tujuan memperoleh kemahiran atau kelayakan.

That it is for your study cost than maintenance of membership. So, cannot claim as relief.
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thanks for your reply then i won't claim my PMP membership renewal course fees there.

Actually government should not limit this to only degree or master course, we as citizen continue to acquire new knowledge from other means to increase our professional knowledge as part of the continuous improvement to up skill our our knowledge to do our works better in our own field.
dummies
post Apr 28 2020, 12:24 PM

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may i ask a question regarding “Has financial account(s) at financial institution(s) outside Malaysia” at our eBE form?

If i have a US E-trade share trading account, is it considered as “Has financial account(s) at financial institution(s) outside Malaysia”? Thanks!
dummies
post Apr 29 2020, 03:10 PM

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QUOTE(maestrox_69 @ Apr 29 2020, 09:57 AM)
Yes.

"The major categories of financial institutions include central banks, retail and commercial banks, internet banks, credit unions, savings, and loans associations, investment banks, investment companies, brokerage firms, insurance companies, and mortgage companies."
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i did ask this question before to a few tax experts who help people to submit tax with fees, all give me different answers, some say yes , some say no and some say "likely" no....so I don't know who is correct :-)

any expert here know the confirmed answer here?
dummies
post Apr 17 2021, 10:57 PM

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my father is 83 years old and retired, but he has a rental income of RM20K per year, in the past few years, i did submit eBE for him and no tax was paid due to the yearly income is so small

May i know do i still need to submit eBE for him every year with such a low rental income ? Or i can just forget about it and stop the eBE submissions starting this year?

This post has been edited by dummies: Apr 17 2021, 10:57 PM
dummies
post Apr 3 2024, 09:40 AM

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for parents medical fees claim, can we submit the chinese tabib (TCM) receipt as part of the claim?
dummies
post Apr 3 2024, 09:57 AM

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QUOTE(MUM @ Apr 3 2024, 09:49 AM)
Most probably has this condition as our image.

You will need to explore more
https://www.hasil.gov.my/media/ulzlrzij/exp...es_be2023_2.pdf
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ya, i saw this note too, some of those TCM practitioners do register with MMC but under the "alternative, complimentary , traditional treatment" section under MOH, they do have the recognized certificate that looks like this : https://ustazamindarussyifa.com/sijil-perakuan-pengamalan/ (This is from a Malay tabib) , not sure can we include them in our parent medical claim if they do issue us the receipt.
dummies
post Apr 3 2024, 12:47 PM

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QUOTE(MUM @ Apr 3 2024, 10:26 AM)
If that TCM is a registered professional, then
https://www.yycadvisors.com/traditional-Chi...aim-relief.html
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thanks , this is helpful, that means TCM is claimable under the parent medical expense section.
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