don't think u need to declare when u re-sell item without official receipt (which with a registered company).

any expert can confirm?

heard that we can open a tabung pendidikan account, and the $ deposited into the account is also subjected to income tax relief too - as long as the $ active till end of the year, i.e. 31/12/2015. so if i open a new account and deposited some $, and then on 1/1/2016 i close the account to take back all the $, is it still subjected to tax relief?

yes, for children. so can close the account after 31/12, right?

ya i know need to put in money by 31/12, but can i close after that date? basically just want to qualify for tax relief.

filling in amount at "INCOME OF PRECEDING YEARS NOT DECLARED", doesn't add up the total income?

how does the new "lifestyle" tax relief rm2500 worth? how many % of the tax? wonder should wait till nxt year only get new gadget.. or just get it now

Oh yah, I also overlooked on the internet subscription. That alone already enough to cover 2500.. Lol..

when can start submit income tax online?

thanks.. still long way to go..

open a sspn account for kid last year Nov2016, pumped in 6K - so that coming income tax declaration can relief another 6k. question, when is the best time in between Jan-April to withdraw out all 6k, so that it is still eligible/qualified?

sure? coz the ptptn officer said better wait till at least month april only withdraw.. but i may need to use the cash anytime now..

ok noted..
by the way, how long does it takes to credit to your account? savings account i assume?

question regarding tax relief for sspn deposit.

steps of scenario:
-in year 2016 deposited 6k
-so in year 2017 income tax submission for year 2016, i got tax relief of 6k
-in year 2017, didn't deposit any sspn, but withdraw 3k hence making the balance of sspn account left 3k
-so in year 2018 income tax submission for year 2017, no chance to submit any tax relief for sspn
-in year 2018, then make deposit of 6k into sspn

question, what is the tax relief amount i can submit for 2018 during e-filling in 2019?

so it is count by total deposited.

i ain't sure.. i thought i can claim 6k in y2019 e-filing, since i didnt claim in yr2018

This post has been edited by spreeeee: Aug 7 2018, 10:46 AM

ok, thanks for explanation..

Need sifu to enlighten me on this scenario about tax relief on sspn deposit:

-Year 2016, I deposited RM6K, hence during tax submission in 2017, I can get tax relief of RM6K.

-Year 2017, I withdraw RM3K and didn't make new deposit, hence during tax submission in 2018, I can't claim sspn tax relief.

-Year 2018, I deposited RM6K, how much tax relief if I do tax submission in 2019?

how much tax relief of 6k is worth?

jz want to measure.. is tax relief better than 6k put into fd of 4% interest p.a.

so tax relief is much better than fd %

yes, thanks.