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Income Tax Issues v4, Scope: e-BE and eB only
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tyh1010
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Apr 17 2017, 12:16 AM
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New Member
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Hi all sifus, wanted to ask yea,
1. I'm a property agent, there is a case which I have earned on 2015 year end but only get paid on February 2016. So the service is actually done on 2015 but only get paid on 2016, so do we follow accrual principle and need not lodge this case into 2016 income tax? (I didn't lodge that case in 2015 because that's the only case I did, I joined at very end of 2015, and the amount few thousands so I didn't lodge it as 2015 annual income.)
2. I have taken a course that would begins their classes on 2016, but I have prepaid the course fees on 2015 year end, but the fees I paid is for me to attending all the classes on 2016, so can this prepaid expenses be counted as tax relief under education for 2016 income tax?
Please help, thank you so much!
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tyh1010
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Apr 17 2017, 09:38 AM
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New Member
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QUOTE(David83 @ Apr 17 2017, 08:24 AM) 2) Only full fledged tertiary education course at approved/endorsed higher learning institutions is eligible for tax relief. Not short or self-improvement course. Please refer to LHDN website for more details. Hello good morning, I understand that, but can prepaid expense on 2015 year end be tax relief for income tax 2016? Cause the prepaid fees are for the classes on semester 2016. Thank youuu.
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tyh1010
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Apr 17 2017, 11:18 AM
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New Member
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QUOTE(David83 @ Apr 17 2017, 10:14 AM) Your receipt sure got mentioned that the payment is meant for which year. I believe that shouldn't be a big concern. Otherwise, just contact LHDN office. Not stated in the receipt, but I think the details in the receipt should be understandable that the class would be commenced on 2016. Thank you for your time and advice.
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tyh1010
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Apr 17 2017, 12:32 PM
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New Member
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Hi, one more thing, can expenses spent for facebook advertising be declared as business expenses? But I am a property agent, filling up form B, with no company or sole proprietorship. how? =/
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tyh1010
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Apr 18 2017, 12:26 AM
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New Member
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QUOTE(danieljaya @ Apr 17 2017, 08:30 PM) Thank you!
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