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 Personal relief Income tax, legally, reduce income tax

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cute_boboi
post May 7 2009, 06:37 PM

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QUOTE(ronnie @ May 7 2009, 02:37 PM)
Any of your employers asking you to fill up Borang TP1 ?
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Don't think so. What type of form is it ?
cute_boboi
post May 8 2009, 10:45 AM

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Oh, TP1 for books deduction. sweat.gif

If I purchase books at the recent KLIBF @PWTC, but the give a handwritten normal-receipt with their company/distributor chop (e.g. Berita Publishing & Crescent News - I bought LAT comics tongue.gif ), is it valid/acceptable to LHDN ? Or they want official book store receipt like Kino, Borders, MPH, Popular, etc. ?

KL International Book Fair -> annual book fair @PWTC every year around mid-Apr for 10 days.
cute_boboi
post Apr 29 2011, 09:54 PM

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QUOTE(Hannibal @ Apr 29 2011, 05:29 PM)
Sad sad sad, bought a house last year with staff discount. Even I am aware that the discount is taxable, but the number is just shocking! I nv pay such high amount of income tax before. Anyone in my situation?
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How "high" is your taxed amount ? hmm.gif

cute_boboi
post Jul 25 2011, 11:40 AM

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QUOTE(Titan_Gunners @ Jul 17 2011, 02:13 PM)
How about I pad 2, consider as computer?
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From IRB Q&A discussion:

With WiFi only - can claim as computer.

With WiFi and 3G - no.

Some others may have confliction info.
cute_boboi
post Mar 30 2012, 12:41 PM

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QUOTE(truth_seeker_09 @ Mar 29 2012, 01:56 PM)
want to ask.
1. Quesetion about EPF and Insuraces
Eg.
EPF $6500
Life Insurance $3000
Medical Insurance $550

In Tax form, can i claim as follow?
Insurace and EPF =6000
Medical and education insurance ($3000X60% + $550)=2350

2. If i took some IT professional Certification Exam. Am i elligle to claim for tax deduction? under Education Fee?
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Tax deductible
EPF + Life Insurance
= 6500 + 3000
= 9500
= 6000 (max deductible)

Medical & Education insurance
= 550 only (max 3000)

You cannot simply pro-rate 60%.
Also if it is explicitly stated as Life Insurance, you can't split it up.

QUOTE(lucifah @ Mar 29 2012, 03:38 PM)
for the tablet, can you double confirm as i have been receiving mixed response?
according to my accountant (and his circle of tax accountant friends) - only sports equipment, like racquets, bicycle, golf clubs, etc can be claimed

shoes or shirts cannot be claimed. if you ride bicycle competitively, new parts for the bikes (eg new chain or new brakes) also cannot be claimed

if you can confirm that shuttlecocks can be claimed, it'd be nice. i have a few hundreds ringgit worth of shuttlecocks. sadly, only rm300 limit.
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Shoes, clothes (even swimming attire) cannot claim.
Racquets and shuttlecock can.
Bicycle & its parts, I'm not sure.

Refer my post #262 here
cute_boboi
post Aug 30 2012, 03:08 PM

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QUOTE(onlinepaycheck @ Aug 30 2012, 12:34 PM)
Does anyone know the answer to this?
I filed 50:50 previously but would like to switch to 100:0 for next filing.

Thanks in advance.
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According to earlier replies, if S&P both names, then 50-50. Unless you have specifically mention in S&P that, e.g. you own 2/3 and wife 1/3. Or other %.

QUOTE(pisces88 @ Aug 30 2012, 12:53 PM)
Is PCB calculated based on fixed rate? (example rate for 2011, 10-20k 3%, 5-10k 3%, less than 5k 1% etc). seems like i got charged more than the 1% every month for my PCB. why ya?
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It's fixed amount, based on your monthly salary. Similiar like how EPF deduction works.
Refer PDF below.

[URL=http://www.hasil.gov.my/pdf/pdfam/SCHEDULESTD2010.pdf]JADUAL POTONGAN CUKAI BULANAN
SCHEDULE OF MONTHLY TAX DEDUCTIONS[/URL]
cute_boboi
post Aug 31 2012, 10:03 PM

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QUOTE(pisces88 @ Aug 30 2012, 11:20 PM)
thanks alot!

so when next year file for income tax i can submit and request refund if got extra? or they will auto do it?
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Next year you need to fill up assessment for year 2012, do all the calculations, and submit. Then wait LHDN confirm, and will bank-in or send you the cheque.
On your side, make sure all declarations are correct and no evade, under declare, etc. anything illegal. If get caught and audit, kantoi ...
cute_boboi
post Jul 3 2013, 01:11 PM

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QUOTE(master2013 @ Jul 2 2013, 05:38 PM)
question people what if I put a value in medical expense and I dont have receipt, is there any penalty for it?
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Yes, false declaration. Tax evasion. Wrong submission.
All liable for fine/penalty if get caught/audited.
cute_boboi
post Oct 9 2013, 12:14 PM

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QUOTE(Angela.X @ Aug 19 2013, 10:21 PM)
Hi,
Can we use credit card statements to justify/proof of purchase instead of receipts? i.e, broadband(auto-billing), amazon books ?
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No. The billing (if available) must be under your name. e.g. broadband, computer, etc.
Even medical for parents (perubatan ibu bapa) , the receipt must be your parents name or your name.
Remember if they really audit and goto the clinic/hospital to check the records.

QUOTE(Tsuto @ Aug 24 2013, 11:37 PM)
How do we check the tax refund status? Did their website allow us to check, I cant spot any link.
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No status currently. If everything in order, refund will be 2-4 weeks.
Otherwise can take 3-4 months.

If you impatient, you can contact LHDN (call/email) , give them your tax file reference number, and they will get back to you.
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