Under penalty Sec 113(2).

sos from the horses mouth http://www.hasil.org.my/pdf/pdfam/ProgramM...BNCP_2012_2.pdf

1.2 Grace Period For Submission Of ITRF Via:
A) e-Filing
i. ITRF furnished via e-Filing after the due date for
submission of the form shall be deemed to be received
within the stipulated period if the form is received within
15 days after the due date for submission of the form.
ii. For failure to furnish within the allowable period, penalty
can be imposed under subsection 112(3) of the Income
Tax Act 1967 (ITA 1967) based on the due date for
submission of the ITRF.
Example:
The due date for submission of Form BE for Year of
Assessment 2011 is 30 April 2012. The grace period for
e-Filing of Form BE for Year of Assessment 2011 is given
until 15 May 2012. If a taxpayer furnished his Form BE for
Year of Assessment 2011 via e-Filing on 16 May 2012,
the receipt of his ITRF shall be considered late as from 1
May 2012 and penalty under subsection 112(3) of ITA
1967 shall be imposed.

Warning : Housing loan interest is deductible for 3 years interest is EXPENDED not for 3 years it is claimed. ie first charged by bank. Those who try to be extra clever by not claiming for 1st year(coz small amount) and try to claim for next 3 years BE WARNED.

Source

An amount limited to a maximum of RM10,000 is deductible for
each basis year for a period of three consecutive years of
assessment beginning from the date in which the interest is first
expended.

http://www.hasil.org.my/pdf/pdfam/Explanat...es_BE2011_2.pdf

MACPA - YES.

CPA from which country? Certified to practise in Malaysia on its own? IF not then NO.

I have highlighted the required details in RED.

You have mixed up your facts.

Subsidised housing loan interest by employer is different from your own housing loan.

First is a benefit provided by your employer.

2nd is a housing loan taken up bu yourself.
S&P signed in July 2010 is eligible for the deduction provided you fulfill all other conditions.

Only with 45% tax evasion penalty

Cannot - buy car, buy house, bid for big contracts. When caught all profit go to pay penalties.