hey guys wana ask u about Yuran langganan perkhidmatan internet jalur lebar.

let said i use maxis 3g phone...i got subscribe 3g....
my.monly payment is 103++.(rm 50 is talk time)
that means my 3g is 53 per month...so can i deduct rm 500
in Yuran langganan perkhidmatan internet jalur lebar?

yes, bring ur pcb etc go to ur nearest LHDN n explain to them

I just read that "membership to professional bodies can be deducted from tax.
Such membership must be relevant to their duties."

My question is.. under which section can the fees be deducted?

Check our policy. If you konk off before maturity what happens? If beneficiary receives assured amount then by definition its a form of life policy. If beneficiary receives nothing then obviously its not.

From wiki

A life annuity is a financial contract in the form of an insurance product according to which a seller (issuer) — typically a financial institution such as a life insurance company — makes a series of future payments to a buyer (annuitant) in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (regular-payment annuity), prior to the onset of the annuity.
The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate and the remainder of the fund accumulated is forfeited unless there are other annuitants or beneficiaries in the contract. Thus a life annuity is a form of longevity insurance, where the uncertainty of an individual's lifespan is transferred from the individual to the insurer, which reduces its own uncertainty by pooling many clients. Annuities can be purchased to provide an income during retirement, or originate from a structured settlement of a personal injury lawsuit.

yes, bring ur pcb etc go to ur nearest LHDN n explain to them

hi, can we claim for relief for purchasing nutrition products for parents under the category of "medical expenses for parents"?

tq

Nope because it's not medicine prescribed by medical practitioner.

tq. why did the tax expert in 988 say  can?

According to the IRB's website, the list of allowable deductions for medical expenses incurred for parents includes expenses at nursing homes and for dental treatment. Are medical expenses for parents for treatment at hospitals or clinics allowed for deductions?

Yes, they are allowable. Individuals can claim medical expenses for parents up to a maximum of RM5,000 per year. Receipt from the medical practitioner (only those approved by Malaysia Medical Council) is required as evidence for certifying that the medical treatment has been provided to the parents.

URL: http://thestar.com.my/news/story.asp?file=...4144&sec=nation

> I purchased supplements which helps in controlling my sinus. However, this is not a prescription from a doctor. Am I able to claim for it?

See above. The purchase of supplements would not fall within this definition and therefore it is not claimable as a tax deduction.

> My daughter has been on anti-allergy medication for more than a year. Are her medical costs claimable?

See above. Since the definition exemplifies diseases which are serious and chronic in nature, this is unlikely to fall within this definition.

> I want to claim for my parents’ medical expenses but receipts are under their name. What should I do?

Tax relief of up to a maximum of RM5,000 is available in respect of medical expenses expended by an individual for his parents provided that the claim is evidenced by a medical practitioner’s receipt to certify that the treatment was provided for your parents.

Where the receipts are issued in your parents’ names, you may substantiate your relationship with your parents by showing proof such as your birth certificate, in the event of an audit by the Inland Revenue Board.

URL: http://thestar.com.my/news/story.asp?file=...88503&sec=focus

They're not tax expert. Always refer back to LHDN website or other reliable sources.

he, the Dr, is a tax expert.  I reffered to the speaker not the DJayss.  Very useful information, thankx.

1 more q, how do we know if we are qualified as "skill worker" and hence, entitled to fix 12% income tax levied?

tq

Refer to: http://www.hasil.gov.my/pdf/pdfam/PUA_344_2010_2.pdf

Can anyone explained the above with calculation example, cos I don't understand it.
Lets say I just bought a house last year with RM300k loan, am I entitle for exemption?

Thanks!

I just read that "membership to professional bodies can be deducted from tax.
Such membership must be relevant to their duties."

My question is.. under which section can the fees be deducted?

There are certain conditions, namely being ur S&P must be signed within the stipulated date. U might wanna check tht up first. If yes, then u may be able to claim for relief not exceeding RM10k on the interest paid.

Yup, it's within the date. But how to calculate the interest paid?

Can I claim MLTA under life or medical insurance?