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 Personal relief Income tax, legally, reduce income tax

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dyaf
post Apr 20 2010, 01:38 PM

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QUOTE(spid3rx @ Apr 20 2010, 01:27 PM)
hi all,

I just start my house down payment this year. and there is a tax relief regarding the housing loan with certain conditions. May I know where to check the conditions, or anyone else know the conditions to be eligible for the tax relief? max can go up to RM10000.

also, I want to know if we should fill in the PCB figures that had been deducted by our company? should we declare? which section should i fill in?

thanks
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I think there is a leaflet attached together with your be form. You can check there.
Basically, what i read is only your house S&P is sign 2008-2009, and also your house is not rented out.


The PCB is the pembayaran cukai berjadual something near the total tax have to pay column.

(just check the leaflet)


Added on April 20, 2010, 1:43 pm
QUOTE(Turnip @ Oct 1 2009, 12:16 PM)
But it says under "buying Computerhmm.gif means it could be a supercomputer,personal computer etc.Supercomputer doesn't have monitors etc.Erm thanks for the info anyway. nod.gif
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Supercomputer is a very expensive equipment, probably would be half the size of a room, if you can afford to buy it just to reduce your tax, then why not?


Added on April 20, 2010, 1:48 pm
QUOTE(Syd G @ Apr 11 2010, 05:28 PM)
Does 'Books' section include audio books? I spend at least RM600 a year on those.
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I think so long the audio books is purchased from bookstore, it is easy to explain.

Don't lar buy audio cd from DVD store like speedy or pasar malam and then want to claim it as audio book. Hard to convince people also lar.


Added on April 20, 2010, 1:50 pm
QUOTE(Singh_Kalan @ Nov 23 2006, 06:11 PM)
Not necessarily. In fact ur income minus all the deductible, if more than RM2.5k is taxable already (1%) and up.

For allowance, some companies file it some don't. Dont know the reason.  Like my case, my allowance r almost same like my basic salary, but my company didn't file it, so no need to pay tax lo.  laugh.gif
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Some allowance are exempted and some are not. Better check what category of allowance it belong to.


This post has been edited by dyaf: Apr 20 2010, 01:50 PM
dyaf
post Apr 20 2010, 01:58 PM

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QUOTE(Syd G @ Apr 20 2010, 01:51 PM)
Does RM600 sounds like speedy or pasar malam to you? tongue.gif

I spend $15 on Audible.com monthly for their Gold membership  biggrin.gif
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I think better ask the accountant around if it can reduce the tax. Your case look like edge case.

But just my opinion, i think what the government want is for people to keep learning and reducing tax by buying book is way to encourage people to do so.

If i am the head of tax department, i would say yes, it can be used to reduce but I do not read their mind and some officers you know lar, also blur blur. It is not like very obvious receipts like Buku, book. They might puzzle and give you hard time.

The key is to be able to show the "obvious".








 

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