I'll try to help out

i) If he is self employed, it will be business income. Being taxed under this category allows a person to deduct all expenses that is incurred against his business income provided the expense is used wholly and exclusively in the production of his gross income. It must not have any personal element in it. No limit as to the expenses he can incurr. But it doesn't make sense to spend more than what you can earn. All claims must be with a receipt, otherwise you risk getting penalise in event of a field audit.

a) Yes, it must be converted into RM. If he uses RM to buy a TT, use that actual cost. If he uses a foreign account to pay off the the expense (USD pay USD), convert using spot rate on the date of purchase.

ii) Your claim must be substantiated. The premium must be paid at 2008 in order for you to claim a deduction. I don't think the actual amount paid is fixed as there is always a discount on it, more as the years go by. So, I don't think you can use the prev year figures.

Does anyone know how should the insurance be calculated especially with things like riders? For example, in my insurance policy, certain portion is clearly stated as life, one item is for medical but there is another portion that is life/medical. It says life is 100%, medical is 60%.

So, if the amount for medical/life is RM1000 - does that mean i can apply RM1000 in the tax relief under life insurance and at the same time RM600 under medical insurance? Or I need to select or choose whether to apply under life or under medical?

For D5 - Yuran Pendidikan, what type of education fee can be included for relief?
Stated in the instruction from LHDN, the kursus needs to be certified or approved by MoF.
Does MBA count?

Hi I am new here. May I know where shall I put the tax relief for petrol card and car allowances in the online BE form?

MBA is included...

Yuran pendidikan (sendiri):
(i) peringkat selain Sarjana dan Doktor Falsafah – bidang undang-undang, perakaunan,
kewangan Islam, teknikal, vokasional, industri, saintifik atau teknologi maklumat
(ii) peringkat Sarjana dan Doktor Falsafah – sebarang bidang atau kursus pengajian

want to ask, is shift allowance considered as 'Penggajian'? cause in EA form it is out of 'Penggajian', thanks.

but our company finance department ask us to deduct the amount of Section G from the total income..????     

I wana ask the following insurance which is deductable for personal relief:

(a)　Prestige Care,
(b)  Critical Premium,
©  Living care Plus Rider
(d)  Flexicare
(e)  Hospital Benefit

If so, whether it falls under life/medical insurance.

thanks.

Need clarification on transfering value from EA form to BE form:

EA form: B1. Gaji kasar --> BE form: Pengajian
EA form: B1. Fi, komisen, bonus --> BE form: Apa-apa perolehan atau keuntungan lain
EA form: B1. Tip kasar, perkuisit, elaun lain --> BE form: No need to fill up
EA form: G. Gaji kasar --> BE form: Tolakan cukai seksyen 110 (lain-lain)

Am I tranfering to correct section?

Thanks.

---

Added on April 28, 2009, 10:32 amCorrection:

EA form: G. Jumlah elaun,perkuisit,pemberian,manfaat yang dikecualikan cukai--> BE form: Tolakan cukai seksyen 110 (lain-lain)

the exemption covers earning of RM7,000+, which is also the difference between the taxable income
thus the tax amount differs about RM 400+ (7%, since the tax bracket is upped) if i exclude the PENGECUALIAN

the bonus is declared under PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN and and has it's tax pre-deducted already, so basically it's covered.

does it also include purchase of golf sets? (sorry if it sounds stupid)..

if my company have a rental income , wat is the tax rate for it ??and wat kind of expenses can be deductable for it ??How to reduce it ...

There isn't Section 4D
And Section 4A not about rental income

I filled my e-filing last month and need to pay some money. However i have not pay yet. Is there deadline and penalty?