If loss making Co sure not enforce onelah but if highly profitable sure kena give 30%.

Pin no for personal efiling is available now. Just go to the nearest LHDN branch b4 it gets too crowded as efiling BE/B2008 just started today

??? Each taxpayer can claim to max RM3000 for SSPN, So taxpayer can claim RM 3000 and wife also claim RM 3000 if assesment is made seperately.

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Added on February 7, 2009, 12:03 amYou can still file for BE2007 but must be done manually. Either go to the nearest LHDN office and get a BE 2007 or else download pdf format from LHDN website and print with laser printer on A4 size paper(specs are strict). If you are taxable there may be a penalty. If you don't file then you will not be able to claim for your 2007 PCB deduction. DO NOT declare your 2007 income in the arrears section of your 2008 form.

This post has been edited by penangmee: Feb 7 2009, 12:03 AM

Only state/parlimentary allowances received by ADUN is tax exempted, other income e.g rent , partnership profits,salary from other source, spouse income is taxable.

For Malaysia it is considered tax at source (final tax) so do not declare in the Form BE/B.
Yes you can still make an appeal. Appeal have to be made in writing together with your EA form(for the EPF) and annual life insurance statements/receipts. Your audit officer may also ask for the receipts for anything else you have claimed.

Of course you can buy. Intel/Microsoft welcomes your purchase. But you will not be able to claim for income tax deduction,

REIT is treated as FINAL tax therefore no need to declare as taxable income and no refunds will be paid back.

For dividends from shares either 25/26% you will have to declare it and can claim back refund if aplicable. If you are at 27% then you will have to pay the extra 2 or 1%. REmenber if did not declare and later detected at audit then penalty is at minimum 45% of tax.

I can categorically confirm that chicken soup even though recommended by Dr cannot be claimed as medical expenses fot income tax purposes.

Haiya, only medical expenses incurred by parent as evidenced by receipt from Doctor registered with MMA will be considered. Although extension is given to nursing home/care.

No unless baby is suffering from SERIOUS illness as per examples in guide- haert,kidney etc. Normal fever & cold - NO.

Normal baby check up, I dun think so . I don't think any hospital does 'full medical check up packages for infants'.

No need to include in BE.

Yes .....

Q1 - Yes, If required have to show birth cert.

Q 2 = No, medical insurance = NOT medical expenses

This post has been edited by penangmee: Mar 19 2011, 10:23 AM

Answer here http://www.hasil.gov.my/pdf/pdfam/PR2_2005.pdf
para 6.1.15(d)

Rental income is income. You have to declare your net rental profit.

Buy a deferred annuity from your life insurance agent.

Deferred annuity is a type of life insurance . Ordinary life insurance in Malaysia = lump sum payment at the end of maturity.
Deferred annuity is life insurance with instalments paid over set period/life(eg monthly payment until death) at maturity. sort of a pension paid by the life insurance co.

Must be supported by Doctor's prescription.

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.

This post has been edited by penangmee: Apr 16 2011, 01:25 PM

You sure on this?

Potongan cukai yang dibenarkan kepada individu yang melakukan
perbelanjaan Langganan Jalur Lebar adalah langganan yang didaftarkan atas
nama individu dalam tempoh asas sesuatu tahun taksiran. Amaun yang
dibenarkan adalah terhad kepada amaun maksimum RM500.00 setahun dan
potongan cukai dibenarkan mulai tahun taksiran 2010 dan berakhir pada
tahun taksiran 2012.

Sos http://www.hasil.gov.my/pdf/pdfam/JALURLEBAR.pdf

Schedule 6 (income exempted from tax) - para 25(1)(b) Income tax Act 1967:

25. (1) Sums received by way of gratuity on retirement
from an employment-
(a) if the Director General is satisfied that the
retirement was due to ill-health; or
(b) if the retirement takes place on or after reaching
the age of 55, or on reaching the compulsory age of
retirement from employment specified under any
written law and in either case from an employment
which has lasted ten years with the same employer
or with companies in the same group; or
© if the retirement takes place on reaching the
compulsory age of retirement pursuant to a contract
of employment or collective agreement at the age of
50 but before 55 and that employment has lasted for
ten years with the same employer or with
companies in the same group:

This post has been edited by penangmee: Sep 16 2011, 01:21 AM