Personal relief Income tax, legally, reduce income tax
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 Mar 23 2008, 01:58 PM
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#1
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1,933 posts Joined: Mar 2006 From: ~Universe~  
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QUOTE(hackwire @ Mar 22 2008, 09:37 PM) Charity must be with receipt right? can it be temple or any charity with receipt? those receipt must hav a chop like "exempted under Section...". the rest, is disallowed for tax deduction. so, dun donate tat often lor. |
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Mar 7 2009, 12:54 PM
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#2
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Senior Member
1,933 posts Joined: Mar 2006 From: ~Universe~
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QUOTE(cherroy @ Feb 8 2009, 05:39 PM) It depends. Cherroy, u r right on that.. any unused tax credit will be void after 31 December 2013.. for now, the co. can still choose to opt for single tier or not..Under single tier system, no. Under old imputation system, still can claim back. Now, there is mixture on both as those company still having lot of tax credit will comtinue to pay dividend under old system, while those company has used up the tax credit or already in new single tier system will declared dividend under the new system. Any tax credit unused will be void after 2013, if not mistaken, they gave grace period of 5 years for company to clear up the tax credit. Correct me if I am wrong, |
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