Hey guys, just want to enquire a little dilemma I am facing.

I normally conduct house calls and majority of my patients have been paying me in cash so over time I have collected a sum of money in cash form which I cannot keep in my house as there have been a spite of breakins around the neighborhood.

So I have been banking all the money in batches of 5k per transaction.

Just wondering how much is too much until LHDN gets notified?

PS I am not running from taxes. I do my annual tax returns as honest as I can but I would not wish to be audited if possible.

audit. my colleagues kena audit and somehow lhdn will do whatever it takes to get us to pay. this was circa prior to election May 9th.

we as in the clinic. my colleague tried to file a complaint saying this isn't right and he was threatened with "even you win this round, we will audit you every year if you fight this"

end up he had to just keep quiet.

PS his clinic is in KL

my post kena reported.

some of these guys really clueless as to how difficult it is to kena audit. my dad company kena audit and they force you to pay the next year punya taxes for this year and say you can claim from immigration next year if not tally.

people doing business will know what I'm talking about. some of these middle income groups don't know shit and will never understand

it kinda sucks seeing all the hard work you put in on a daily basis and the government gets the cut out of it

thanks for the replies guys. appreciate the info.

I have an ocbc account and a maybank and Hong leong.

ocbc for home loan
Maybank for cards
Hong leong for stock broking and car loan.

I sometimes have the paranoia that local banks are prone to report compared to international banks?