QUOTE(yhtan @ Dec 2 2020, 06:35 PM)
If u buy sell buy sell, and keep repeating it. Yes it is consider as your business income. U need to declare.
If u buy one time, then sell multiple time, that one is investment gain.
A bit hard to explain in details, but definitely trading is taxable (if got profit).
But i do know LHDN did won 1 case against bond trader, won the case by stating badges of trade, macam slap him/her few millions penalty IINM.
Exact number i don't know, it is up to LHDN and court to judge on the amount of transaction.
well said.. a lot of people happily treat gains from share trading as capital gains.If u buy one time, then sell multiple time, that one is investment gain.
A bit hard to explain in details, but definitely trading is taxable (if got profit).
But i do know LHDN did won 1 case against bond trader, won the case by stating badges of trade, macam slap him/her few millions penalty IINM.
Exact number i don't know, it is up to LHDN and court to judge on the amount of transaction.
Dec 2 2020, 06:50 PM

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