1) Yes
2) No
Tax declaration for Extra Monthly Income, Tax declaration for Extra Monthly Income
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 Jan 2 2024, 02:45 PM
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#1
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1,084 posts Joined: Jul 2022 
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Jan 2 2024, 07:09 PM
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#2
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1,084 posts Joined: Jul 2022
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QUOTE(jack2 @ Jan 2 2024, 05:47 PM) Not correct. Maaf, saya keliru.. how is that incorrect from what I saidIf his friend's business is paying him the money for advisor, definitely they will report it as their expense so it is tax deductible. In order to claim so, the Co will provide the name/info in their tax filling. Hence, TS has to declare it to match both sides.  TS: 1) Currently im only declare tax for my full time job income. Should i do the same for my side income? My answer: 1) Yes When I said yes, answer is.. yes declare tax. Yes.. ye.. ya.. This post has been edited by Natsukashii: Jan 2 2024, 07:12 PM |
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Jan 2 2024, 07:13 PM
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#3
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QUOTE(kopiride @ Jan 2 2024, 02:53 PM) How is your side income being paid to you? Cash? Got epf from that side company? Else I think no need. Nak lari cukai la tu. Like tuition teachers in 90s collect cash .. save.. now become millionaire.. then get LHDN/polis scam call.. easily fell for it because guilty.Unless your side income has at least 3 months pay slip, then your loan amount ( the amount you can borrow increase). Won't increase current outstanding monthly loan payment. I repeat.. TS income is 100% taxable and must declare. |
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Jan 2 2024, 08:12 PM
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#4
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QUOTE(jack2 @ Jan 2 2024, 07:33 PM) No. 2 should not be No. Ohh no 2 maybe I'm incorrect, but for tax reason my no1 is correct  |
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