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 Taxable income for individuals, businesses

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SMILE
post Mar 27 2008, 02:33 PM

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Hi experts out there, if you own a website that you charge ppl when they advertise at your website then this kind of income taxable mar? Let's said for example website like cari or lowyat. Any help? 10s.
SMILE
post Mar 27 2008, 04:13 PM

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QUOTE(cherroy @ Mar 27 2008, 02:38 PM)
All income are taxable unless stated otherwise. But if your total annual income doesn't exceed the taxable income then no tax, but still it is treated as your taxable income, just fall short of tax requirement.
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ic, how much is "doesn't exceed the taxable income"?

what's the tax different if the web owned by me OR owned by a company i registered(and i pay portion of profit to patner)? 10s Cherroy, 10s.

 

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