QUOTE(Starbucki @ Apr 17 2009, 01:20 PM)
Never mind, yellow is better than red. Stock market V23, New PM in the house
Stock market V23, New PM in the house
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Apr 17 2009, 01:22 PM
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Senior Member
3,413 posts Joined: Dec 2006 From: Damansara |
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Apr 17 2009, 01:28 PM
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Senior Member
2,646 posts Joined: Oct 2008 |
haah so good ah buy one get one kiss from leng lui
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Apr 17 2009, 01:34 PM
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Senior Member
1,256 posts Joined: Nov 2004 |
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Apr 17 2009, 01:36 PM
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All Stars
23,851 posts Joined: Dec 2006 |
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Apr 17 2009, 01:37 PM
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Senior Member
4,305 posts Joined: Sep 2008 |
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Apr 17 2009, 01:40 PM
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All Stars
23,851 posts Joined: Dec 2006 |
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Apr 17 2009, 01:41 PM
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Senior Member
1,389 posts Joined: Apr 2009 |
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Apr 17 2009, 01:54 PM
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Senior Member
3,784 posts Joined: Jun 2005 |
QUOTE(SKY 1809 @ Apr 17 2009, 12:59 PM) Sorry i mixed up with business tax ( person in business like corporation with Profit and loss account ) individual loss or company loss?( anyhow , trading is also deemed to a business source, depending whether one wants to submit a profit and loss account ). The person I talked to is deemed to carry on a business. might Not applicable to personal income tax ( not submiting together with a profit and loss account ) there is unabsorbed tax losses using to offset future earning |
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Apr 17 2009, 01:56 PM
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Senior Member
2,646 posts Joined: Oct 2008 |
no la .. not moving means boring .. boring ocunter no shiok de
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Apr 17 2009, 02:01 PM
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Senior Member
1,470 posts Joined: Jun 2005 From: Securities Industry |
QUOTE(SKY 1809 @ Apr 17 2009, 12:28 PM) Income tax will not pay you back CASH refund for losses. Haha,don't know why we always seem to be on a different wave length You could accumulate losses in income tax to collect bonus link points if you want. There are many types of business incomes like rental income. Each under diff section, cannot be used to set off one another ( like trading of shares ) Sorry sounds a bit harsh. For example - trading loss 100,000 tax loss carry forward. Comm Income rm 100,000 - pay tax on this amt first. I know what you mean and agree with your views, If you are the DG at LHDN,knowing jolly well that most people will lose money trading in shares,so overall there will be more taxpayers claiming for losses (OG files,not SG files)than being taxed on gains ,at the end,there will be less tax collected.In this situation,it may not be beneficial to insist on taxing trading gains as business profit then. Maybe that's why LHDN has been quite lax on this. And finally,I believe all Remisiers and FBRs are OG cases. No offence.Sky, |
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Apr 17 2009, 02:05 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
come on already, drop 5-10 points, baru shiok, a correction is due for upwards runs (to 1000pts)
Somebody pls sell down PETGAS or MAYBANK 1 lots until CI turned RED. Why DIGI is not moving?? |
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Apr 17 2009, 02:05 PM
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All Stars
23,851 posts Joined: Dec 2006 |
QUOTE(lklatmy @ Apr 17 2009, 02:01 PM) Haha,don't know why we always seem to be on a different wave length Yes, you right.I know what you mean and agree with your views, If you are the DG at LHDN,knowing jolly well that most people will lose money trading in shares,so overall there will be more taxpayers claiming for losses (OG files,not SG files)than being taxed on gains ,at the end,there will be less tax collected.In this situation,it may not be beneficial to insist on taxing trading gains as business profit then. Maybe that's why LHDN has been quite lax on this. And finally,I believe all Remisiers and FBRs are OG cases. No offence.Sky, Most police stations do not like people to make reports. I was once scolded for reporting a credit card fruad. Practice and theory is not always the same. Otherwise many MBA in investments are billions now. Added on April 17, 2009, 2:08 pm QUOTE(ts1 @ Apr 17 2009, 01:54 PM) The word trading means business source, either individual or company ( and the frequency of trade )Even a gigolo is deemed to carry out a trade, though individually. This post has been edited by SKY 1809: Apr 17 2009, 02:12 PM |
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Apr 17 2009, 02:13 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(lklatmy @ Apr 17 2009, 02:01 PM) Haha,don't know why we always seem to be on a different wave length I agree on your points, there are more losses in trading than actual gain. That's why I don't trade much for short term or intraday, over long term, the chance you loss is higher than the chance you gain.I know what you mean and agree with your views, If you are the DG at LHDN,knowing jolly well that most people will lose money trading in shares,so overall there will be more taxpayers claiming for losses (OG files,not SG files)than being taxed on gains ,at the end,there will be less tax collected.In this situation,it may not be beneficial to insist on taxing trading gains as business profit then. Maybe that's why LHDN has been quite lax on this. Stock price remain the same level, but everyday there are volume and trade is going, which every trade need commission, stamp duty, surely someone need to pay for it. The more the volume without price movement (sometimes we see huge volume going like KNM, but price stagnant), the more losses in the market. The measure is too hassle to implement it. Auditing is a problematic matter which is another aspect that not easy to carry out. They only will implement something that can take in significant revenue (like GST previously proposed), or PCB. |
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Apr 17 2009, 02:16 PM
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All Stars
23,851 posts Joined: Dec 2006 |
QUOTE(cherroy @ Apr 17 2009, 02:13 PM) I agree on your points, there are more losses in trading than actual gain. That's why I don't trade much for short term or intraday, over long term, the chance you loss is higher than the chance you gain. Ya, it is not practical at all.Stock price remain the same level, but everyday there are volume and trade is going, which every trade need commission, stamp duty, surely someone need to pay for it. The more the volume without price movement (sometimes we see huge volume going like KNM, but price stagnant), the more losses in the market. The measure is too hassle to implement it. Auditing is a problematic matter which is another aspect that not easy to carry out. They only will implement something that can take in significant revenue (like GST previously proposed), or PCB. But there is under the provision. Just like car rear seat belts It is the duty of the taxpayers to keep good records. No excuse at all on this ground. Share trading could be a good tool to do money laund.............. ot too much. better stop here. This post has been edited by SKY 1809: Apr 17 2009, 02:26 PM |
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Apr 17 2009, 02:36 PM
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Senior Member
518 posts Joined: Jul 2008 |
hehehehehe time passesd people to be brave to step in a community , thats i why our ommunity cannot move individually ,
alsway depend people , what to do , follow and die hahahah . just saying only |
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Apr 17 2009, 02:39 PM
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Senior Member
8,510 posts Joined: Dec 2004 From: KayEL |
Guys, I think we should not report any gain/loss just for TAX rebate thingy.
After all, the gain is peanut (or??) and can pay off the tax. Why bother to fill documents/paperworks for saving couple of hundred, when it can "easily" made on speculative counters? Just an opinion. |
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Apr 17 2009, 02:42 PM
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Senior Member
7,176 posts Joined: Dec 2006 From: Kuching |
Just buy 63lot of Axreit today. Wanted to stop buying Axreit, but seems like other stocks all fly to sky jor. And if next week announcement shows good div, price can go higher some more...
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Apr 17 2009, 02:43 PM
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All Stars
23,851 posts Joined: Dec 2006 |
QUOTE(zamans98 @ Apr 17 2009, 02:39 PM) Guys, I think we should not report any gain/loss just for TAX rebate thingy. Soorry if i confused you.After all, the gain is peanut (or??) and can pay off the tax. Why bother to fill documents/paperworks for saving couple of hundred, when it can "easily" made on speculative counters? Just an opinion. You need not to report bcos you say it is Capital Gain, income tax would not come after you. None i know of. |
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Apr 17 2009, 02:48 PM
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Junior Member
8 posts Joined: Jun 2007 |
i just buy perwaja a few day ago at 0.76 now o.8plus
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Apr 17 2009, 02:53 PM
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All Stars
17,864 posts Joined: Jan 2005 |
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