9.1.1.E. Sample list of Information needed for Individual Tax Computation

Information needed for Individual Tax Computation:-

A.   income related:-

1.    Business Income -  if you have setting up your business (sole proprioter ) kindly provide me your complete set of account which they are:-

                                      i.        Trading, profit & loss account (income statement) – from 1 Jan to 31 Dec for the relevant year

                                     ii.        Balance Sheet (statement of financial position) – As at 31 Dec for the relevant year.

                                    iii.        Trial balance

                                   iv.        General Ledger (soft copy in excel format are preferable)

2.    Partnership income  – Form CP 30 or

                                      i.        Trading, profit & loss account (income statement) – from 1 Jan to 31 Dec for the relevant year

                                     ii.        Balance Sheet (statement of financial position) – As at 31 Dec for the relevant year.

                                    iii.        Trial balance

                                   iv.        General Ledger (soft copy in excel format are preferable)

3.    Employment income – attach Form EA/EC 

4.    Rental income :-  

a.     Particular of the property (e.g.property address, type of property,name of tenant)

b.     Gross rental received for the year   

c.     Deductible expenses:-  

-        Quit rent  

-        Assessment  

-        Fire insurance   

-        Bank loan interest (attach bank statement)  

-        Agent commission (attach receipt)  

-        Repair and maintenance (attach receipt)  

-        Others (please specify) 

5.    Commission – CP58 from relevant issuance or your statement of profit calculation

6.    Other income – attach relevant income statement

B.   Relief to claim:-

Example but not limited to:-

a.    Medical treatment, special needs and carer expenses for parents (certified by medical practitioner)

b.    Education fees (self): 

i.    other than a degree at Masters or Doctorate level - for acquiring law, accounting, Islamic financing, technical, vocational,industrial, scientific or technological skills or qualifications

ii.     degree at  Masters or Doctorate level - for acquiring any skill or qualification

c.    Complete medical examination for self, spouse or child (restricted to 500)

d.    Purchase of books/magazines/journals/similar publications (except newspapers and banned reading materials) for self, spouse or child

e.    Purchase of personal computer for individual (deduction allowed once in every 3 years)

f.     Purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997

g.    Husband/Wife/Payment of alimony to former wife – Kindly provide wife details (name, address, income status)

h.    Child (Name, age, education level)

i.      Insurance premium paid – Life insurance (limited to RM6,000 together with EPF, Education and medical insurance (limited to RM3,000)