Will LHDN Audit Me? Loan Not Settle

S-lim — Fri, 28 Jul 2017 16:12:23 +0800

Hi all sifu,

I am under employment & i am having a RM720k housing loan, recently my father has decided to transfer all his Fixed Deposit (around RM300k) to my loan for principle deduction in order to reduce the interest.

Q1: I heard people were saying if you settle your loan, LHDN will come and audit you. Is this true?

Q2: In this case i have not settle my loan, will LHDN still come and audit me?

Q3: As long as i can prove that the money is come from my father, i will be ok right? I am under an employment.

Q4: My father's income tax, he was a hawker and he has retired - 68yr old. He did declare tax for his business. However, the main portion of his money is come from gamble - Toto 200k, which he have NO document to prove it (didn't photocopy). So if i am to point LHDN to my father, i am just worry they will audit my father.

In order to avoid Q4, i wish all sifu here can advice me what to do.

Thanks in advance.

[WTB] Used 21.5" / 22" LCD Monitor with DVI

S-lim — Tue, 09 Jul 2013 13:06:06 +0800

Item(s): Any brand of used 21.5" / 22" LCD Monitor with DVI

Package includes: Monitor + Cable

Price: Offer Me

Warranty: 1 Week

Dealing method: COD

Location of seller: Kinrara, Puchong, Bukit Jalil, KLCC

Contact method/details: Pm

Age of item: -

---

Item(s) conditions: Must be good, no dead pixels

Picture: Please provide picture & model number

Reason for sale: For temporary use

Lowyat.NET: Latest topics by S-lim

Will LHDN Audit Me? Loan Not Settle

[WTB] Used 21.5" / 22" LCD Monitor with DVI