Revamped OpenTuition site - visit and explore new features

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OpenTuition.com is more social
We have updated the site with new and exciting features!

Forums and Groups are now merged into one!
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Every group can have their own documents!
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Course notes

All course notes are now available, now you can download them from the main site! Here are updated links!

Paper F1, Paper F2, Paper F3, Paper F4, Paper F5, Paper F6, Paper F7, Paper F8, Paper F9, Paper P1, Paper P2, Paper P3, Paper P4, Paper P5, Paper P7

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Beware the property trap, Chong tells owners

Sometime it is not easy to be a landlord when you are facing this situation. Perhaps these could eliminate some of the risks:

• Interview your potential tenant thoroughly.
• Use application form, useful for background checking.
• Have a proper and clear tenancy agreement which mutually agreed.
• Accept only those who ever able to pay 2-3 months deposit.
• Befriend your tenant.
• Express your expectation.
• Ensure that your 8-10 months rental can cover 1 year installment.

Anything else.. please add! But I think if you want to impose all these, your properties should be attractive enough to lure all the potential tenant to rent yours.

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Tips on how to file your income tax and claim exemptions

By Dr Choong Kwan Fatt @ The Star Online/Tax File


EVERY employee when filing the tax return (Form BE) for year of assessment (YA) 2009 on April 30 has to understand the concept of income exemption, deduction and relief in order to maximise the tax benefits available under the Income Tax Act 1967 prior to paying the legally required amount of income tax.

Income Exemption: Generally, any amount paid by the employer to the employee in relation to having or exercising an employment will be taxed. This refers to employment income such as salary, bonus, gratuity, commission, allowance, director fees and many other forms of remunerations as stated in section 13(1) of the Act.

The Government, however, would from time to time legislate through the Act or gazette order (PU(A) Orders) on the category of income paid by the employer where tax exemption will be granted. This means that such income will be excluded from the income tax computation.

In short, the phrase “income exemption” refers to employment income that is excluded from taxability.

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