Asked by t***@gmail.com
I take a new home loan (flexi loan) by re-finance. I deposit some money inside the flexi loan account. There is auto DR payment every month (eg RM1700). Interest (eg RM350) was calculated based on gap between loan outstanding amount minus deposit money. The rental of above property is RM1500/month. How should I declare rental income? Since monthly DR payment (RM1700) is more than monthly rental, I think it is not necessary to declare. Looking forwards for your clarification.
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