After my last tenant broke the contract and defaulted on his room deposit, I was worried about the income tax reporting. That's because I have already stamped the tenancy agreement at LHDN, and I was afraid that LHDN will use it to trace the rental income. I searched for answers on the web on how to cancel the agreement.
I found websites which explained that rental income tax depends on our tax filing, not on the tenancy agreement stamping. So the tenancy agreement is breached and the rental is terminated, I should just report the income as what it really is, no need to cancel the agreement at LHDN.
Do you have any experience with this and would you have any advice for me?