Tutorial 2 Question 4 - ITA

Year 1 2 3 4 5
(in thousands) RM RM RM RM RM
Adjusted income 500 5,490 7,505 13,200 QCE for ITA
Less: CA (500) (5,490) (2,159) (2,370) Land
Statutory income (100%) - - 5,346 10,830 Plant & Machiner
Statutory income (70%) 3,742 7,581 Factory Construc
Less: ITA (3,742) (7,058) Total
Bal: - - - 523 ITA 60%
Stat Y (30%)/ Agg Y BIZ sources) 1,604 3,249
Unabsorbed business loss (535) ITA b/f
Add: Rental income 1,000 1,000 1,000 1,000 1,000 (+) CY
Aggregate income ALL source) 1,000 1,000 1,000 2,069 4,772 (-) Utilised
CY business loss (1,000) c/f
Approved donation (100) (200) (477)
Exempt income account b/f
Total/ Chargeable income (all - 900 1,000 1,869 4,295 (+) CY
c/f
CA b/f 2,430 4,140 69 -
(+) CY 2,430 2,210 1,419 2,090 2,370 Business loss b/f
(-) Utilised - (500) (5,490) (2,159) (2,370) (+) CY
c/f 2,430 4,140 69 - - (-) Utilised
c/f
 RM 5,400.00
RM 3,000.00
RM 1,200.00
RM 1,200.00
Total:
RM 10,800.00
 1 2 3 4 5
RM RM RM RM RM

-
6,000 3,000 2,000 2,000
3,000 2,000
9,000 5,000 2,000 2,000 -
5,400 3,000 1,200 1,200

5,400 8,400 9,600 7,058

5,400 3,000 1,200 1,200
(3,742) (7,058)
5,400 8,400 9,600 7,058 -

pt income account b/f 3,742

3,742 7,058
3,742 10,800

ess loss b/f 535 535 535

1,535 - -
(1,000) - - (535)
535 535 535 -
Tutorial 2 Question 5 - ITA

Year 3 4 5 6 3
(in thousands) RM RM RM RM RM
Adjusted income 5,490 7,505 13,200 15,000 QCE for ITA
Less: CA (5,490) (2,159) (2,370) (5,000) Land
Statutory income (100%) - 5,346 10,830 10,000 Plant & Machiner 2,000
Statutory income (100%) 5,346 10,830 10,000 Factory Construc
Less: ITA (5,346) (10,830) (1,824) Total 2,000
Stat Y (0%)/ Agg Y (BIZ sources) - - - 8,176 ITA 100% 2,000
Unabsorbed business loss (535)
Add: Rental income 1,000 1,000 1,000 1,000 ITA b/f 14,000
Aggregate income ALL source) 1,000 1,000 1,000 8,641 (+) CY 2,000
CY business loss (-) Utilised -
Approved donation (200) (477) c/f 16,000

Total/ Chargeable income (all 1,000 800 523 8,641 Exempt income account b/f
(+) CY
CA b/f 4,140 69 - - c/f
(+) CY 1,419 2,090 2,370 5,000
(-) Utilised (5,490) (2,159) (2,370) (5,000) Business loss b/f 535
c/f 69 - - - (+) CY -
(-) Utilised -
c/f 535
 RM 5,400.00
RM 3,000.00
RM 1,200.00
RM 1,200.00
Total:
RM 10,800.00
 4 5
RM RM

2,000

2,000 -
2,000

16,000 12,654 1,824

2,000
(5,346) (10,830) (1,824)
12,654 1,824 -

account b/f 5,346 16,176

5,346 10,830 1,824
5,346 16,176 18,000

535 535 535

-
- (535)
535 535 -
Year 1 2 3 4 5
(in thousands) RM RM RM RM RM
Adjusted income 500 5,490 7,505 13,200
Less: CA (500) (5,490) (2,159) (2,370) Exempt income account b/f
Statutory income (100%) - - 5,346 10,830 (+) CY
Statutory income (100%) 5,346 10,830 (-) Unabsorbed PS
Statutory income (0%) - - c/f

Add: Rental income 1,000 1,000 1,000 1,000 1,000 Pioneer loss b/f
Aggregate income ALL source 1,000 1,000 1,000 1,000 1,000 (+) CY
CY business loss - (-) Utilised
Approved donation (100) (200) (477) c/f
Deemed total income (0%) - -
Total/ Chargeable income (all 1,000 900 1,000 800 523

CA b/f 2,430 4,140 69 -

(+) CY 2,430 2,210 1,419 2,090 2,370
(-) Utilised - (500) (5,490) (2,159) (2,370)
c/f 2,430 4,140 69 - -

RM 5,400.00
RM 3,000.00
RM 1,200.00
RM 1,200.00
RM 10,800.00
Total:
 1 2 3 4 5
RM RM RM RM RM

pt income account b/f 3,811

5,346 10,830
absorbed PS (1,535)
3,811 14,641

1,535 1,535 1,535 -

1,535 - - -
- - - 1,535
1,535 1,535 1,535 - -
Tutorial 2 Question 4 - ITA

Year 1 2 3 4 5
(in thousands) RM RM RM RM RM
Adjusted income 500 5,490 7,505 13,200 QCE for ITA
Less: CA (500) (5,490) (2,159) (2,370) Land
Statutory income (100%) - - 5,346 10,830 Plant & Machiner
Statutory income (70%) 3,742 7,581 Factory Construc
Less: ITA (3,742) (7,058) Total
Bal: - - - 523 ITA 60%
Stat Y (30%)/ Agg Y BIZ sources) 1,604 3,249
Unabsorbed business loss (535) ITA b/f
Add: Rental income 1,000 1,000 1,000 1,000 1,000 (+) CY
Aggregate income ALL source) 1,000 1,000 1,000 2,069 4,772 (-) Utilised
CY business loss (1,000) c/f
Approved donation (100) (200) (477)
Exempt income account b/f
Total/ Chargeable income (all - 900 1,000 1,869 4,295 (+) CY
c/f
CA b/f 2,430 4,140 69 -
(+) CY 2,430 2,210 1,419 2,090 2,370 Business loss b/f
(-) Utilised - (500) (5,490) (2,159) (2,370) (+) CY
c/f 2,430 4,140 69 - - (-) Utilised
c/f
 RM 5,400.00
RM 3,000.00
RM 1,200.00
RM 1,200.00
Total:
RM 10,800.00
 1 2 3 4 5
RM RM RM RM RM

-
6,000 3,000 2,000 2,000
3,000 2,000
9,000 5,000 2,000 2,000 -
5,400 3,000 1,200 1,200

5,400 8,400 9,600 7,058

5,400 3,000 1,200 1,200
(3,742) (7,058)
5,400 8,400 9,600 7,058 -

pt income account b/f 3,742

3,742 7,058
3,742 10,800

ess loss b/f 535 535 535

1,535 - -
(1,000) - - (535)
535 535 535 -