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MUHAMMAD AIMAN BIN MOHD AZRI

ID 20050142
QUESTION 1
Sec 4(a)

Seen
QUESTION 2
RM RM
Profit before tax 20000
Adjustment
epair and maintanence 0
rental of premises 0
entertaintment 59000
statutory audit fee 0 0.5
foreign exchange loss 30000
donation 34000
loss on disposal shares 90000 0.5
depreciation 80000 0.5
interest receive -200000 0.5
general provision 40000 73000 0.5
Adjustment bussiness income 93000 0.5

balancing change 0
93000
minus CA
Capital allowance -90000 0.5
unabsorbed b/f losses -60000 1
net statutory bussiness income 0

plus Other income


sec 4©
interest received 200000 1
aggregate income 200000 0.5
minus approved donation
donation 0
total chargeble income 200000

tax payable
17% * 200000 34000 1
m
Question 3

computation for industrial building allowance for year assessment 2020


RM
cost of factory land 0 0.5
legal fee's on acquiring factory land 0 0.5
office building 0
cost of construction and buildings 525000 0.5
proffesional fees 15000 0.5
QBE 540000 0.5

computation for capital allowance for passanger vehicle

RM
Deposit 60000 1
installment 100000
restricted to 100,000 100000 1

IA 20% -20,000 0.5


AA 20% -20,000 0.5
RE 60,000 0.5

capital allowance 70%


40,000 X 70% = 28,000 1
7
NKVE Sdn. Bhd.
YA 2020

Cost of factory land 0


legal fees 0
Office Buildings 60,000
cost of costruction and fittings 525,000
Professional fees for design 15,000
Total building Cost 600,000

Qualifiying building expenditure 600,000

IA 10% (10% X 600,000) -60000


AA 3% (3% X 600,000) -18000
522,000

Compute the capital allowances for the passenger vehicle a

YA 2020
RM
Deposit 60,000
Installment (100,000 - 10,000) 90,000
Qualified Plant Expenditure (restricted) 150,000 100,000

Qualified Plant Expenditure 100,000


IA 20% (20% X 100,000) -20000
AA 20% (20% X 100,000) -20000
Residual Expenses 60,000

Capital Allowance 70%


40,000 X 70% = 28000
QUESTION 4

(a)18 July 2016 because that is the date of aggreement between kamal and m 1

(b) computation for real property gain


RM RM RM
Disposal Price
Consideration received 680,000 0.5
disposal expenditure
agent commision -5180 1
tax agent -300 1
legal fee's -9000 -14480 665,520

Acquisition Price
Consideration Paid 330000 0.5
Expenditure
Legal Fee's 12000 0.5
compensition -8000 0.5
insurance -2000 2000 332000 0.5

Gain on disposal 333,520

minus
Greater of 10% of gain on disposal 0.5
10% X 333,520 -33352 0.5
300,168
Minus
Real Property Gain Tax loss -2168 1
298,000
Real property gain tax payable = 15% X 298000 = 44700 1
8.5

Holding period:
Date of acquisition *18 July 2016
Date of disposal *10 Aug 2020
Disposal in 5th year
Question 5

computation of sales taxpayable


RM
purchase price 200,000 0.5
insurance 5,000 0.5
freight charges 9,000 0.5
import duty 25% X 200,000 50,000
264,000

sales tax 10%x 264000 26,400

taxable period is from 1/1/2020 - 28/2/2020 1


The due date is by one month which is 31/3/2020 1
3.5
Question 6

(a) 30 July 2020 1

(b) 10% on unpaid tax payable balance 1

(c) Form B latest by 30 July 0.5

(d) Deduct a certain portion of the employee gross payable and remit to irb by 15th of the following month (15th November)

(e) No because she did not receive her estimated tax payable
1
3.5
ng month (15th November)
Question 7

computation for the partnership income

Haikal Ali Daniel


RM RM RM
Devisable income 50000 37500 12500 2

Partner Salary 12000 9000 3000 1.5


adjusted bussiness income 62000 46500 15500

Capital Allowance -14000 0 -14000 1.5


statutory bussiness income 48000 46500 1500
5
Question 8
(i) No witholding tax being charge because purchase of non current asset 1

(ii) the 30,000 wil be charge a 10% witholding tax under special class there it will be 3000
2
3

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