Professional Documents
Culture Documents
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
tax payable
17% * 200000 34000 1
m
Question 3
RM
Deposit 60000 1
installment 100000
restricted to 100,000 100000 1
YA 2020
RM
Deposit 60,000
Installment (100,000 - 10,000) 90,000
Qualified Plant Expenditure (restricted) 150,000 100,000
(a)18 July 2016 because that is the date of aggreement between kamal and m 1
Acquisition Price
Consideration Paid 330000 0.5
Expenditure
Legal Fee's 12000 0.5
compensition -8000 0.5
insurance -2000 2000 332000 0.5
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
(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
(ii) the 30,000 wil be charge a 10% witholding tax under special class there it will be 3000
2
3