SEMESTER 1, SESI 2023/2024

PAT3053

ZAKAT DAN PERANCANGAN CUKAI

GROUP A

INDIVIDUAL ASSIGNMENT

DISEDIAKAN UNTUK:

PROFESOR MADYA DR. HAZIANTI BINTI ABDUL HALIM

DISEDIAKAN OLEH:

NAMA NO MATRIK PROGRAM

AQIL AIMAN BIN ZAINUDDIN D20211101208 AE14

Individual Assignment-Partnership (QUESTION 1)
Tax Computation

RM RM
Profit before tax 227 600
Add: Non-allowable expenses
Depreciation on fixed asset 30 700
30 700
258 300
Add: Partnership’s private expenses
Partner salary 57 000
Partner’s interest on capital 18 750
75 750
Provisional adjusted income 334 050
Less: Partnership private expenses (75 750)
DIVISIBLE INCOME 258 300

The amount RM 258 300 divisible income above is only for one year.
Income Tax Computation on 30 June 2022
LOKE LAM
(RM) (RM)
Share of divisible income 2/5 3/5
Divisible income (258300x6/12)=129 150 51 660 77 490
Salary (2000X6) (2500X6)
=12 000 =15 000
Interest on capital 3 500 5 250
Adjusted income 67 160 97 740
(-)Capital allowance - -
STATUTORY INCOME 67 160 97 740

Income Tax Computation on 31 December 2022

LEONG LAM
(RM) (RM)
Share of divisible income 1/2 1/2
Divisible income (258300x6/12)=129 150 64 575 64 575
Salary (2500x6) (2500x6)
=15 000 =15 000
Interest on capital 5 000 5 000
Adjusted income 84 575 84 575
(-)Capital allowance (15 250) (15 250)
STATUTORY INCOME 69 325 69 325

LOKE LEONG LAM

(RM) (RM) (RM)
Statutory Income 67 160 69 325 (97740+69325)
= 167 065
QUESTION 2

Based on the given information, the partnership relationship implemented may cause doubt.
This is because they only verbally agreed. But it can be legal. This is because Mr. Siva has recruited 3
of his employees but only provides allowances and accommodation. So they cannot be labeled as
workers because they only receive allowances. Based on this, the partnership agreement that has
been made is likely to be valid and the 30% of the remaining profit that Mr. Siva has given to them
can be considered as shares.