Income Tax Reliefs etc Q6

Q.
a) With reference to the Income Tax Act 1967, explain the following:

i. Chargeable Income
ii. Capital Allowance (6 marks)

b) State two (2) conditions that need to be fulfilled by Malaysian Residents in order to pay income tax for the year of assessment 2018. (5 marks)

c) State eight (8) reliefs that can be claimed for the year of assessment 2018. (8 marks)

d) Explain the income tax rates for firms/corporations for the year of assessment 2018. (6 marks)

(25 marks, 2019 Q6)

A.

Ref:

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