Ah Chong is the managing director of pawn shop in Seremban, Golden Pawn88 Trading. His shop impose 3% of interest per month for every principal amount of pawn service. Discuss Whether the interests is taxable as per Income Tax Act? Kindly provide your authority (cases or/and section).

Answer rating: 100% (QA)

In Malaysia interest income derived from pawn services provided by pawnshops like Golden Pawn88 Trad... View the full answer