Mr . Kuhanesh resigned from Yizong Sdn . Bhd . On 3 1 January 2 0 2
Question:
Mr Kuhanesh resigned from Yizong Sdn Bhd On January He received the following on
January :
RM
Salary for January
Bonus for Received in
Thereafter, he became a partner of an eventorganising business. For the year of assessment his share of the partnership profit was RM whilst his share of the partnerships capital allowance was RM
During the year ended December Mr Kuhanesh acquired a shop and the followings are the
record of rental income and expenses:
RM
Rental received
Mortgage interest
Quit rent and assessment
Purchase of a new fridge
Net rental profit
Other information relating to the year ended December is as follows:
RM
Net dividend from a Malaysia company
Interest from RHB bank saving account
A new i phone X
Personal medical insurance premium
Contribution to EPF and SOCSO RM
Approved donation
Required:
Compute Mr Kuhanesh's Chargeable income and income tax payable for the year of assessmentTotal marks
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill