REQUIRED: 1. Assuming that Section 61(2) is to be applied, for the year of assessment 2022, compute
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Question:
REQUIRED:
1. Assuming that Section 61(2) is to be applied, for the year of assessment 2022, compute the following:
I. The income tax payable by the trust body.
II. The chargeable income of Farha and Amir (assuming that they do not have other sources of income except from the trust).
Note: Calculate the answers to the nearest ringgit. (13 MARKS)
2. Briefly explain the benefit of applying Section 61(2). (2 MARKS)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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