Income Tax Act

Question 1

1. Section 5 of the Income Tax Act 1967 describes the ascertainment of chargeable income.
Describe the steps that are used to ascertain the chargeable income of a taxpayer.  [8 marks]
2. Identify and briefly explain any FOUR (4) expenses which are disallowable Section 39 of the Income Tax Act 1967.  [8 marks]
3. A payer, who pays interest to a non-resident, is required to withhold 15% of the gross interest and remit the amount withheld to Inland Revenue Board Malaysia within one month from the date of payment or crediting the amount to the non-resident.
Explain under the Income Tax Act 1967 instances whereby interest income is deemed to be derived from a Malaysian source.  [8 marks]

Question 2


IDEAPintar is a renowned IT consultancy firm in Malaysia. Recently, a local bank has approach IDEAPintar to assist them in planning a detailed network management functions (fault, configuration, accounting, performance and security). As a network consultant in IDEAPintar, you are given this task. Prepare a detail proposal on all the network management activities for this local bank under the five management functions.

[Total : 60 marks]

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