1. a- Discuss partnership under Income Tax Act (1967). b- If you were to form a partnership, what type of partnership would you go for? Comment and elaborate? 2. Based on the Malaysian Institute of Accountants (MIA), discuss 5 types and eligibility of double deduction? 3. Discuss the following: (a) Dodo Sdn Bhd is a retailing business company. It constructed a warehouse adjacent to its supermarket building. Can the company claim the warehouse as an industrial building? (b) Shine Bright Sdn Bhd is a company manufacturing silver plated products. The company owns a factory in Section 20 Shah Alam. In March 2001, the company rented a building near the factory at a monthly rental of RM25,000 for the purpose of carrying an approved industrial training. The company incurred RM230,000 to renovate the building and the renovation was approved by the Shah Alam authority. Discuss whether the renovation cost qualifies for industrial building allowance. (c) Dana Sdn Bhd incurred the following expenditure to construct a factory: RM 260,000 20,000 Cost of land Legal fees and stamp duty (RM6,000 relates to acquisition of land) Architect's fee Cost of approving plan Cost of demolishing house Construction cost (materials, labour and overheads) Road and car park within the factory complex Wiring and plumbing 26,000 10,000 70,000 2,000,000 60,000 70,000 Determine the qualifying building expenditure for the factory