Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

1 Simon received the following income in year 2022. For each type of income, state the relevant section under ITA 1967 and taxable amount (if

1 Simon received the following income in year 2022. For each type of income, state the relevant section under ITA 1967 and taxable amount (if any). i. Dividend from his shareholding in Naga Bhd amounted to RM36,000 ii. Interest from Syarikat Jaya Sdn Bhd for RM1,900 iii. Rental income from property in Kuala Lumpur for RM55,210 iv. Rental income from partnership business totaling to RM62,000 v. Commission received from his friend for RM5,000 vi. Compensation from insurance company, Great Eastern for RM120,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Work Policy Practice Changing Our Community Nation And The World

Authors: Jessica A Ritter

3rd Edition

179354087X, 9781793540874

More Books

Students explore these related Accounting questions