4 Yee Oli Sdn. Bhd. is a Malaysian tax resident operating its high-tech equipment manufacturing business in Shah Alam, Selangor. It produces two products, i.e. Part X55 and Part Y77. Since its incorporation in the year 2015, the company has been closing its financial year to 30 September annually. With effect from 1 October 2019, the company has been granted the investment tax allowance incentive under the Promotion of Investment Act 1986 for its Part Y77, which is a promoted product. The table below presents the recent financial information as provided by the company's accountant. In the beginning of both financial years, its paid-up capital remained at RM2.55 million while its gross income from all business sources had not been more than RM5 million in total. SMF/NDM 6/12 BAC3644 Financial Year Product X55 Adjusted income Capital allowances TAXATION 2 Continued... 09 JUNE 2022 2020 2021 (RM) (RM) (4,000) 105,000 36,000 34,000 BAC3644 Financial Year Product X55 Adjusted income Capital allowances Balancing charge TAXATION 2 Business loss yet to be utilised from YA2019 09 JUNE 2022 2020 2021 (RM) (RM) (4,000) 105,000 36,000 34,000 2,100 1,700 Product Y77 Adjusted income Capital allowances Investment tax allowance for current year Investment tax allowance brought forward 179,000 321,000 76,000 83,000 173,800 234,800 4,600 Other income Dividend income from Robotyca (Singapore) Ltd. (not 1,750 2,180 remitted to Malaysia) Rental income derived from an industrial warehouse in 39,600 44,400 Kepong, Selangor Interest income from fixed deposit account in RHB Bank, Shah Alam branch. 12,980 13,060 Required: Compute the income tax payable and amount to be credited into exempt income account of Yee Oli Sdn. Bhd. for the relevant Years of Assessment (YAS) 2020 and 2021. Determine, if any, investment tax allowance that is unutilised in each of the relevant YAs. (20 marks)