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Aakash quit from his employment as a senior accountant on 28 February 2022 at the age of 50 due to health nmblem He renorted the

image text in transcribedimage text in transcribed Aakash quit from his employment as a senior accountant on 28 February 2022 at the age of 50 due to health nmblem He renorted the followine receinte and exnencee throubhout th 2. Monthly salary of RM11,000. 3. Dividends Received RM22,500 net dividend from Fast Moon Ltd, a Singapore company, after deduction of 10% of withholding tax. However, only RM9,000 was remitted to Malaysia. 4. Interest 5% interest income from RM100,000 loan to his brother in-law. 5. Royalty RM Translating of book to use for tuition center. He paid RM1,000 for editing expenses and RM800 for a new printer. 13,000 6. Annuity from Syarikat Takaful Malaysia Keluarga Bhd. 15,000 Additional information: a. He purchased a shophouse in Langkawi on 1 January 2022 and first rented out the shophouse in February 2022 with lower rental amount from the amount stated in rental agreement. The shophouse is rented to Naulofa, which carries on a bridal Boutique, The Beauty Bridal. b. The condominium was purchased in 2020 for RM400,000 and was first rented out on 1 September 2021. The tenant has made payment of six (6) months rental for September 2021 until February 2022 upon signing the tenancy agreement on 1 September 2021. The condominium was later disposed in November 2022 for RM500,000 REQUIRED: Compute aggregate income of Aakash for year of assessment 2022. Please indicate 'NIL' for non-taxable income or non-allowable expenses. Aakash quit from his employment as a senior accountant on 28 February 2022 at the age of 50 due to health nmblem He renorted the followine receinte and exnencee throubhout th 2. Monthly salary of RM11,000. 3. Dividends Received RM22,500 net dividend from Fast Moon Ltd, a Singapore company, after deduction of 10% of withholding tax. However, only RM9,000 was remitted to Malaysia. 4. Interest 5% interest income from RM100,000 loan to his brother in-law. 5. Royalty RM Translating of book to use for tuition center. He paid RM1,000 for editing expenses and RM800 for a new printer. 13,000 6. Annuity from Syarikat Takaful Malaysia Keluarga Bhd. 15,000 Additional information: a. He purchased a shophouse in Langkawi on 1 January 2022 and first rented out the shophouse in February 2022 with lower rental amount from the amount stated in rental agreement. The shophouse is rented to Naulofa, which carries on a bridal Boutique, The Beauty Bridal. b. The condominium was purchased in 2020 for RM400,000 and was first rented out on 1 September 2021. The tenant has made payment of six (6) months rental for September 2021 until February 2022 upon signing the tenancy agreement on 1 September 2021. The condominium was later disposed in November 2022 for RM500,000 REQUIRED: Compute aggregate income of Aakash for year of assessment 2022. Please indicate 'NIL' for non-taxable income or non-allowable expenses

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