Question
En Shah, a Malaysian resident, furnished the following information for preparation of his return for the year of assessment 2018. i. Interest: a. Fixed deposit
En Shah, a Malaysian resident, furnished the following information for preparation of his return for the year of assessment 2018.
i. Interest:
a. Fixed deposit account with CIMB Bank for 9 months RM3,300.
b. Hong Kong Bank in Penang RM6,000 (remitted RM4,000 on 18.7.2018).
ii. Royalty received on 30.10.2018 from the publisher in respect of translation of books for a sum of RM18,600.
En Shah owns a house in Damansara and provided the following information:
Rental receipts: | RM |
January to April (RM900 monthly) | 3,600 |
May to June | Vacant |
August to December (RM1,200 per month) | 6,000 |
Expenses: | |
Assessment and quit rent | 680 |
Interest on loan | 2,800 |
Penalty for payment of quit rent | 35 |
En Shah’s wife, Pn Aminah is a housewife and owns a property in Ipoh (fully furnished):
RM | |
Rateable values | 8,420 |
Assessment and quit rent | 730 |
Interest on loan | 2,400 |
General repairs | 1,300 |
En Shah and his family occupy the house in Ipoh. His father owns a bungalow in Port Dickson. En Shah is allowed to occupy the property (evidence in writing) rent free. Rateable values of the property in Port Dickson (fully furnished) RM15,000 and he incurred the following expenditure:
RM | |
Assessment and quit rent | 810 |
Gardener | 4,800 |
Gate repair | 1,200 |
Interest on loan | 4,200 |
Required: Compute the aggregate income for En Shah and Pn Aminah for the year of assessment 2018.
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Aggregate Income for En Shahrul and Pn Faridah Royalty 18600 Rental income 9600 Fixed Deposit 3300 R...Get Instant Access to Expert-Tailored Solutions
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