Big Sdn Bhd acquired a shophouse in Kampar in November 2016 for RM700,000. Stamp duty incurred on the shophouse amounted to RM9,000. The company obtained a bank loan to finance the acquisition and incurred interest expense of RM31,000. In October 2020, the company disposed of the shophouse for RM1,100,000. What is the chargeable gain for the disposal of the shophouse for real property gains tax (RPGT) purposes? Choose one answer. RM 400,000 RM 360,000 RM 369,000 RM 391,000 Grand Sdn Bhd disposed of a shophouse in March 2019 for RM900,000. The building was acquired in April 2000 for RM550,000 and the company incurred RM27,000 on legal fees. In July 2019, the ground floor of the building was flooded due to a burst pipe and the company received RM85,000 as compensation for damages. What is the acquisition price of the building for the purposes of real property gains tax (RPGT)? Choose one answer. RM 492,000 RM 550,000 RM 577,000 RM 662,000 RM Galaxy Sdn Bhd has obtained a bank loan in January 2020. The monthly loan balances and investments financed by the loan are as follows: Loan Month balances Investments ending RM January 2,000,000 500,000 February 1,500,000 750,000 March 1,200,000 900,000 April 800,000 1,200,000 May 600,000 1,200,000 June 1,200,000 July 1,200,000 August 2,000,000 800,000 September 2,000,000 800,000 October 1,600,000 600,000 November 1,600,000 600,000 December 2,000,000 600,000 The loan interest expense incurred for 2020 is RM95,000. What is the portion of interest expense that is restricted under section 33(2) of the ITA? Choose one answer RM 58,800 RM 51,360 RM 42,800 RM 70,560 Global Sdn Bhd has obtained a bank loan in January 2020. The monthly loan balances and investments financed by the loan are as follows: Loan Month balances Investments ending RM January 600,000 300,000 February 600,000 300,000 March 600,000 300,000 April 600,000 300,000 RM Tulip Sdn Bhd (Tulip) closes its accounts on 31 December every year. In December 2019 the company obtained an overdraft facility of RM600,000 from a bank for use in its floral business. Tulip also had investments as at 31 December 2020 as follows: Investment in Shares Investment in Properties RM150,000 RM 300,000 The company claimed interest expense of RM60,000 in its P&L account for YA2020. Dividends and rental income for the year amounted to RM5,000 and RM65,000 respectively. In addition to the interest expense, Tulip also incurred fire insurance and quit rent of RM2,500 and RM1,800 respectively. What is the statutory rental income for the year of assessment 2020? Choose one answer. RM 30,700 RM 700 RM 60,700 RM 35,000