Cekap Perkasa Bhd is an investment holding company (IHC) listed on the Bursa Malaysia since year 2016. For the year of assessment 2020, the gross income received and expenses incurred are as follows:

Source of income	Gross income (RM)	Direct expenses (RM)
Interest	250,000	200,000
Management fees	80,000	30,000
Total gross income	330,000
Common expenses	70,000

Required:

Determine the total income of Cekap Perkasa Bhd for the year of assessment 2020.