1. Kerjasama Cooperative Society (KCS) was registered as a cooperative society on 1 January 2011 with members' fund of RM200,000. The following information has been extracted from the societys account.

As at beginning of the year:	2017	2018	2019	2020
Balances of members' fund (RM)	683,000	759,000	800,800	829,000
Year ended 31 December:	2017	2018	2019	2020
Audited net profit (RM)	345,000	520,800	610,600	688,800
Amount transferred to statutory	101,000	124,230	152,803	187,948
reserve (RM)
Amount transfer to a co-operative	56,000	58,240	60,570	61,781
educational fund (RM)
Capital allowance (RM)	95,000	132,000	165,800	216,000

Required:

1. Compute the chargeable income of KCS for the year of assessment 2017 till

2020. (12 marks)

2. Illustrate the special deduction for cooperative society under section 65A(a) Income Tax Act 1967 (amended).

(4 marks)

2. Dailys Confectionary Sdn. Bhd.is a manufacturer of taxable goods. The company sold taxable goods to the following places on 11 December 2020:

Retail Store in Indonesia

KK Mart in Penang

Assume that the sales tax rate is 5%.

Sales value

RM

150,000

95,000

Required:

1. Compute the amount of sales tax payable (if any) in respect of each of the above transaction.

(2 marks)

(ii) State when the sales tax is due for payment to the Royal Malaysian Customs

Department. (2 marks)

[Total: 20 marks]