Luna Sdn Bhd, a resident company with a share capital of RM2 million and closed its account 31 March each year. Luna business commencement 1 June 2017. The details sources of income as below: Sources of income 2018 2019 (i) Business Beauty center Adjusted income 35,000 330,000 Capital Allowance 21,000 24,000 Donation 5,000 20,000 (ii) Business: trading Adjusted income (20,000) 50,000 5,000 10,000 Capital Allowance (iii) Rental source: (only for YA 2019) First property *** ignore capital allowance if applicable Luna has 3 units shop lot in PJ town and rents out to LM Bhd on 1 April 2019. Luna was making an advertisement on 15th December 2018 and indicated the availability to move on 1st January 2019, after the renovation. The building management will provide basi cleaning services (lobby) for all units. Luna provides a special discount to LM Bhd for 2 years in advance. Rental receivable Insurance RM65,400 (RM1,200 per unit for 24 months 2019 & 2020) RM 4,000 Management fees RM 2,700 Repair Second property RM 22,000 (include 8 units of air-conditioner RM7,000) ignore capital allowance if applicable A bungalow rent to UCSI students available for letting on 1st February 2019 and makes an advertisement in speed rent on 15th January 2019. The property letting on 1st April 2019. Under the rental agreement, the monthly rental is RM42,000 (RM3,500x12months) with actively providing maintenance and support services. Other expenses of this property as below: Insurance expenses Interest expenses Kitchen cabinet RM 1,500 RM 15,600 RM 12,500 A bungalow rent to UCSI students available for letting on 1st February 2019 and makes an advertisement in speed rent on 15th January 2019. The property letting on 1st April 2019. Under the rental agreement, the monthly rental is RM42,000 (RM3,500x12months) with actively providing maintenance and support services. Other expenses of this property as below: Insurance expenses RM 1,500 Interest expenses RM 15,600 Kitchen cabinet RM 12,500 Required: (a) List the basis period for 2018 to 2019. (b) Based on the rental source of property for YA2018 and 2019, (2 marks) (i) Explain and identify the letting properties under Section 4(a) and Section 4(d) Income Tax Act (ITA) 1967. (ii) Determine the commencement date of the letting of properties. (6 marks) (2 marks) (c) Determine the tax liability for YA2018 and YA2019 for Luna Sdn Bhd. (15 marks) [Total: 25 Marks]