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Notes: 1. You are to assume that the income tax rate is 24% for all the years of assessments. 2. Unabsorbed capital allowance (promoted business)

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Notes: 1. You are to assume that the income tax rate is 24% for all the years of assessments. 2. Unabsorbed capital allowance (promoted business) and business losses from the year of assessment 2021 amounting to RM230,000 and RM200,000 respectively. Required: a) Compute the projected chargeable income and exempt account for the years of assessments 2022-2026, for pioneer status and investment tax allowance. Robotics Sdn Bhd ('RSB'), a tax resident company in Malaysia, was incorporated on 1 January 2015 and immediately commenced a business in manufacturing electronic household appliances (promoted product). It closes its annual accounts on 31 December. On 15 October 2021, the directors of RSB held a meeting discussing on RSB's direction and plans for 2022 onwards. They understand that RSB may be able to apply for pioneer status or investment tax allowance under Schedule 7A of the Income Tax Act, 1967. Mr James, the financial controller, provided the following projected figures for income and expenditure for the next five (5) years of assessment from YA 2022 as follows

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