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Please give an answer to both chargeable income and the income tax payable

in respect of Pretty Sdn. Bhd for the year of assessment 2020 ( CORRECT )

As soon as possible.

Pretty Sdn. Bhd., a company with a paid-up capital of RM2.6 million has been carrying on a garment-manufacturing business for the past 5 years. The Statement of Profit or Loss for the business for the year ended 31 December 2020 is as follows: Note RM'000 RM'000 Sales 9,000 Less: Cost of sales 1 (2,000) Gross Profit 7,000 Add: Other incomes 2 300 7,300 Less: Expenses Depreciation 40 Employees' benefits 3 30 Loss on sale of company van Miscellaneous expenses 5 70 Selling and marketing 70 Payroll expenses 1,000 Professional fees 6 365 Allowance for doubtful debts 7 50 Repairs and maintenance 8 150 (1,783) Net profit before tax 5,517 8 Notes: 1. Allowance for obsolescence inventory amounting to RM38,000 was included in the cost of sales. 2. Other incomes include an amount of RM100,000 from a rented property located at Sydney, Australia that was received in Malaysia during the year 2020. RM 3. Employees' benefits: Entertainment allowances Leave passage for long service workers to Bangkok, Thailand 16,000 14,000 30,000 4. A company van was sold during the year at a loss of RM8,000. The balancing allowance from this sale is RM2,000. RM 5. Miscellaneous expenses: Factory cleaning Donation to Kiwanis Club (non-approved institution) 50,000 20,000 70,000 RM 6. Professional fees: Secretarial fees Taxation fees Fines due to traffic offences Legal fees to apply loan for the factory Subscription to trade association - entrance fees - annual fees Surveyor and architect fees for factory extension 90,000 60,000 20,000 80,000 10,000 5,000 100,000 365,000 RM 7. Allowance for doubtful debts: Specific allowance (trade) General allowance (trade) 30,000 20,000 50,000 RM 8. Repair and maintenance: Installation of communication system to the new factory extension Rebuilding of a retaining wall Repainting of factory 30,000 100,000 20,000 150,000 RM 10. Capital allowances for the year of assessment 2020 200,000 Required: Compute the chargeable income and the income tax payable in respect of Pretty Sdn. Bhd. for the year of assessment 2020