QUESTION 3 DesaPermai Sdn. Bhd. is an agriculture company located in Pahang with the financial year-end and has since maintained its paid-up ordinary share capital of RM2.1 million. Besides its agriculture activities, DesaPermai Bhd. runs a chain of minimarket in Selangor and Perak. DesaPermai Sdn. Bhd. had applied for investment tax allowance incentive under the Promotion of Investment Act 1986 for its agriculture business which qualifies as a promoted activity. The approval was received and took effect from 15 th April 2020. The following information has been extracted from records of DesaPErmai Sons Sdn. Bhd. The table below presents the qualifying capital expenditure incurred by DesaPermai Sdn. Bhd: Required: Determine the income tax payable and amount, if any, to be credited into exempt income account of DesaPermai Sdn Bhd. for the relevant Years of Assessments (YAs)