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QUESTION 4 (CL04) Mr. Kumar operates two businesses in Labuan of which the accounts of both business activities ended on 31 May annually. The businesses
QUESTION 4 (CL04) Mr. Kumar operates two businesses in Labuan of which the accounts of both business activities ended on 31 May annually. The businesses carried out by Mr. Kumar consist of the following: Consultation firm Chargeable income YA 2019 (RM) 122,000 98,000 Leasing company Required: a. Explain the tax treatment of business operated in Labuan and compute the amount of tax payable on Mr. Kumar for the year of assessment 2019. (10 marks)
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