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Refer to Income Tax Act ITA 1967 Malaysia , a tax known as income tax is charged upon the income of any person for each
Refer to Income Tax Act ITA 1967 Malaysia, a tax known as income tax is charged upon the income of any person for each year of assessment.
Required:
a) Tax payable is requirement for the law, it is also a civic duty. By using relevant judgement, discuss reason for the statement.
b) A person does not have to worry about paying taxes until they have job. However, such person is already paying taxes though sales and service tax. How true is this statement?
c) Define chargeable income in Malaysia and list all the type of income starting from gross income
d) Identify characteristics of income in Malaysia
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