Taxation

1) Raju Sdn Bhd, with an authorized share capital of RM2.2 million, incurred RM200,000 incorporation costs on 3 March 2020. Raju Sdn Bhd commenced business on 1 April 2021 and prepared its first set of accounts to 30 June 2022 and to that date for subsequent years. On 1 September 2023, the company decided to change its accounting year end to 31 March 2024.

Required: State the basis periods for Raju Sdn Bhds business for the relevant years of assessment.

(7 marks)