Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

taxtation question QUESTION 1 Fella Sdo Bhd which with a paid up capital of RM2.8 million is a manufacturing of sports of equipment under brand

image text in transcribed

image text in transcribed

taxtation question

QUESTION 1 Fella Sdo Bhd which with a paid up capital of RM2.8 million is a manufacturing of sports of equipment under brand name "Wira". The equipment is of export quality. The profit and loss account of the company for the year ended 30 June 2022 is as follows: Notes: 1. Interest Interest from excess funds deposited with an overseas bank was credited and remitted to Malaysia on 30 June 2022. 2. Dividends Dividends were received from the following: These shares were acquired during 2014 to 2022 as investments using the company's surplus cash. Dividend income from Bebe Pte Ltd was remitted to Malaysia during the financial year. 3. Rental . For the year of assessment 2022, the company is entitled to a capital allowance of RM414,000. Required: Determine the statutory income from business of Fella Sda Bhd for the YA 2022. QUESTION 1 Fella Sdo Bhd which with a paid up capital of RM2.8 million is a manufacturing of sports of equipment under brand name "Wira". The equipment is of export quality. The profit and loss account of the company for the year ended 30 June 2022 is as follows: Notes: 1. Interest Interest from excess funds deposited with an overseas bank was credited and remitted to Malaysia on 30 June 2022. 2. Dividends Dividends were received from the following: These shares were acquired during 2014 to 2022 as investments using the company's surplus cash. Dividend income from Bebe Pte Ltd was remitted to Malaysia during the financial year. 3. Rental . For the year of assessment 2022, the company is entitled to a capital allowance of RM414,000. Required: Determine the statutory income from business of Fella Sda Bhd for the YA 2022

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Primary Science Audit And Test

Authors: Jenny Byrne, Andri Christodoulou, John Sharp

4th Edition

1446282732, 978-1446282731

More Books

Students also viewed these Accounting questions

Question

Find the derivative of y= cos cos (x + 2x)

Answered: 1 week ago