Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following scenario relates to the next five (5) questions Monta Sdn Bhd carried on trading business since year 2015. Details of its catering business
The following scenario relates to the next five (5) questions Monta Sdn Bhd carried on trading business since year 2015. Details of its catering business for the year ended 31st December 2020 are: Adjusted income Capital allowances RM 29,500 3,500 Monta Sdn Bhd owns one office buildings which was rented out during the year 2020. Comprehensive maintenance service was provided by the company and total payment made for maintenance service on the office building amounted to RM600 during the year. The receipts and payments in respect of the buildings for the period 1st January 2020 to 31st December 2020 was as follows: RM RM Office buildings at Shah Alam Receipts: Rental for October to December Rent deposit (refundable) 3,000 2,000 5,000 Payments: Annual fire insurance Penalty on polluted the environment Agent's fee 1,100 5,800 1,000 (7,900). (2,900) Note: Rental of office buildings at Shah Alam is at RM1,000 per month and approved donation of RM3,500 paid during the year. 2 points What is the total chargeable income of Monta Sdn Bhd in its tax computation for the year of assessment 2020? RM26,300 RM23,670 RM25,670 RM29,300 2 points What is the amount of the approved donation claimed by Monta Sdn Bhd in its tax computation for the year of assessment 2020? RM2,690 RM2,600 RM3,500 RM2,630
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started