The principal activity of Easy Software Bhd is selling software. It maintains a website, which is hosted in a server located in Singapore, to facilitate the customers in choosing the products, answering queries, ordering online and making payments for the products purchased. All the business activities such as maintenance of the website, supplying of information for the website and procurement of the software are carried on in Malaysia. Required: Determine whether the income derived by the company is taxable under the Income Tax Act 1967 and the reasons for arriving at your answer.