TUTORIAL 8: ESTATE UNDER ADMINISTRATION Please refer to the following information for question 1 and 2. Mr Prakesh passed away on 13 March 2019, and his brother, Mr Rashmonu, is the executor as per his will. Mr Prakesh derived income from two businesses, dividend from investment Malaysia Corp (single tier), interest from a loan to a friend, and rental income as follow: Source of income RM Statutory income business 1212,000 Statutory loss business 21 Dividend income Interest Income Rental income 11,000 3,000 2,000 18.000 Mr Prakesh donated RM3,500 to an approved fund. Question 1 According to Mr Prakesh's will, he specified an annuity of RM72,000 to be paid to his widow, and RM20,000 to his son for his education. Required: (a) Determine the tax treatment towards Mr Prakesh's income for year of assessment 2021. (b) Calculate the taxable income of Mr Prakesh for year of assessment 2021. Question 2 According to Mr Prakesh's will, he specified an annuity of RM72,000 to be paid to his widow, and the executor decided to make a distribution of RM20,000 on 1 November 2019 to Mr Prakesh's son for his education. Required: (a) Explain on Rashmonu's responsibility towards Mr. Prakesh's income. (b) Calculate the taxable income of Mr Prakesh for year of assessment 2021.