Xtra Sdn Bhd closed its accounts on 30 June. The company estimated its tax payable (CP 204) for the year of assessment 2019 to be RM360,000. The original estimate submitted to the IRB was subsequently revised (CP 204A) to RM465,000 in the 6th month after paid the 5th instalment. The deemed assessment (Return Form C) for YA 2019 filed with the IRB is RM750,000. The amount of revised estimate tax payable for the year of assessment 2018 was RM370,000.

Required:

a) State is the basis period for the year of assessment 2019.

(1 marks)

b) i) State the due that for submission of the Tax Return Form C for the year of assessment

2019.

(1 marks)

ii) What is the impact if Xtra Sdn Bhd submit its Tax Return Form C 2019 on 31 March

2020.

(1 marks)

c) When should the estimate of tax payable (CP 204) and revised estimate of tax payable (CP 204A) under section 107C of the ITA be filed for the year of assessment 2019?

(4 marks)

.

d) State the due date and the amount of the first instalment.

(2 marks)

e) How much the amount of instalment after Xtra Sdn Bhd revised the estimate tax payable?

(4 marks)

f) What is the minimum estimate tax payable (CP 204) for the year of assessment 2019?

(2 marks)

g) Compute the balance of tax payable (including penalty for the excessive of difference between estimated and actual tax payable) by Xtra to the IRB at the time of the submission of its tax return.

(5 marks)