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Emerald SDN BHD

Emerald Sdn Bhd received various sources of income in Section 4(C) and 4(D) including dividend, interest, royalty, and rental income totaling RM223,000. They incurred expenses against these incomes of RM77,000, resulting in an adjusted income of RM173,000. After accounting for permitted expenses and donations, the tax payable was calculated to be RM49,646.44 at a 24% tax rate. The document also provides details of the calculations for permitted expenses.

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Brenda Tan
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41 views3 pages

Emerald SDN BHD

Emerald Sdn Bhd received various sources of income in Section 4(C) and 4(D) including dividend, interest, royalty, and rental income totaling RM223,000. They incurred expenses against these incomes of RM77,000, resulting in an adjusted income of RM173,000. After accounting for permitted expenses and donations, the tax payable was calculated to be RM49,646.44 at a 24% tax rate. The document also provides details of the calculations for permitted expenses.

Uploaded by

Brenda Tan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Emerald Sdn Bhd

Section 4 (C) Dividend income - RM RM RM Permitted expenses:


- isb Exempted -
- Foreign Exempted -
-
Section 4 (C) Interest income - 30,000.00 -
-
Less: Expenses -
- Interest incurred (35,000.00) -
Adjusted income - -
-
Section 4 (D) - Royalty income 50,000.00 -
-
Section 4 (D) - Rental income 250,000.00 -
-
Less: Expenses
Interest incurred 24,000.00
- Assessment 20,000.00
- Repair and maintenance 33,000.00 (77,000.00) -
173,000.00 -
223,000.00 -
Less : Function of permitted expenses

AX(B/4C) = 108,500X330,000(4x621,000) -
= 14,414 -
-
OR

5% of B = 0.05 of 330,000
=16500

Whichever is the LOWER (14,414.00)


Approved donation (10,000.00)
10% of AI (223,000)
198,586.00
Tax payable @ 24% 49646.44
Permitted expenses: RM
Director remuneration 30,000.00
Employee salary 20,000.00
Accoutning fee and secretarialo fee 10,000.00
Audit fee 5,000.00
Printing and stationeray 2,500.00
Food -
Management fee 1,000.00
Rental and maintenance fee ( for office 40,000.00
Entertainment -
Interest incurred on share acquired -
Interest incurred on deposit placed -
Find management expenses ( on Share -
Depreciation -
108,500.00 A

Royalty 50,000.00
Interest 30,000.00
Rent 250,000.00
330,000.00 B

Dividend (Malaysia ) 80000


Dividend ( Foreign ) 125000
Gain from realisation of investment 86000
621,000.00 C

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