A241 REVISION QUIZ

The resident status of a company in Malaysia is determine based on the ________ features.

Net profit before tax is adjusted income of a company.

Taxable income which is not included in the computation of net profit must be _____ during the adjustment process.

Investment income is not a gross income from business source for a company.

Under Section 33(1), ‘wholly’ refers to the _____ of money spent while ‘exclusively’ refers to the _____ of spending.

Capital allowance is deducted from ____.

Non-allowable expense is stipulated under ______ of the Income Tax Act 1967.

The tax rates of a big company in Malaysia for YA 2024 is _____.

Exemption of income is a type of ____ by the government.

Tax liability is calculated based on the amount of _______.