What is income ?The Income Tax Act 1967 did not define what is “income”. However under section 4, income has been classified into the following categories:Section 4(a) - business income;Section 4(aa) - Capital Gains Tax (came into force 01.01.2024);Section 4(b) - employment income;Section 4(c) - dividend income; Section 4(d) - rental
Table of Contents 1I received a tax assessment by LHDN, what should i do?2Tax Appeal against LHDN tax assessment3The 30 days Rules of Appeal4Burden of Proof5Conclusion I received a tax assessment by LHDN, what should i do?This is the common concern from taxpayer; every time when they receive the tax
Table of Contents 1Income Tax Assessment by Tax Authority2The Leave stage of Judicial Review3The Substantive or Merit stage of Judicial Review4Conclusion Income Tax Assessment by Tax AuthorityUnder the self-assessment regime, it is the duty of the taxpayer in submitting income tax return, and any incorrect return of the income will
How a Director is still liable for Company unpaid Monthly Tax Deductions? Case Study 1 - Jayapalasingam Kandiah In the case of Jayapalasingam Kandiah v Kerajaan Malaysia (2022), High Court | 12.09.2022 The sole question is whether the payment of the defendant (director) income tax (taxpayer individual) has to be
Individual taxpayer sold Property for RM3 million get taxed even though applied for RPGT ExemptionIn 2020, our Client purchased a property located in Shah Alam (the “Property”) from a developer. Just four years later, in 2024, she sold the Property to a new buyer.Under Schedule 5 of the Real Property