BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ali has 4 children. 2 of them are studying in a local university. The other 2 are still schooling. Calculate his children tax relief.
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RM10, 000
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RM12, 000
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RM14, 000
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RM16, 000
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Explanation:
Detailed explanation-1: -Note: No deduction of any capital expenditure above Rs 10, 000 shall be allowed if it is incurred in cash. 100% of capital expenditure incurred for the purpose of business is allowed as deduction provided specified businesses commence operations on or after the prescribed dates.
Detailed explanation-2: -Answer» D. profit on sale of building.
There is 1 question to complete.