Search results
A Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board Malaysia.
A ruling is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board of Malaysia. It sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, and the policy and procedure that are to be applied.
1 Objective. This PR explains the tax treatment of income from the letting of real property which is treated as a - (a) business source under S4(a) and (b) rental source under S4(d). 2 Relevant Provisions of the Law. States the provisions of the ITA which are related to rental income. 3 Interpretation.
The objective of this Public Ruling (PR) is to explain the computation of total income and chargeable income of a resident individual who derives income from business, employment and other sources.
This Ruling considers: 1.1 the treatment of rent as a non-business source of income under section 4(d) of the Income Tax Act 1967 (the Act); 1.2 the situations or circumstances where rent or income from the letting of property can be treated as business income of a person under section 4(a) of the Act; and.
A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia. It sets out the interpretation of the Director General in respect of the
Section 138A of the Income Tax Act 1967 [ITA] provides that the Director General is empowered to make a Public Ruling in relation to the application of any provisions of the ITA. A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia.
2019 by Inland Revenue Board of Malaysia. All rights reserved on this Public Ruling are owned by the Inland Revenue Board of Malaysia. One print or electronic copy may be made for personal use. Professional firms and associations are permitted to use the Public Ruling for training purposes only.
Section 138A of the Income Tax Act 1967 [ITA] provides that the Director General of Inland Revenue is empowered to make a Public Ruling in relation to the application of any provisions of the ITA. A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia.
A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia. It sets out the interpretation of the Director General in respect of the particular tax law and the policy as well as the procedure applicable to it.
