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Talk to an Expert| Category | Assignment | Subject | Accounting |
|---|---|---|---|
| University | Universiti Teknologi MARA (UiTM) | Module Title | TAX267 Taxation 1 |
| Course | Taxation 1 |
| Course Code | Tax267 |
| Semester | March 2026 – July 2026 |
Taxation 1 is a basic taxation course that covers all aspects of personal taxation, business taxation and tax administration for individual taxpayers. Group project is an assignment designed to enhance students’ understanding towards the preparation of individual’s tax return.
To display critical thinking competency in computing individual tax liability in compliance with relevant statutory and regulatory requirements.
Instructions To Candidates:
1. This is a group project and students are required to form a group of 4 – 5 persons.
2. This pack consists of:
i. a set of group project question;
ii. Form e-B 2025 and Form e-BE 2025;
iii. a three-page Appendix 1;
iv. an assessment form; and
v. a group project rubric.
3. Submit your handwritten report and video infographic no later than July 9, 2026 (Thursday), at 5 m. Free rider/s is/are not entitled for any marks.
Encik Isma is the owner of Indah Bumi Enterprise (IBE), makes up its accounts annually to 31 December. IBE manufactures and supplies agricultural inputs for the Malaysian market. The following is the Statement of Profit or Loss for the financial year ended 31 December 2025:
Indah Bumi Enterprise Statement of Profit or Loss for the year ended 31 December 2025
| Notes | RM | RM | |
| Sales | 3,100,000 | ||
| Less: Cost of Sales | 1 | (1,950,000) | |
| Gross profit | 1,150,000 | ||
| Add: Other income | 2 | 92,600 | |
| 1,242,600 | |||
| Less: Operating expenses | |||
| Advertising | 3 | 36,000 | |
| Water and electricity | 40,500 | ||
| Professional fees | 4 | 16,000 | |
| Remunerations | 5 | 440,000 | |
| Depreciation | 50,400 | ||
| Entertainment | 6 | 20,000 | |
| Fees and donations | 7 | 35,000 | |
| Bad debts | 8 | 16,400 | |
| Lease rental | 9 | 19,200 | |
| Insurance premiums | 10 | 23,000 | |
| Cash losses due to theft and embezzlement | 11 | 9,400 | (705,900) |
| Net profit | 536,700 |
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Hire Malaysia HelperNotes:
1. Cost of sales includes provision of stock obsolescence of RM35,000 and damaged stock written off RM12,000.
2. Other income consists of:
| RM | |
| Dividend from unquoted investment (single-tier) | 22,000 |
| Rental of SkyVista Condominium | 60,000 |
| Gain from disposal of machine | 10,600 |
| 92,600 |
3. Advertising cost of RM5,000 for placing advertisement in magazine was not recorded.
4. Professional fees consist of:
| RM | |
| Legal fees on recovery of loan from ex-employee | 4,200 |
| Penalty due to late payment of taxes | 4,000 |
| Secretarial fees | 4,000 |
| Tax filing fees | 3,800 |
| 16,000 |
5. Remunerations consist of:
| Salary (RM) | Bonus (RM) | EPF (RM) | |
| Encik Isma – owner | 84,000 | 8,000 | 18,000 |
| Normal employees | 240,000 | 20,000 | 27,000 |
| Disabled employee | 36,000 | 2,000 | 5,000 |
| 360,000 | 30,000 | 50,000 |
6. Entertainment consists of:
| RM | |
| Diaries (2025) with business logo given to existing customers | 10,000 |
| Annual dinner for employees | 10,000 |
| 20,000 |
7. Fees and donations consist of:
| RM | |
| Subscription fees to trade association | 2,000 |
| Donation of fertilizer to urban farmers community | 15,000 |
| Cash donation to Malaysian Diabetes Association (approved) | 18,000 |
| 35,000 |
8. Bad debts consist of:
| RM | |
| Trade debts written off | 10,400 |
| Increase in specific provision | 4,000 |
| Increase in general provision | 2,000 |
| 16,400 |
9. Lease rental
A brand-new Toyota Camry costing RM189,900 was leased from Car Mart Sdn Bhd since January 2023 for RM1,600 per month and this car is not for commercial purposes.
10. Insurance premiums consist of:
| RM | |
| Fire insurance premium for the business premise | 5,000 |
| Life insurance policy of Encik Isma’s family | 8,000 |
| Medical insurance policy of the employees | 10,000 |
| 23,000 |
11. This is an amount embezzled by an employee and a police report has been lodged.
The unabsorbed capital allowance from year assessment 2024 was RM13,400. Meanwhile, balancing charge for current year assessment 2025 was RM9,800, whilst the capital allowance for the current year assessment 2025 is to be claimed based on the information provided as follow:
i. Due to the expansion of its business, on 10 January 2024, the business purchased a new building for RM1,100,000. The business used 7/8 of the built-up areas as a factory and the balance is used as an office.
ii. On 12 February 2024, the business acquired a lorry (which was licensed for commercial vehicle) under hire purchase for business purpose. The cash price was RM147,600. The business traded its old non-commercial vehicle for RM36,000 and agreed to pay a monthly installment of RM3,500 for 36 months commencing on 28 March 2025.
iii. In June 2025, the business rented an adjacent building with a monthly rental of RM4,000 per month to be used as a storage of goods for export. The business also incurred RM55,000 to renovate the building.
iv. On 8 July 2025, the business purchased a computer costing RM3,200. The computer was completely damaged by lightning and the business decided to dispose the computer on 20 December 2025. The Inland Revenue Board of Malaysia (IRBM) accepted the reason for the disposal.
Additional information:
The following details relate to Encik Isma’s other income:
i. Dividend income RM22,550 from Amanah Saham Bumiputera (ASB).
ii. Interest income RM2,300 on fixed deposit with AmBank Berhad.
iii. Rental income and expenditure from a house at Scientex Durian Tunggal, Melaka throughout the year 2025:
| RM | |
| Monthly rental
Cost of installation CCTV Annual quit rent and assessment Repairs and maintenance |
1,500
1,300 600 1,800 |
Encik Isma married with his first wife Puan Ainon since 1 January 2001. Currently, Puan Ainon working as Digital Manager (Southern Area) at Telekom Malaysia Berhad (TMB) based at Melaka. Details of income and benefit enjoyed by Puan Ainon for the year assessment 2025 were as follows:
i. Monthly net salary of RM25,200 after deducting EPF at the rate of 11% and RM1,000 under the Schedular Tax Deduction (STD) and monthly zakat payment RM500.
ii. Bonus equivalent to one month salary was received on 31 October 2025.
iii. Entertainment allowance of RM3,000 per month.
iv. Travelling allowance of RM900 per month for official duties.
v. Childcare allowance of RM200 per month.
vi. A car with the cost price RM140,000 with a driver was provided since July 2024.
vii. In the year 2025, she incurred RM9,600 on travelling expenses while performing her official duties.
Besides employment income, Puan Ainon also obtained the following income for the year of assessment 2025:
i. Interest income of RM3,800 received from saving in fixed deposit at Public Bank Berhad.
ii. She received RM22,000 as royalty on publication of e-book on digital marketing strategy.
iii. She received honorarium RM3,500 for series of talks webinar on digital marketing.
iv. She also received a rental income from her terrace house at Johor Bahru. Below is the information relating to the house which was rented out starting on 1 October 2025:
| RM | |
| Monthly rent
2-month refundable deposit (received on 1 October 2025) Fire insurance (per annum) Annual quit rent and assessment |
1,200
2,400 1,000 600 |
Encik Isma and Puan Ainon are blessing with five (5) children as follows:
Note: Puan Ainon elected to claim child reliefs on Aida Mursyida while the remainder will be claimed by Encik Isma.
Meanwhile, on 11 November 2025, Encik Isma married with his second wife Puan Salbiah, a widow with no children. The marriage was approached and arranged by his first wife Puan Ainon due to personal reasons. Upon the marriage, Encik Isma purchased a new house valued at RM230,000 under Puan Salbiah’s name. The Sales and Purchase Agreement (SPA) was signed and effectively due for installment payment on 20 December 2025. The house is financed by bank loan with the interest charge RM450 per month. Encik Isma also installed compose machine at the new house with the cost RM2,000.
In addition, Puan Ainon presented Puan Salbiah with an electric vehicle eMAS-5, as well as a charging port to be installed in the new home. For the time being throughout the year 2025, Puan Salbiah was not working as she was taking care of her mother who suffer stroke. Her exhusband paid her RM500 in alimony each month until December 2025.
The following are expenses incurred by Encik Isma, Puan Ainon and Puan Salbiah for the year assessment 2025:
| Encik Isma (RM) |
Puan Ainon (RM) |
Puan Salbiah (RM) |
|
| Medical and education insurance: Irfan Aida Mursyida Ainul |
3,000
3,000 |
4,800 |
|
| Parental care and medical expenses for Puan Ainon’s mother | 7,000 | ||
| Purchase of a wheelchair for Puan Ainon’s mother who was paralysed and disabled | 2,800 | ||
| Life insurance premium – self | 3,200 | 2,700 | |
| Complete medical examination for Aida Mursyida | 1,500 | ||
| Aida Mursyida’s special medical treatment expenses due to serious disease | 12,000 | ||
| Net deposit in SSPN children | 9,000 | 7,000 | |
| Wi-Fi subscription at home and internet data | 2,400 | 1,200 | 600 |
| Purchase of iPad for Aina Aisyah | 2,800 | ||
| SOCSO | 600 | 500 | |
| Purchase of sport equipment – traditional bow and arrow set for Irfan | 650 | ||
| Fee archery tournament for Irfan | 200 | ||
| Childcare fees (Arif Murni Kindergarten) | 6,000 | ||
| Installing electric vehicle charging port at home | 2,200 | ||
| Zakat to Pusat Zakat Melaka | 8,000 | ||
| Contribution to Majlis Perbandaran Hang Tuah Jaya | 6,200 | ||
| In-kind donation to Rumah Anak Yatim Permai (approved) | 9,000 |
| Full name | Isma bin Zakaria | Ainon binti Salleh | Salbiah binti Ahmad |
| I/C no. | 731013-03-5378 | 800512-04-2339 | 800728-01-4333 |
| Tax reference no. | SG 011358477876 | OG 011358477877 | OG 01135847878 |
| H/p no. | 011-2347584 | 012-3578989 | 011-43347464 |
| Bank account no. | Maybank Berhad 0123456789103 | CIMB 012457323331 | BIMB 486730843221 |
| Email address | isma73@gmail.com | nonis33@gmail.com | biah433@gmail.com |
| Name of business | Indah Bumi Enterprise | – | – |
| Home address | No,8 Jalan Kedidi 4, 76100 Durian Tunggal, Melaka |
No,8 Jalan Kedidi 4, 76100 Durian Tunggal, Melaka |
No. 22 Jalan CP2, Taman Cempaka Perdana, 78200 Merlimau, Melaka |
| Type of business | Agro-based products | – | – |
| Business premise | No.18 Bandar Baru Durian Tunggal Permai, 76100 Melaka |
– | – |
| Premise email | IBE73@gmail.com | – | – |
| Employer name | – | TMB | – |
| Position | – | Digital Manager | – |
| Employer ref. no. | – | EA 7458912673 | – |
Required:
a. Compute the capital allowance of IBE for all the relevant years of assessment up to the year assessment 2025.
(10 marks)
b. Calculate the statutory business income of IBE for the year of assessment 2025. Indicate ‘NIL’ for items that do not require any adjustment.
(20 marks)
c. Compute the total income of Encik Isma, Puan Ainon and Puan Salbiah for the year of assessment 2025. Round off your answers to the nearest RM.
(10 marks)
d. Encik Isma and his wives, Puan Ainon and Puan Salbiah, are Malaysian tax residents for the basis year 2025. For the year of assessment 2025, Puan Salbiah elected for joint assessment under her husband’s name, while Puan Ainon choose to be assessed separately. Compute the income tax payable / (tax refund) in respect of Encik Isma and Puan Ainon for the YA 2025. Round off your answers to the nearest RM.
(20 marks)
e. Complete the following sections of the 2025 Form e-B and e-BE in respect of Encik Isma and Puan Ainon:
i. Basic Particulars
ii. Type of Assessment
iii. Spouse Information
iv. Statutory Income and Total Income
v. Reliefs
vi. Tax Payable
vii. Individual Financial Information (Main business only)
(20 marks)
(Total: 80 marks)
Notes: Show all necessary workings and round off your answers to the nearest RM.
Encik Muniandy is a resident individual taxpayer in Malaysia who works as a freelance software consultant (classified as a sole proprietorship business). He submitted his Form B for the YA 2024 on time. In his tax return, he claimed a deduction of RM40,000 for “business traveling and entertainment expenses”.
On 15 December 2025, the IRBM raised a Notice of Additional Assessment (Form JA) for YA 2024 against Encik Muniandy. The tax auditor disallowed the entire RM40,000 deduction because Encik Muniandy failed to provide any valid invoices, logbooks, or business receipts to substantiate the claim. Encik Muniandy strongly disagrees with the IRBM’s decision, claiming the officer was “too strict”.
To make matters worse, the audit also revealed that Encik Muniandy had completely hidden an offshore consultancy fee of RM30,000 that he received in a foreign bank account, falsely believing that the IRBM would never find out about it.
Required:
Design an infographic video on the above scenario related to Encik Muniandy, by providing the information below:
a. Determine the legal course of action available to Encik Muniandy if he wishes to dispute the Notice of Additional Assessment (Form JA) issued on 15 December 2025 (State the specific form he must use, the statutory deadline for submission, and to whom the appeal should be addressed under the Income Tax Act 1967).
(4 marks)
b. Assume Encik Muniandy misses the official deadline to file his appeal due to being hospitalized. Identify the legal avenue available under the Income Tax Act 1967 that allows him to apply for an extension of time to file his appeal.
(2 marks)
c. Analyse the legal implications of Encik Muniandy deliberately hiding the RM30,000 consultancy fee in an offshore account.
(4 marks)
(Total: 20 marks)
(Total: 100 Marks)
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