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Accounting Wonderland

Monday, October 4, 2010. S113 (2) Income Tax Penalty. S113 (2) of Income Tax 1967 has been under the limelight of SME Malaysia with the introduction of tax audit with effect from 2001. Inland Revenue Malaysia (IRB) has been imposing penalty under S113 (2) on taxpayers whom under declaring their tax liabilities. S113 (2) reads as follow:. A) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return on behalf of himself or another person; or.

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Accounting Wonderland | choocb.blogspot.com Reviews
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Monday, October 4, 2010. S113 (2) Income Tax Penalty. S113 (2) of Income Tax 1967 has been under the limelight of SME Malaysia with the introduction of tax audit with effect from 2001. Inland Revenue Malaysia (IRB) has been imposing penalty under S113 (2) on taxpayers whom under declaring their tax liabilities. S113 (2) reads as follow:. A) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return on behalf of himself or another person; or.
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1 accounting wonderland
2 1 introduction
3 where a person
4 a discretionary provision
5 3 conclusion
6 posted by
7 labels rpgt
8 strike off
9 winding up
10 professional indemnity insurance
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Accounting Wonderland | choocb.blogspot.com Reviews

https://choocb.blogspot.com

Monday, October 4, 2010. S113 (2) Income Tax Penalty. S113 (2) of Income Tax 1967 has been under the limelight of SME Malaysia with the introduction of tax audit with effect from 2001. Inland Revenue Malaysia (IRB) has been imposing penalty under S113 (2) on taxpayers whom under declaring their tax liabilities. S113 (2) reads as follow:. A) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return on behalf of himself or another person; or.

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1

Accounting Wonderland: Budget 2010 - Personal Relief

http://choocb.blogspot.com/2009/10/budget-2010-personal-relief.html

Saturday, October 24, 2009. Budget 2010 - Personal Relief. The Budget 2010 announced on 23 October 2009 proposes for increment of personal relief from RM8,000 to RM9,000 is a welcome measure as the Malaysian are facing a difficult time following the economic downturn in 2008. However, I would think that the increment is insufficient as compare with the increase of the cost of living. An increment of RM1,000 per annum. I think the personal relief should be higher ranging from RM10,000 to RM12,000 per annum.

2

Accounting Wonderland: May 2009

http://choocb.blogspot.com/2009_05_01_archive.html

Sunday, May 17, 2009. Tax Planning on Family Members. We notice there are a lot of businessman who are wrongly advised on the concept of tax planning on family members. There are a lot of cases in which businessman tend to include the family members i.e. wife, children, parents or relative members in the company payroll as a method to reduce the company tax. 1967 to disallow the deduction of payroll costs. Consequently, a tax penalty will be imposed for under declaration of company profit. Cash basis acc...

3

Accounting Wonderland: June 2009

http://choocb.blogspot.com/2009_06_01_archive.html

Tuesday, June 30, 2009. Company Expenses Without Invoices or Official Receipts. It is common for a company in Malaysia to pay expenses without having the suppliers' invoices or official receipts i.e. commission, sub contractor wages (they do not own a company), part timers as sales promoter or book keepers and etc. In view of the self assessment regime implemented in Malaysia, is there any potential tax audit risk and penalty in relation to those payments without suppliers' invoices or official receipts?

4

Accounting Wonderland: Real Property Gains Tax Exemption

http://choocb.blogspot.com/2009/12/real-property-gains-tax-exemption.html

Thursday, December 31, 2009. Real Property Gains Tax Exemption. This exemption is applicable on gains from all types of real property including shares in real property companies disposed by all categories of property owners who are individuals (citizens, permanent residents, noncitizens and non-permanent residents of Malaysia), companies as well as other property owners. Choo Associates, Chartered Accountants. Choo and Associates, Chartered Accountants. Choo and Associates, Chartered Accountants.

5

Accounting Wonderland: Closure, Strike Off or Winding Up of a Sdn. Bhd.

http://choocb.blogspot.com/2009/10/closure-strike-off-or-winding-up-of-sdn.html

Friday, October 16, 2009. Closure, Strike Off or Winding Up of a Sdn. Bhd. If we would like to close a Sdn. Bhd., we need to segregate the company into two (2) categories, solvent and insolvent companies. Solvent companies are those company having positive shareholders' fund (Share capital retained profits) or in layman terms, company make money before and have enough money/reserve to refund to the shareholders. We refer to the guidelines issued by SSM, insolvent companies which are dormant or ceased ope...

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clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: MBA Sem 1 Result

http://clmc83.blogspot.com/2012/11/mba-sem-1-result.html

Wednesday, November 21, 2012. MBA Sem 1 Result. Thank God I got 2A and 1A-! HRM and IT and E-commerce I scored A, then I got A- for Strategic Management. Happy enough for the outcome, effort are all paid off. Now, entering into 2nd semester with 3 subjects as well. Accounting and Finance for Managers ( I must score A for this subject, because is my qualification background). Marketing Management and Technology. Technology and Operation Management. Hope everything will going on smoothly in this sem.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: September 2011

http://clmc83.blogspot.com/2011_09_01_archive.html

Tuesday, September 27, 2011. Links to this post. Wednesday, September 21, 2011. One and Only by Adele. You've been on my mind, I grow fonder every day. Lose myself in time just thinking of your face. God only knows why it's taken me so long to let my doubts go. You're the only one that I want. I don't know why I'm scared, I've been here before. Every feeling, every word, I've imagined it all. You'll never know if you never try. To forget your past and simply be mine. So come on and give me a chance.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: October 2011

http://clmc83.blogspot.com/2011_10_01_archive.html

Tuesday, October 25, 2011. I was waiting for MBA intake from University Technical of Malaysia - UTEM. I enrolled last year and the administration explained that my application is currently in KIV due to I not yet gained my one year working experience from my graduation. They did not consider my working experiences prior to my graduation. Well, what to do.have to wait lor. If possible, I will be offered for this coming November's intake. I choose UTEM for it's fee is the cheapest among all.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: September 2012

http://clmc83.blogspot.com/2012_09_01_archive.html

Friday, September 14, 2012. Today just completed my slides for presentation written report on Success / Failure of McDonald. Now start to revise audit notes provided by Pn Anna. Links to this post. Just ended with my mid term exam.Another 4 assignments 1 MIA QE Audit exam to go. 20/9 - Audit exam (morning) Presentation of Success / Failure of McDonald (evening). 24/9 - Presentation of Honda case study. 15/10 - Presentation of Apple Strategic Management. I must make it.must make it! Links to this post.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: July 2012

http://clmc83.blogspot.com/2012_07_01_archive.html

Tuesday, July 24, 2012. Just visited the new opening at Ong Kim Wee road.bought a 16GB pendrive at promotional price of MYR 22. And saw this Sensonic PC set with built in CPU. Looks geng in white colour. Impulsively wanna buy leh. But, I already have a PC and 2 notebook. Links to this post. Thursday, July 19, 2012. Chasing with these dramas. 1 Witness Insecurity 護花危情. Main Casts : Linda Chung and Bosco Wong. 2 Drop Dead Diva, Season 4. Main Cast : Brooke Elliott. 3 Waiting for Vampire Diaries Season 4.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: December 2011

http://clmc83.blogspot.com/2011_12_01_archive.html

Saturday, December 24, 2011. 2011 Christmas What did I do? It's being a long time I never blog. Being occupied with works, baking, housekeeping, finding a nice curtains. At the end, I choose custom made for my curtains and it cost me MYR 308 with sewing cost. 2 sets of 3 panel windows. 1 set of 2 panel windows. I think is reasonable la. And I felt quite irritated on my living room.the more I clean up, it seem the more mess up. I wonder why I got so many things need to be tidy up. Links to this post.

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: My 3rd sem @ MBA

http://clmc83.blogspot.com/2013/06/my-3rd-sem-mba.html

Thursday, June 20, 2013. My 3rd sem @ MBA. It's being really busy lately. So fast my 3rd sem comes to the end. I am so happy that one of my blog reader is actually also my classmate.=). Our group photo for Technopreneurship Class. Next week would be my final exam. Hope I could maintain my CGPA 3.73. But I have lesser confident in Managerial Economic, worry this subject might affected my overall CGPA. Never mind, I must study hard. Therefore, if I Must then I CAN! Subscribe to: Post Comments (Atom).

clmc83.blogspot.com clmc83.blogspot.com

~ Welcome Back ~: February 2012

http://clmc83.blogspot.com/2012_02_01_archive.html

Monday, February 6, 2012. 孔明燈 Sky Lantern [CNY 2012 - Day 1]. Woahhh.I was so excited! First in my lifetime I ever lighted the Sky Lantern. Chinese called it Kongming Tanglung 孔明燈. My brother in law bought from JB and we all make a lot of wishes prior the event. Wish for a good health, promotion, stay pretty, getting rich.hahahaha.alots (sound greedy yea.). We lighted up quite a lot, 12 sky lanterns I think. Source from http:/ en.wikipedia.org/wiki/Kongming lantern. According to Wikipedia Sky lanterns.

endo2endo.blogspot.com endo2endo.blogspot.com

Ŧђΐs ﺁ$ عŊδớ! (`ε(#`): This is ENDO! (`ε(#`)

http://endo2endo.blogspot.com/2009/07/this-is-endo.html

Thursday, July 23, 2009. Hmm, my name is ENDO, ENDO.i live in MARAYSIA, a place wt 黄种人,葡萄味,小娘惹,马人,"妈地"(MATHI)友族, "杰夫理"原族. we are diffren skin, but we eat the same fud evryday BECOZ we r MARASIAN. Thuis my second blog in this vry page, 2DAY is 24 th. 1 day from my big sis bday), kind a miss my 1st blog haha ". Established since D E. It tells wateva in my mind during university life, i thk its time to move on to. MARASIAN fud can b. ENJOY! July 24, 2009 at 11:42 AM. Subscribe to: Post Comments (Atom).

endo2endo.blogspot.com endo2endo.blogspot.com

Ŧђΐs ﺁ$ عŊδớ! (`ε(#`): Nando's @ chinatown

http://endo2endo.blogspot.com/2009/08/nandos-chinatown.html

Wednesday, August 5, 2009. I was brided. They gave me free fud, i feel like its bcome a duty to write sumthg bout them,. Haha Nando's is celebrating 11th BIRD. In Malaysia, rewarding customers with the gift of really really good chicken! No difficulty findind chinatown Nando's, just take star lrt to plaza rakyat station and walk along the walkway (straight) till u c a hotel and Nando's on ur left (about 7 mins walk frm the lrt exit). Is known for its p e. Haha psychological dependence eh! Peri-peri chick...

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Accounting Wonderland

Monday, October 4, 2010. S113 (2) Income Tax Penalty. S113 (2) of Income Tax 1967 has been under the limelight of SME Malaysia with the introduction of tax audit with effect from 2001. Inland Revenue Malaysia (IRB) has been imposing penalty under S113 (2) on taxpayers whom under declaring their tax liabilities. S113 (2) reads as follow:. A) makes an incorrect return by omitting or understating any income of which he is required by this Act to make a return on behalf of himself or another person; or.

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