2.. TAX 667 Test 2 solution - 6 June 2020 SS.docx -...

This preview shows page 1 - 3 out of 8 pages.

CONFIDENTIAL 1 JUNE 2020/TAX667/TEST 2 COMMON TEST 2 COURSE : ADVANCED TAXATION COURSE CODE : TAX 667 EXAMINATION : 6 JUNE 2020 TIME : 1 HOUR AND 30 MINUTES INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) questions. 2. Answer ALL questions. Start each answer on a new page. 3. Do not refer to any material via electronic or non-electronic devices during the test. 4. Please check to make sure that this examination pack consists of : i. The Question Paper ii. Appendix This examination paper consists of 5 printed pages © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
QUESTION 1Part AAnswer ALL the questions below:1.Withholding tax of 10% are deducted against the amount distributed to resident 2.The REIT company is exempted if it distributes more than 90% of its total income to its 3.Interest income earned by REIT from the following are exempted except for 4. In a REIT company, adjusted loss is derived from the difference between rental incomeand allowable loss (False) √ 5. The consultancy fee incurred to apply from Securities Commission to register a REITCompany is a deductible expenses (True) √ Part B Answer ALL the questions below:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture