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Topic 6 - Coggle Diagram
Topic 6
Pension, annuities and periodical payment
Annuities
Amount received is exempted
Periodical payment
Chargable to tax
Pension
Paid by a former employer to a retired employee
Interest
Obtainable Interest
Main company giving loan to subsidiary company
Subsidiary companies giving loan to other subsidiary companies
Giving loan to friends and relatives
Exempted Interest
Interest Received by Commercial Bank
Interest Received by Islamic Bank
Rental
Allowable Expense
Repair and maintenance
Fire insurance premium
Quit rent and assessment
Management fees
Interest expense
Rental Income
Dividend
Single-tier Dividend
Exempted under paragraph 12B Schedule 6 of ITA 1967
Bonus share
Not dividend income in the hands of shareholders
Royalty
List of Paragraphs of Exempted Royalty Income
Paragraph 32
RM10,000 exempted for any artistic work.
Paragraph 32E
Full exemption for the moderation of franchised education programmes in higher education insituttions
Paragraph 32B
RM 20,000 exempted for publication of literary works.
Paragraph 32C
Full Exemption for participation or performance in cultural performances approve by the Minister
Paragraph 32A
* RM 12,000 exempted for transaction of books or literary work requested by Ministry of education.
Paragraph 32D
Rm 20,000 exempted for any musical composition