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Unit Trust, Investment Holding Company (IHC), DIR = passive source, gain…

- - - - mgr remuneration ( x trustee fee/remun)
      - maintenance of reg of unit hoders
      - share reg expenditure
      - secreterial audit (Exclude tax fee), acctg etc (exclude travelling)
  - - - 10% of QE ( incurred on P+M ie airconds/lifts)
        
        ded against adj Y , cannot c/f UNABSORBED
        
        a) alteration cost / alt cost +p&m <= 75%
        
        b) site prep / site prep + p&m <= 10%
- - - - Govt - bond/savings certificates
      - sukuk
      - debentures or convertible loan stock approved - para 35b
      - interest from bank
- - - - no ded allowed if x prod inc
      - if direct exp+common exp > gross Y , ded restricted to gross Y
      - excess exp is disregarded
      - x c/f/ absorbed
    - - ca > adj inc , excess CA cannot c/f
    - - allowable exp + common exp > gross Y , - excess is CYBL set off against agg Y, excess c/f to set off ASIB until fully utilised, excess CA c/f to set off against adj inc