INCOME TAX ACT 1967 (ACT 53)
PART III - ASCERTAINMENT OF CHARGEABLE INCOME
Chapter 3- Gross income




Section 30. Special provisions applicable to gross income from a business.




(1) Where a deduction has been made under subsection 34(2) in ascertaining the adjusted income of the relevant person from a business for the basis period for a year of assessment, that basis period being prior to the relevant period, then-

(2) Where during the relevant period any sum is refunded to the relevant person-

the sum refunded shall be treated as gross income of his from the business derived from Malaysia for the relevant period.

(3) Where during the relevant period-

the amount of the excess shall be treated as gross income of the relevant person from the business for the relevant period.

(4) Where-
[Am. Act A226:s.14]

the amount released shall be treated as gross income of the relevant person from that business for the relevant period.


Related reading:
[Act A226:s.14]


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