INCOME TAX ACT 1967 (ACT 53)
PART IX - EXEMPTIONS, REMISSION AND OTHER RELIEF




Section 127. Exemptions from tax: general.




(1) Notwithstanding any other provision of this Act, but subject to section 127A any income specified in Part I of Schedule 6 shall, subject to this section, be exempt from tax.

[Subs. Act 337: s.15; Am. Act 608: s.18]

(2) The Dewan Rakyat may by resolution delete any paragraph or item in Schedule 6 or add further paragraphs or items thereto.

(3) The Minister may by statutory order-

(4) Any orders made under subsection (3) shall be laid before the Dewan Rakyat.

(5) Any income which is exempt from tax by virtue of this section shall be disregarded for the purposes of this Act:

Provided that-


[Am. Act 293: s.21]

[Am. Act 293: s.21]

(6) Nothing in this section shall be so construed as to exempt in the hands of a recipient any income in respect of dividend, interest, bonus, salary or wages paid wholly or in part out of income exempt from tax by virtue of this section, unless that first-mentioned income is itself so exempt.


Related reading:
[Act 293: s.21; Act 337: s.15; Act 608: s.18]


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