Targetmax Sdn Bhd trades kitchen appliances in Johor Bharu. The company closes its accounts on 31 October annually. The estimated tax payable submitted via Form CP204 for the year assessment 2020 was RM480,000. Required: a. Identify the due date and amount to be paid by Targetmax Sdn Bhd
Targetmax Sdn Bhd trades kitchen appliances in Johor Bharu. The company closes its accounts on 31 October annually. The estimated tax payable submitted via Form CP204 for the year assessment 2020 was RM480,000. Required: a. Identify the due date and amount to be paid by Targetmax Sdn Bhd
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 10P
Related questions
Question
Targetmax Sdn Bhd trades kitchen appliances in Johor Bharu. The company closes its accounts on 31 October annually. The estimated tax payable submitted via Form CP204 for the year assessment 2020 was RM480,000. Required: a. Identify the due date and amount to be paid by Targetmax Sdn Bhd for the submission of its first monthly tax instalment for the year of assessment 2020. b. Discuss briefly the procedure to revise the estimated tax payable for Targetmax Sdn Bhd
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT