Answer (Taxation in Business Income Malaysia) Ms. Gula Sweety is a part time lecturer. To...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Answer (Taxation in Business Income Malaysia)
Ms. Gula Sweety is a part time lecturer. To fill her time, Ms Gula has taken up a hobby of furniture painting. Soon she has many painted furniture in her house. Some of her friends who visited her house wanted to buy the painted furniture. Ms Gula initially did not want to sell the furniture but eventually sold off the furniture as she was running out of space in her house. In total, Ms Gula sold off 4 units of furniture with the profit of RM4,000.
Advise Ms Gula on whether she needs to declare these sales as business income.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
