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Question>>> Azizi Grocery Sdn Bhd operates three mini-markets in Kuala Lumpur, Klang and Petaling Jaya....

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Accounting

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Azizi Grocery Sdn Bhd operates three mini-markets in Kuala Lumpur, Klang and Petaling Jaya. The company invests surplus funds in the stock market. In 2018, the company bought and sold shares on two occasions and made a gain of RM500,000. This gain was reflected as an extraordinary gain in the audited accounts of the company. Would this extraordinary gain be taxable on the company? Support your answer with the relevant badges of trade.

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