15665076
Description
Mind Map by suhada zahari, updated more than 1 year ago
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Created by suhada zahari
over 5 years ago
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Corporate Taxation
- Compensation For Breach or Cancellation
of Contract
- COMPENSATION PAID in respect
of supply contract to be capital
receipt
- Revenue Receipt
- Capital Receipt
- Revenue Receipt
- COMPENSATION PAID in respect
of supply contract to be capital
receipt
- compensation for Damages
- 1) Compensation for loss of Income is
the amount of damages that replace
the loss of trading profit or to fill a
hole of the trading profit.
- 2) Compensation for Loss of Asset consist
of three element which is temporary
loss, permanent loss and regular
permanent loss
- 3) Personal Damages is personal injury due
to negligence
- 3) Personal Damages is personal injury due
to negligence
- 2) Compensation for Loss of Asset consist
of three element which is temporary
loss, permanent loss and regular
permanent loss
- 1) Compensation for loss of Income is
the amount of damages that replace
the loss of trading profit or to fill a
hole of the trading profit.
- Sales of 'KNOW-HOW'
- Secret processes, design standards,
drawing or pattern
- Capital Receipt
- Revenue
Receipt
- Capital Receipt
- Secret processes, design standards,
drawing or pattern
- Subsidy or Grant
- Trading Receipt is Grant is to cover revenue
expenditure or substitute loss
of profit
- Capital Receipt is grant not to substitute
revenue loss for capital project
- Case : Dewan Perniagaan
Bumiputera Sabah v Ketua
Pengarah Hasil Dalam
Negeri
- Case : Dewan Perniagaan
Bumiputera Sabah v Ketua
Pengarah Hasil Dalam
Negeri
- Case : Ostime v Pontypridd
- Capital Receipt is grant not to substitute
revenue loss for capital project
- Trading Receipt is Grant is to cover revenue
expenditure or substitute loss
of profit
- Foreign Exchange Transaction
- Trading Receipt if referable to the
circulating capital arised in the
ordinary course
- Case : Imperial
Tobacco Co. Ltd v
Ltd
- Case : Imperial
Tobacco Co. Ltd v
Ltd
- Capital receipt is acquisition or
disposal of capital asset
- Case : Davies v
Shell Co of China
Ltd
- Case : Davies v
Shell Co of China
Ltd
- Trading Receipt if referable to the
circulating capital arised in the
ordinary course
- Unclaimed Deposit or Balances
- Capital Receipt is paid deposits when
ordering gorments and unclaimed
deposit are taxable
- Capotal Receipt : Morley vTottersall
- Capotal Receipt : Morley vTottersall
- Capital Receipt is paid deposits when
ordering gorments and unclaimed
deposit are taxable
- Insurance Receipt (the legal Principle
- Capital Receipt is a
permanent destruction
of capital asset for
example loss of lorry
- Income Receipt is to
fill a hole of the profit
such as loss of service
of employee and
delay n repair an
asset
- Capital Receipt is a
permanent destruction
of capital asset for
example loss of lorry
- Release of Debt
- It is also known as forgiving or
waive of debts
- It is refer to the Section 30(4)
- It is also known as forgiving or
waive of debts
- Compensation for withdrawal of
partnership
- It is consider as capital receipt because it
is related to :
- A disposal of a sources of income
- Surrendering af all rights for a
consideration
- A disposal of a sources of income
- It is consider as capital receipt because it
is related to :
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