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  3. during the year, the company incurred the followin

During the year, the company incurred the following expenses on the Corporate Social Responsibility (CSR)...

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Question

Accounting

  1. During the year, the company incurred the following expenses on the Corporate Social Responsibility (CSR) account:

Particulars of CSR expenditure

Amount (RM)

Establishing and managing a musical group with the approval of the relevant ministries

200,000

Provision of a child care centre for the companys staff

95,000

Translation of books in the National language for a local university with the approval of the Dewan Bahasa

130,000

Provision of practical training (Note 1)

35,000

Total

460,000

Note 1: The training was given to a resident individual who was not an employee of the company.

  1. The professional fees and charges of RM90,000 incurred are as follows:

Professional fee and charges

Amount (RM)

Secretarial fees

12,000

Tax filing fees

14,000

Income tax appeal

54,000

Product licensing signed in Germany for the sale and distribution of its products in that country

10,000

Total

90,000

Required:

With reference to the Income Tax Act 1967 (as amended), determine and justify the deductibility of the above expenses for the year of assessment 2020 (No computation of income tax payable is necessary)

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