Compensation for forcefully acquired properties should not be subject to income tax, rules apex court
“No law shall provide for the compulsory acquisition or use of property without adequate compensation.
“No law shall provide for the compulsory acquisition or use of property without adequate compensation.
With a fast approaching deadline on April 30 for manual submission and May 15 via e-Filing, many will be rushing to complete our tax filing.
KUALA LUMPUR (Sept 23): The Inland Revenue Board (IRB) agreed today to settle former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor's (pictured) income tax arrears out of court.
Prime Minister Tan Sri Muhyiddin Yassin had said ‘no Malaysian shall be left out under Covid-19 stimulus package’ when he addressed Parliament in the current sitting which commenced on July 13, 2020.
KUALA LUMPUR (July 22): The High Court here today ordered former prime minister Datuk Seri Najib Razak (pictured) to pay the government, through the Inland Revenue Board (IRB), RM1.
PUTRAJAYA (June 19): The Federal Court has fixed July 17 to hear the prosecution's appeal against the Court of Appeal (COA)'s decision to allow former Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor's bid to change the judge presiding over his RM1 million graft trial.
KUALA LUMPUR (March 5): Two million ringgit was not a big deal for Datuk Seri Tengku Adnan Tengku Mansor because to him it was like “pocket money”, he told the High Court today.
KUALA LUMPUR (March 4): Umno treasurer Datuk Seri Tengku Adnan Tengku Mansor told the court today that he had used his own money first to fund his party in two by-elections in 2016 before being reimbursed a RM2 million cheque by businessman Tan Sri Chai Kin Kong.
KUALA LUMPUR (Feb 28): The Income Tax Return Forms (ITRF) for Year of Assessment 2019 for Forms E, BE, B, P, BT, M, MT, TF and TP can be submitted starting from March 1, 2020 via e-Filing.
KUALA LUMPUR (Jan 7): Datuk Seri Tengku Adnan Tengku Mansor's application to suspend proceedings of the Inland Revenue Board (IRB)'s suit against him for RM57.