TAX 467 Triple-H Cafe Tax Case Study Assignment: Income Computation, Filing & Assessment for YA 2024

School

Universiti Teknologi Mara

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Assignment Type

Group Assignment

Subject

TAX 467 TAXATION 1

Uploaded by Malaysia Assignment Help

Date

07/22/2025

Tax Case Study: Triple-H Cafe

Background Information

Azim has been managing daily operations and business finances of his business, Triple-H Cafe in Georgetown, Penang since 2020. He is married to Cempaka, a Manager Hotel in D’Ocean Resort Penang. Both Azim and Cempaka are tax residents of Malaysia.

Statement of Profit or Loss for Triple-H Cafe (Year Ended 31 December 2024)

Notes RM RM
Sales 680,000
Less: Cost of sales 1 (230,000)
Gross Profit 450,000
Add: Other income 2 25,000
475,000
Less: Operating expenses:
Depreciation 11,300
Remunerations 3 130,200
Bad debts 4 4,350
Entertainment 5 29,350
Donations and contributions 6 47,800
Fees 7 6,170
Rent expenses 8 24,600
Repair and maintenance 9 26,800
(280,570)
Net profit 194,430

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Notes to the Financial Statements

Note 1: Cost of sales

During the year, Azim conducted a birthday party for his daughter using services provided by Triple-H Cafe worth RM3,000 (market price RM3,500). This transaction was not recorded.

Note 2: Other income

Compensation from supplier due to late delivery 8,800
Interest from Bank Islam Berhad fixed deposit 8,700
Gain on disposal of delivery van 7,500
Total other income 25,000

Additional Income Sources

Azim’s Additional Income:

  • Fixed deposit interest from Hong Leong Bank: RM8,000
  • Dividend income from Amanah Saham Nasional Berhad: RM12,500
  • Rental income from Kedah apartment (rented from 1 July 2024)

Cempaka’s Income and Benefits:

  • Monthly net salary: RM12,150 (after EPF, STD, and zakat deductions)
  • Bonus equivalent to one month salary (received 31 August 2024)
  • Various allowances (traveling, entertainment, childcare)
  • Company car (Honda WRV) with driver
  • Other income sources (interest, rental properties, royalties)

Personal Information

Azim bin Ahmad Cempaka binti Roslan
IC Number 750112-08-5893 800622-10-2410
Tax Reference Number IG11500202145 IG115002021458
Bank Account Hong Leong Berhad 012345567810 Alliance Bank 012566792120

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Assignment Requirements

Part A: Computation of Personal Tax Liability (30 marks)

  1. Statutory Business Income of Triple-H Cafe for YA 2024 (10 marks)
  2. Total income of Azim and Cempaka for YA 2024 (10 marks)
  3. Income tax payable/refund under separate assessments (10 marks)

Part B: Filing Tax Return (20 marks)

Complete the 2024 Form e-B and e-BE for Azim and Cempaka.

Part C: Video Infographic (50 marks)

Create a video explaining joint assessment taxation in Malaysia covering:

  1. What is joint assessment and how it works
  2. Steps in computing tax payable for joint assessment
  3. Tax reliefs and rebates for married couples with children
  4. Comparison between joint and separate assessment

CONFIDENTIAL AC/JUN2025/TAX467/GPROJECT

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