Estate under Administration
-Responsibility of executor and deceased person
-Treatment of income and expenditure
-Tax computation for the deceased and executor

Trust (Excluding Unit Trust)
-Resident status of a trust body
-Types of trust
-Tax computation and distribution to beneficiaries
-Application or non-application of S.61 (2) and its implication

Corporate Tax
-Basis period of companies
-Resident status of a company
-Revenue vs capital income
-Determination of expenditures (allowable, disallowable, double deductions, specific deductions, prohibited) – section 33,
34, 34A, 34B, 39

Investment Tax Incentives
-Pioneer status
-Investment tax allowance
-Reinvestment allowance
-Nature of each incentive & eligibility
-Computation of tax payable and amount credited to exempt income account

Tax Audit & Tax Investigation
-Tax Audit
-Tax Investigation

Tax Planning for Company
Commencement and cessation of business
-Treatment of current year loss and unabsorbed business losses
-Asset acquisition (leasing and hire purchase)
-Controlled Transfer
-Group Reliefs
-Group Restructuring, Merger and Acquisition

Indirect Taxes
Sales and Service Tax
-Concept and definition
-Scope of tax
-Taxable person
-Computation of Sales and Services Tax
-Exemptions

Current Issues in Taxation
-Taxation Of Specialised Industries
-Double Tax Relief
-Labuan as an Offshore Financial Centre

Q1 : What are the three basic tax planning strategies?
A1 : To reduce income, increase deductions, take advantage of exemptions and incentives..

Q2 : How do you calculate Rental Income for a deceased person?
A2 : The calculation is based on time basis