To Auditors

7/31/2019 To Auditors

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2012 2010 Reference

RM RM

REVENUE 1,421,664.97 1,273,688.45

LESS : COST OF SALES

Purchases 1,299,819.65 1,134,403.25

GROSS PROFIT 121,845.32 139,285.20

OTHER INCOME

Other income 103,430.62 270,777.62 N1

225,275.94 410,062.82

LESS :

DEPRECIATION

Depreciation of property, plant and equipment 91,026.47 80,403.47

GENERAL AND ADMINISTRATION EXPENSES

Accomodation - 5,047.01Accounting fees 2,230.00 1,850.00

Agreement charges - 150

Angpau - 6,736.00

Annual dinner - 4,687.70

Attestation fees 100 50

Audit fee - current year 4,000.00 3,600.00

Audit fee - service tax 240 216

Bank charges 560.5 410.5

Capital duty - 2,000.00

Compound 788 700 N2

Donation and subscription 1,500.00 3,868.00 N3Filing fees 150 600

Installation charges 869 3,501.45 N4

Internet 2,493.05 6,620.30

Newspaper and periodical 80.2 580.7

Office cleaner 180 -

Petrol, toll and parking 9,140.03 33,808.64

DETAILED INCOME STATEMENT

FOR THE YEAR ENDED FEBRUARY 29, 2012

ABC Sdn Bhd

For changing of accounting period,

please state your accounting period

with date clearly


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RM Reference

OTHER INCOME

1 Other income - RM 103,430.62

Kindly provide breakdown into :-

(note: kindly fill in relevant only if applicable)

1.1 BUSINESS INCOME - (only if any income included in revenue RM 103,430.62) ????Please furnish a detailed breakdown including the nature of the income.

1.2 DIVIDEND INCOME - (only if any income included in revenue RM 103,430.62) ????

i. Kindly furnish your information with the PHOTOCOPIES OF THE

DIVIDENDS VOUCHERS for verification purpose;

Note: We are very particular for devident income, thus, no matter how many

vouchers you have, COPY THEM ALL which is able to tie to your audit report.

Further, please note that the gross amount of dividend considered dividend income instead of

net dividend received. ( If say that the tax paid in dividend voucher is not dividend income

(frank dividend) ,is just like buying a RM2,700.00 Iphone should not include battery

and the phone case

1.3 INTEREST INCOME - (only if any income included in revenue RM 103,430.62) ????

Please furnish a detailed statement in the following format.

Amount Per

Account

(RM)

Amount

Receivable

As At Year End

(RM)

Fixed deposit interest

- Malaysian Banks

- Labuan Offshore Banks

- Overseas banks

Amount due from related

companies

* Please indicate the

details of related

companies

Note: For interest from licensed bank, there must be a banker and an account number for the interest received.

1.4 RENTAL INCOME - (only if any rental income included in revenue RM 103,430.62) ????

Kindly indicate the direct expenses incurred in earning the rental income such

as interest, insurance, quit rent and assessment, repairs and maintenance, etc.

and indicate where such expenses are reflected in the Profit and Loss Account.

Note: For rental income, some of the basic information is COMPULSORY such as:-

1. Tenant (Name, IC./Passport/ Co. Regn no.)

2. Property Address or

3. Equipments details

ABC SDN BHD (TAX REFERENCE : C 1234567890)

YEAR OF ASSESSMENT 2012 (BASIS PERIOD : 01.03.2011 TO 29.02.2012)

INFORMATION MAY NEED FROM AUDIT WORKING PAPERS FOR TAX RETURN PURPOSES

Source Of

Interest Income

(RM)


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RM Reference




1.5 MISCELLANEOUS / SUNDRY / OTHER INCOME - (only if any income included in revenue RM 103,430.62) ????

Please furnish a detailed breakdown including the nature of the income.

1.6 FOREIGN INCOME - (only if any income included in revenue RM 103,430.62) ????

Please furnish a detailed statement in the following format.

Amount Date Remitted

(RM) Into Malaysia

1.7 Please indicate if any other income included ????

103,430.62

GENERAL AND ADMINISTRATION EXPENSES

2 Compound - RM 788

Please provide breakdown or further explanation on nature of expense.

Note: for your information, not all compound, fine or penalty is not allowable for deduction claim

although the probability is low

3 Donation and subscription - RM 1,500

(otherwise "Gift and donations") Note: This is not a "Style" wording as per preference

Please provide a detailed breakdown of the expenditure

Particulars: RM

???

???

1,500

Please provide the following for donation :-

i . List of donat ions;

ii. Photocopies of the tax exempt donations receipts for verification purposes;

iii. Please ensure that you retain the original receipts.

Note: for approval donation, please check through List of Institutions under Section 44(6) ITA 1967 at the following address:-

http://www.hasil.gov.my/goindex.php?kump=2&skum=6&posi=1&unit=8&sequ=1

If SUBSCRIPTIONS is included, please provide further description for the above and seggregate it into:

a. entrance fee

b. annual subscription

Note: reason to ask so as the entrance fee considered a capital expenses (which expanding the business function)

Nature of Foreign Income
http://www.hasil.gov.my/goindex.php?kump=2&skum=6&posi=1&unit=8&sequ=1http://www.hasil.gov.my/goindex.php?kump=2&skum=6&posi=1&unit=8&sequ=1


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RM Reference




4 Installation charges - RM 869


5 Printing and stationery - RM 3,295

Kindly confirm that the expenditure were wholly and exclusively incurred in theproduction of the Company's gross income. Also please indicate if incurred any

disbursement of secretarial or tax fee

6 Service tax - RM 354

Please provide information as follow :-

Nature of Service Tax

services rendered amount

??? ???

??? ???

7 Sundry expenses - RM 4,644


8 Upkeep of computer - RM 1,345

9 Upkeep of motor vehicles - RM 11,096 Sorry for my ignorance as I could not define the differences.

10 Upkeep of office - RM 2,921 Is this means the "office equipment" been upkeeped is not

11 Upkeep of office equipment - RM 1,050 use in the "office" thus not part of the "office"??

Please confirms that there are no capital expenditure included in the above

expenses. Otherwise, please indicate.

Note: the "otherwise" may refer eg. Upkeep of office equipment may perhaps include a Cofee maker

which should claim capital allowances instead of claiming direct expenses dedcution under section 33

12 Directors' fees - RM 84,600

Please furnish us further detail as per format below.

Fee & Salary &

Name of recipients emoluments bonuses

??? ???

??? ???

Note: although this is not straight, but there is different in between "Fee & emoluments" and "Salary & bonuses"

when showing in the director EA form to be presented in Co's Form E and the directors personal tax return

OTHER REQUIRED INFORMATION

13 Total instalments paid:-

If you intent to capture is the amount arrised for the Year of Assessment, you could check from the

Form CP204 - Estimation of tax payable or CP204A - Revised estimation of tax payable

Note: Check details for Form CP204, as the most recent Form is not the form you looking for the relevant year

(CP204 for YA2013 have to be filled latest by 30th January 2012 in this case)


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RM Reference




14 Tax relevant parts for your audit working:-

For your information, tax computation may normally contained the following schedulers:-

1 COMPUTATION OF CHARGEABLE INCOME

2 COMPUTATION OF STATUTORY INCOME FOR BUSINESS

3 COMPUTATION OF ADJUSTED BUSINESS INCOME4 CAPITAL ALLOWANCES RELEVANT

- Fixed Asset Listing - Additions/Disposals

- Schedule of Hire Purchase Payments

- Written off/Disposals of Property, Plant and Equipment

- Computation of Capital Allowance - Purchased Assets

- Computation of Industrial Building Allowance

- Computation of Capital Allowance - Hire Purchase Assets

- Summary of Allowances

**Note: They are all in one set, miss out of any one of them may not be a tax computation.

Note: Form C / e-C and Form R / e-R is tax return form which the finalized

communication media between tax payer and LHDN instead of Tax Computation

Documents

To Auditors