Page 4 - Chapter 22 - Foreign Exchange
P. 4

Syllabus:






          Section                                        INCOME TAX ACT                                                        KL


         24I              Gains or losses on foreign exchange transactions                                                      2

                          Exclude headquarter co & international shipping co




         25D              Determination of taxable income in foreign currency                                                   3

                          Section 25D(2A), (4), (5), (6) & (7)                                                            Excluded




         Par                                           EIGHTH SCHEDULE                                                         KL

         43               Assets disposed of or acquired in foreign currency                                                    2

                          Exclude headquarter co, international shipping co

                          and domestic treasury co










                                                      Ignore in Silke Chapter 22

                                                 22.8.3 Discussion on s 24I(11)
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