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The Income Tax Act 1967, in its current form (1 January 2006), consists of 10 Parts containing 156 sections and 9 schedules (including 77 amendments). Part I: Preliminary. Part II: Imposition and General Characteristics of the Tax. Part III: Ascertainment of Chargeable Income. Chapter 1: Preliminary.
t. e. An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill was later scrapped.
Central Bank of Malaysia Act 1958: 519 Repealed by Act 701 Central Bank of Malaysia Act 2009: 701 In force Chemicals Weapons Convention Act 2005: 641 In force Chemists Act 1975: 158 In force Cheng Hoon Teng Temple (Incorporation) Act 1949: 517 In force Child Act 2001: 611 In force Child Care Centre Act 1984: 308 In force Child Protection Act ...
Freedom of religion. While freedom of religion is de jure symbolically enshrined in the Malaysian Constitution, it de facto faces many prohibitions and restrictions. A Malay in Malaysia must strictly be a Muslim, and they cannot convert to another religion. Islamic religious practices are determined by official Sharia law, and Muslims can be ...
The federal budget is a major state financial plan for the fiscal year, which has the force of law after its approval by the Malaysian parliament and signed into law by the Yang di-Pertuan Agong. Revenue estimates detailed in the budget are raised through the Malaysian taxation system, with government spending representing a sizeable proportion ...
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2nd Parliament of Malaysia (Total: 12) Revision of Laws Act 1968 [Act 1] Ministerial Functions Act 1969 [Act 2] Civil Aviation Act 1969 [Act 3] Employees' Social Security Act 1969 [Act 4] Election Offences Act 1954 [Act 5] Finance Companies Act 1969 [Act 6] ( Repealed by the Banking and Financial Institutions Act 1989 [Act 372] )