Tarikh Kuatkuasa : Tarikh Tamat : Kuatkuasa Rujukan Perundangan\Akta Cukai Pendapatan 1967 - Seksyen\PART IX - EXEMPTIONS, Kategori : REMISSION AND OTHER RELIEF\PART IX - EXEMPTIONS, REMISSION AND OTHER RELIEF\
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Akta Cukai Pendapatan 1967
(Akta 53) Pindaan Sehingga Akta A1349 Tahun 2009 Tarikh Keluaran : Title : Income Tax Act Part : PART IX - EXEMPTIONS, REMISSION AND OTHER RELIEF Chapter : PART IX - EXEMPTIONS, REMISSION AND OTHER RELIEF Section : 127 . Exemptions from tax general.
127. (1) Notwithstanding any other provision of this Exemptions
Act but subject to section 127A, any income specified from tax: general. in Part I of Schedule 6 shall, subject to this section, be [Am. Act exempt from tax. 274; Act 293; History Act 337.]
Subsection 127(1) is amended by Act 608 of
2000 s18, by inserting after the word "Act" the words " but subject to section 127A", with effect from year of assessment 2001.
(2) The Dewan Rakyat may by resolution delete
any paragraph or item in Schedule 6 or add further paragraphs or items thereto.
(3) The Minister may by statutory order-
(a) provide that the interest payable on any loan
charged on the Consolidated Fund or on a State Consolidated Fund shall be exempt from tax, either generally or in respect of interest payable to persons of a particular class;
(b) exempt any person or class of persons from
all or any of the provisions of this Act, either generally or in respect of any income of a particular kind or any class of income of a particular kind; Page 2 of 3
History
Subsection 127(3)(b), the word "persons or" is
deleted by Act 644 of 2005 s25(a), deemed to have come into operation on 1 October 2005.
(c) declare any part of the armed forces to be a
reserve force for the purposes of paragraph 9 of Part I of Schedule 6 in addition to the forces mentioned in that paragraph; or
(d) vary paragraph 18 of Part I of Schedule 6 by
adding other commodities to those mentioned in that paragraph or deleting any of the commodities so mentioned.
(3A) The Minister may, in any particular case
exempt any person from all or any of the provision of this Act, either generally or in respect of any income of a particular kind or any class of income of a particular kind.
History
New subsection 127(3A) is introduced by Act 644 of
2005 s25(b), deemed to have come into operation on 1 October 2005.
(4) Any orders made under subsection (3) shall be
laid before the Dewan Rakyat.
(5) Any income which is exempt from tax by virtue
of this section shall be disregarded for the purposes of this Act:
Provided that-
(a) this subsection shall not apply as respects
section 107A, 109 or 109B; and
(b) any tax deducted under section 107A, 109 or
109B from any such income shall be refunded under section 111.
History
Subsection 127(5) is amended by Act 683 of
2007 s29 by deleting the word "108," wherever appearing, has effect for the year of assessment 2008 and subsequent years of assessment.
(6) Nothing in this section shall be so construed as
to exempt in the hands of a recipient any income in respect of dividend, interest, bonus, salary or wages paid wholly or in part out of income exempt from tax by Page 3 of 3
virtue of this section, unless that first-mentioned