Malaysia legislation
Section 19
Section 19
section 60aa of the principal Act is amended by inserting after subsection (15) the following subsection:
“(15a) in arriving at the total income of an operator for a year of assessment—
(a)
the adjusted loss from a source or sources of an operator for that year of assessment other than from a source consisting of a family fund, shall be available as deduction against the aggregate statutory income (excluding the statutory income from a source consisting of a family fund) of an operator; and
(b)
any unabsorbed loss ascertained under subsection 44(4) or (5) for that year of assessment shall not be deducted against the statutory income of the family fund of the operator for the subsequent years of assessment.”.
17
Finance amendment of section 60g