Malaysia legislation
Section 40
Section 40
(a)
shall for the year of assessment 2013 be deducted in accordance with subsection 43(2) of the principal Act against the aggregate statutory income of that person from a source consisting of a business; or
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Act 755
(b)
where there is no aggregate statutory income from that source consisting of a business for the year of assessment 2013, the amount shall be deducted against the adjusted income of that person from a source other than a source consisting of a business for the year of assessment 2013
and subsequent years of assessment until the amount is fully deducted.
(2)
the amount of allowance in respect of interest from a source consisting of a business which has not been so made to a person for year of assessment 2012 as ascertained under paragraph 75 of schedule 3 to the principal Act prior to the coming into operation of sections 5 and 10 of this Act—
(a)
shall for the year of assessment 2013 be made to that person for the purposes of the schedule and section 42 of the principal Act from any source consisting of a business of that person; or
(b)
where the person has no source consisting of a business for a year of assessment 2013, the amount of allowance shall be deducted against the adjusted income of that person from a source other than a source from a business for the year of assessment 2013 and subsequent years of assessment until the amount is fully deducted.